Nordic American Tankers Ltd (NYSE

NAT) – Most recent market fixtures for our ships

 

Tuesday, November 14, 2023

 

Dear Shareholders and Investors,

 

Below are the 6 most recent spot fixtures, showing the level of the market for our suezmax ships. All numbers are approximations.

 

Vessel fixed to International Oil Major for a voyage of more than 30 days. The Time Charter Equivalent (TCE) is about $40,000/day.

Vessel fixed to a Major Oil Trader for a voyage of more than 30 days. The TCE is about $75,000/day.

Vessel fixed to a European Oil Major for a voyage of more than 40 days. The TCE is about $50,000/day.

Vessel fixed to an International Oil Major for a voyage of about 35 days. The TCE is about $55,000/day.

Vessel fixed to an Oil Company for a short voyage of about 10 days. The TCE is about $65,000/day.

Vessel fixed to an Oil Company for a short voyage of about 10 days. The TCE is about $90,000/day.

The numbers above give a picture of the current market level.

The operating costs for our ships are about USD 9,000 per day.

For contacts, please see at the end of this communication.

 

Sincerely,

Herbjorn Hansson
Founder, Chairman & CEO

Nordic American Tankers Ltd.                                                           www.nat.bm  

 

 

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