Ocean Yield said it had bought the two ships and put them on eight-year bareboat charters to Nordic American Tankers in a ...

The Suezmax market is undergoing a profound realignment: major independent shipowners, such as Bergesen d.y., C.Y. Tung and Sanko S.S. have exited the Suezmax market over the course of the last ...

Nordic American Tankers (NAT) announced the expansion of its fleet on Friday as it agreed to buy a 2016-built vessel from a ...

A tanker controlled by Greek owner Enesel is importing the first Algerian crude for Nigeria's giant Dangote refinery. Oil ...

CEO Herbjorn Hansson said, “As previously communicated, we recently acquired a Sungdong (South-Korea) built suezmax tanker from a first-class ...

Dynacom Tankers and Polembros Shipping begin receiving newbuild tankers after major investments in recent years ...

The transportation of Iranian oil to China is increasingly relying on smaller, more agile tankers, as US sanctions continue ...

Dear Shareholders and Investors, As previously communicated, we recently acquired a Sungdong (South-Korea) built suezmax tanker from a first-class owner. The vessel is expected to be delivered to NAT ...

The shift is likely due to their ability to discharge oil at shallower Chinese berths. Read more at straitstimes.com.

As part of their ongoing strategy to enhance growth, NAT has agreed to purchase a 2016-built suezmax tanker for a price in the mid/high $60 million range, and has successfully sold a 2003-built ...

Potential upside exists if VLCC and Suezmax rates increase, driven by geopolitical factors and inefficient trading patterns, potentially pushing the stock price to $40. Main risks include economic ...

Our VLCCs were at $38,500 and our Suezmax is at $39,500. We report adjusted EBITDA of $37 million, adjusted net profit of $13 million and adjusted earnings per share of $0.41. Continuing to ...