Broker reports are currently quoting spot rates for the Suezmax crude oil tankers at around USD 35,000 per day, and that is the highest level in 1-2 years, says CEO Herbjørn Hansson of Nordic American Tankers (NAT) in an early New Year's brief to the company's shareholders.
"The tanker market for crude oil has strengthened considerably during the last few weeks. The stronger market manifested itself first in the super tanker sector (VLCC), and is now having a positive impact on the Suezmax sector. The longer it lasts, the better. We obviously see the recent development as a positive sign," says Herbjørn Hansson, pointing to several bright spots in the market: