Nordic American Tankers Ltd: Exceptional conditions for our vessels
We are currently experiencing a market for our vessels that is extraordinary. Below is a snapshot of some recent spot fixtures for our ships – the numbers are approximate. Our operating costs per ship are less than $10,000 per day. The difference between the rates below and the operating costs is cash accumulation in NAT: ...
Nordic American Tankers Ltd. (NAT) is currently seeing an exceptional market for its vessels. Recent spot fixtures for the company's ships reveal significant cash accumulation potential. A 31-day voyage to an oil major would generate approximately $183,000 per day. For a 60-day voyage to an oil trader, the rate is about $200,000 per day.
An 80-day voyage to an oil trader could bring in around $98,000 daily. A 65-day voyage to an oil major offers a Time Charter Equivalent (TCE) of about $70,000 per day. A 19-day spot fixture to an oil major has a TCE of approximately $88,000 daily. For a 77-day voyage to an oil major, the TCE is around $61,000 per day. A 64-day spot fixture to an oil trader has a TCE of about $60,000 daily.
NAT vessels to an oil major for a 53-day period feature a TCE of approximately $60,000 per day. The market for NAT vessels is undoubtedly heading upwards due to the volatile nature of spot contracts, highlighted by the short-term variations observed.
Written by urgent.news from Hellenic Shipping News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
