Nordic American Tankers Reports Strong Spot Market Fixtures for Suezmax Vessels

Reuters12-12

Nordic American Tankers Reports Strong Spot Market Fixtures for Suezmax Vessels

Nordic American Tankers Limited reported strong market conditions for its suezmax vessels, highlighting several recent spot fixtures with major oil companies. The company disclosed fixture rates including a more than 40-day charter at a Time Charter Equivalent (TCE) of approximately $52,000 per day, a 33-day fixture at about $78,000 per day, a 50-day voyage at around $95,000 per day, a 50-day fixture at $37,000 per day, and a voyage of over 30 days at a TCE of about $65,000 per day. The operating costs for the company's ships are approximately $9,000 per day. The company cited a scarcity of vessels as a factor supporting high charter rates.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nordic American Tankers Limited published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 1001144602) on December 12, 2025, and is solely responsible for the information contained therein.

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