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Nordic American Tankers (NAT -0.2%) reports a Q4 net loss of $0.39/share vs. a consensus...

Nordic American Tankers (NAT -0.2%) reports a Q4 net loss of $0.39/share vs. a consensus estimate for a net loss of $0.36, but says it may double its fleet within five years in a bet that rising Asian energy demand will snap a rout in rates. The combined hit of declining demand for crude and an oversupply of vessels sent average daily rates for NAT to $10.7K during Q4 vs. a break-even average of ~$12K.
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