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Nordic American Tankers points to higher tanker rates

  • Nordic American Tankers (NYSE:NAT) provides an update to shareholders.
  • "The rates for our suezmax tankers have strengthened substantially recently. Now the spot market for our ships has gone up further," reads the letter.
  • "The higher the suezmax tanker rates are, the better the ability of NAT to pay dividend - a key policy element of NAT."
  • Source: Press Release

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