Tanker

Nordic American Tankers books million-dollar profit on tanker recovery

Nordic American Tankers turned a double-digit million-dollar deficit into a double-digit million-dollar profit. The shipping line still believes in a strong 2020 for tanker, even though rates have gone down in recent weeks, due to factors like the Coronavirus.
Photo: Nordic American Tankers / PR
Photo: Nordic American Tankers / PR
by CHRISTIAN CARLSEN

The recovery in the tanker market improved Nordic American Tankers' bottom line by USD 23.2 million in the fourth quarter last year.

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