Nordic American Tankers Limited (NAT) - NYSE
  • Mon, Jul. 11, 8:56 AM
    • Nordic American Tankers (NYSE:NAT) announces the delivery of a new Suezmax vessel called the Nordic Pollux.
    • Nordic Pollux is the last one of the four vessels that were part of a previously-disclosed acquisition.
    • After taking delivery of the four vessels, the company will have a fleet of 30 Suezmax vessels, including two newbuildings from Korea, scheduled for delivery in August 2016 and January 2017.
    • The company says the fleet of Suezmaxes has a substantial earnings capacity.  It also notes that there are no plans to issue equity in connection with the expansion to 30 vessels. The total price for the four vessels is $106M and the remaining commitments on the two newbuildings are $64M.
    • Source: Press Release
    | Mon, Jul. 11, 8:56 AM | 5 Comments
  • Sun, Jun. 26, 6:35 AM
    • Panama officially opens an addition to its legendary sea canal today, capping a nine-year, $5.4B expansion project that will double shipping capacity and affect global trade routes.
    • A third lane has been added to the waterway that can accommodate a new generation of super cargo ships large enough to carry up to 14K containers, compared with around 5K currently.
    • Check out a time-lapse video of the construction here
    • Related tickers: MATX, KEX, CMRE, SSW, DAC, NMM, SINO, SB, DCIX, GOGL, ALEX, DAC, GSL, ESEA, EURN, NAT, OSGB, TGP
    | Sun, Jun. 26, 6:35 AM | 33 Comments
  • Tue, Jun. 21, 11:31 AM
    • Nordic American Tankers (NAT +0.6%) announces that as per the agreement to acquire four top quality Suezmax tankers built in Japan.The second of the four vessels, the Nordic Castor, was delivered today. The third vessel is expected to be delivered within the end of June 2016 or in early July and the fourth vessel soon thereafter. The vessels will be immediately employed in the tanker market, impacting the cash flow positively.
    • Following the delivery of these four vessels, the company will have a fleet of 30 Suezmax vessels, including two newbuildings from Korea, scheduled for delivery in August 2016 and January 2017. The NAT fleet of Suezmaxes has a substantial earnings capacity.  The company has no plans to issue equity in connection with this expansion to 30 vessels.
    • Press Release
    | Tue, Jun. 21, 11:31 AM | 11 Comments
  • Mon, Jun. 20, 9:48 AM
    • Hologic (NASDAQ:HOLX) and Grifols (NASDAQ:GRFS) announces that the FDA has approved use of the Procleix Zika virus blood screening assay on the Procleix Panther system under the agency's Investigational New Drug (NYSE:IND) study protocol.
    • Prominent U.S. blood centers will use the Procleix Zika virus assay to screen donated blood collected in potential endemic areas of the southern U.S., and may expand testing to other areas of the U.S. if the virus continues to spread.
    • The Procleix Panther system automates all aspects of nucleic acid testing (NYSE:NAT)-based blood screening on a single, integrated platform. It eliminates the need for batch processing and combines walk-away freedom with intuitive design for ease of use.
    | Mon, Jun. 20, 9:48 AM | 5 Comments
  • Mon, May 9, 4:44 AM
    • Nordic American Tankers (NYSE:NAT): Q1 EPS of $0.33 beats by $0.02.
    • Net voyage revenue of $76.73M (+10.3% Y/Y) misses by $3.7M.
    • Press Release
    | Mon, May 9, 4:44 AM | 39 Comments
  • Sun, May 8, 5:30 PM
    | Sun, May 8, 5:30 PM | 15 Comments
  • Mon, May 2, 7:03 AM
    • Nordic American Tankers (NYSE:NAT) announces it acquired four Suezmax vessels from an unidentified seller for $106M.
    • The company expects to take delivery of the vessles sometime between May and July.
    • Nordic's fleet size goes to 30 from 26 with the transaction.
    | Mon, May 2, 7:03 AM | 22 Comments
  • Mon, Apr. 25, 5:52 AM
    • Nordic American Tankers (NYSE:NAT) declares $0.43/share quarterly dividend, in line with previous.
    • Forward yield 11.76%
    • Payable May 27; for shareholders of record May 12; ex-div May 10.
    | Mon, Apr. 25, 5:52 AM | 6 Comments
  • Mon, Feb. 8, 4:41 AM
    • Nordic American Tankers (NYSE:NAT): Q4 EPS of $0.34 misses by $0.11.
    • Revenue of $77.39M (+79.7% Y/Y) misses by $9.03M.
    • Press Release
    | Mon, Feb. 8, 4:41 AM | 55 Comments
  • Sun, Feb. 7, 5:30 PM
    | Sun, Feb. 7, 5:30 PM | 10 Comments
  • Wed, Jan. 13, 6:18 AM
    • Nordic American Tankers (NYSE:NAT) declares $0.43/share quarterly dividend, 13.2% increase from prior dividend of $0.38.
    • Forward yield 12.91%
    • Payable Feb. 10; for shareholders of record Jan. 27; ex-div Jan. 25.
    | Wed, Jan. 13, 6:18 AM | 30 Comments
  • Dec. 1, 2015, 7:10 AM
    • Nordic American Tankers (NYSE:NAT) CEO Herbjorn Hansson issued a strategy update letter to shareholders.
    • Hansson reminded that lower oil prices are a positive factor the company.
    • "We believe oil demand is developing in a way that will continue to boost demand for transportation," noted the exec.
    • The market will be strong enough to support "healthy" dividends, according to Hansson.
    | Dec. 1, 2015, 7:10 AM | 15 Comments
  • Nov. 12, 2015, 11:44 AM
    • Nordic American Tankers (NAT +0.2%) purchased 1.521M shares of Nordic American Offshore (NAO +3.1%) at $6.25 per share. The private offering closed yesterday.
    • The company now holds a 26.5% stake in Nordic American Offshore.
    | Nov. 12, 2015, 11:44 AM
  • Nov. 11, 2015, 11:58 AM
    • Nordic American Tanker (NAT +1.1%) is higher after reporting Q3 earnings that beat expectations.
    • NAT says its homogenous fleet and achieved spot rates of ~$35K/day per ship reduced its Q3 operating costs, which helped to keep its cash breakeven below $12K/day per vessel; in Q2 2015 and Q3 2014, spot rates were $38.8K/day and $21K/day per ship, respectively.
    • NAT says the level of the Suezmax spot tanker market was healthy during the first three quarters of the year and Q4 is progressing well so far, with achieved spot rates above the average for the first three quarters.
    • Says its two newbuildings for delivery in Q3 2016 and Q1 20017 are on schedule.
    | Nov. 11, 2015, 11:58 AM
  • Nov. 11, 2015, 8:25 AM
    • Nordic American Tankers (NYSE:NAT): Q3 EPS of $0.29 beats by $0.02.
    • Revenue of $66.7M (+63.0% Y/Y) in-line.
    • Shares +1.9% PM.
    | Nov. 11, 2015, 8:25 AM | 3 Comments
  • Nov. 10, 2015, 5:30 PM
    | Nov. 10, 2015, 5:30 PM | 4 Comments
Company Description
Nordic American Tankers Ltd. is an international tanker company. It owns and operates double hull crude oil tankers and Suezmax tankers. The company was founded on June 12, 1995 by Herbjorn Hansson and is headquartered in Hamilton, Bermuda.
Sector: Services
Industry: Shipping
Country: United States