Nordic American Tankers Ltd
NYSE: NAT
$3.16
-$0.11 (-3.4%)
Closing Price on November 8, 2024
NAT Articles
U.S. equity markets opened higher this morning boosted by higher-than-expected trade balances in China (more coverage here) and in the U.S. (more coverage here). In Europe the big news came later in...
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Last week’s decision by OPEC to continue to produce crude oil at the cartel’s official quota level of 30 million barrels/day had the knock-on effect of emboldening tanker operators to raise...
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Markets opened mixed this morning, with the DJIA showing much more strength than the S&P 500, which opened higher, or the Nasdaq, which opened lower. The S&P Case-Shiller house price index...
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The CEO of Frontline Ltd. (NYSE: FRO) told Reuters that the demand for oil tankers is unexpectedly high right now as imports to China swell. This could be good news for other tanker lines like Nordic...
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The Dow Jones Transportation Average has risen just 7.7% in the past five years, and barely 3% in the past 12 months. Not exciting, that’s for sure, except for the ride to get here. Fortunately...
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Earnings season is starting to slow down a bit but we will still have some sector-moving earnings reports from major companies. 24/7 Wall St. has prepared earnings previews for the following...
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Just what does a cratering Baltic Dry Index mean? Frankly, it looks and acts as though it is signaling the next recession is here already rather than signaling that it is coming. That flies in...
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If you watch underwritings in stocks, it would be literally impossible not to pay attention to the waves of secondary stock offerings from companies in the last 48 hours. Some of the key secondary...
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An over-supply of product leading to a steep drop in price has claimed another victim. No, this is not a story about a solar PV maker, but about shipping, where ships that were ordered in 2007 and...
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Markets opened up a bit this morning, but by 10:00 a.m. equities had turned back down, with the DJIA sliding down nearly -200 points before rallying back to its opening mark in the early afternoon....
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No matter what kind of cargo a shipping company moves, that company is likely to be in some financial distress. Rates for moving containers, dry bulk, and oil are all way down as the global economy...
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As Japan recovers from the devastating earthquake and its aftermath, the country will depend heavily on importing raw materials into the country and exporting finished goods. There are a number of...
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Day rates for crude oil supertankers, VLCCs, peaked in 2009 at around $100,000/day. Today, if you want to ship 2 million barrels of oil from the Middle East to Korea, you’d have to pay just...
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