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Weak rates slash Nordic American Tankers' top line in half

Major setbacks on the top and bottom lines at Nordic American Tankers, which had predicted weak rates in the third quarter beforehand. The tanker carrier is currently noting stronger rates in the fourth quarter.

Photo: Nordic American Tankers

The rough rate environment in the tanker market impacted Nordic American Tankers' (NAT) third quarter interim report, where the top line was almost cut in half and the deficit grew by USD 26.7 million compared to the same period last year.

The tanker environment may change quickly and unexpectedly, up or down"

NAT

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