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Nordic American Tankers lost more than expected

Norwegian tank carrier Nordic American Tankers was unable to sustain the positive developments from the third quarter, and the company's deficit grew toward the end of 2013.

Photo: Rederiforeningen

Tank carrier Nordic American Tankers (NAT), which is based in Bermuda and listed on the New York Stock Exchange, suffered a bigger deficit by the end of 2013 than the carrier expected ahead of publishing its annual report.

In the fourth quarter NAT noted a deficit of USD 22.08 million, which is lower than in 2012, where the company registered a USD 19.24 million deficit. And the deficit for 2013 as a whole also grew, to USD 105.41 million versus USD 73.19 million in 2012, says NAT in its annual report.

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