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"


Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Maersk unveils design of methanol vessels

For five years, Maersk has been working on developing a new vessel design, which can increase the energy efficiency of its fleet by 20 percent. The first eight vessels are planned to sail on green methanol from 2024.

Further reading

Related articles

Latest news

See all jobs