Nordic American Tankers open to fleet expansion

Nordic American Tankers booked a significant deficit in the second quarter as a result of the weak tanker market. After having reduced the number of vessels, Herbjørn Hannson's tanker operator is now open to expanding its fleet by purchasing second-hand ships.

Photo: Nordic American Tankers / PR

Like most of its competitors, Nordic American Tankers is impacted by the strained tanker market, which has cut into the operators' earnings in 2021.

The same is the case for Herbjørn Hansson's tanker carrier, which reports average TCE rates of USD 7,800 a day for its fleet in the second quarter. This is a significant decline from previous levels of USD 48,400 per day in the second quarter of 2020.

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