Nordic American Tankers celebrates continued bonanza in tanker market

In a notice to stockholders, tanker carrier Nordic American Tankers cheers over the start of the year. The company most recently entered an agreement on one of its tanker ships at a rate exceeding USD 100,000. And the conflict between the US and Iran is fresh sustenance, the company says.

Photo: Nordic American Tankers / PR

Tanker shipping company Nordic American Tankers and Chief Executive Herbjörn Hansson have great cause for celebration.

The upswing on the tanker market has continued into 2020, according to the company, and has taken hold in earnest – most recently gaining fresh sustenance after the conflict between the US and Iran escalated with the former's killing of Iranian Major General Qassem Soleimani – and, now, the latter's retaliation against US-Iraqi air bases.

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