Nordic American Tanker traded at $5.51 this Thursday May 14th, decreasing $0.09 or 1.61 percent since the previous trading session. Looking back, over the last four weeks, Nordic American Tanker lost 6.45 percent. Over the last 12 months, its price rose by 102.57 percent. Looking ahead, we forecast Nordic American Tanker to be priced at 5.66 by the end of this quarter and at 4.95 in one year, according to Trading Economics global macro models projections and analysts expectations.
Nordic American Tankers Limited is an international tanker company. The Company's fleet consists of approximately 23 Suezmax crude oil tankers. It operates its vessels either in the spot market or on shorter-term time charters. Its tankers operating in the spot market are chartered for a single voyage. The vessels in the Company's fleet are homogenous and interchangeable. The Company's vessels include Nordic Light, Nordic Cross, Nordic Luna, Nordic Castor, Nordic Sirius, Nordic Pollux, Nordic Star, Nordic Space, Nordic Aquarius, Nordic Cygnus and Nordic Tellus. Its subsidiaries include Scandic American Shipping Ltd., NAT Chartering Ltd. and NAT Bermuda Holdings Limited.