Nordic American Tankers (NAT) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Nordic American Tankers (NAT)

NAT 3.675

-0.9%

3:59 PM EDT

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Lahcim Leinad	10/10/2011 9:23:16 PM
	of 52

Shipping may be “relatively close” to a bottom, Wilbur Ross, the billionaire chairman of private-equity firm WL Ross & Co., said in an interview in August. He was part of a group who spent $900 million on oil-product tankers last month. Daily returns from the vessels in the spot market averaged $11,372 in the third quarter, the lowest since at least 1997, according to Clarkson. From: Most Tankers Idled Since ‘80s Won’t Buoy Charter Rates: Freight - Businessweek $11, 372 is above NAT's break even, and they smartly managed to add two affordable suezmax double hulled vessels in that same dismal quarter.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next