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Top News In நோர்டிக் அமெரிக்கன் டேங்கர்கள் Today - Breaking & Trending Today

Nordic American Tankers Ltd Says 2020 Was A Good Year, As It Anticipates Good Market Prospects

During 2020 we distributed $67.2 million in cash dividends and repaid our existing loans with a gross amount of $75.5 million. The first half of 2020 was a strong period for NAT The third quarter of 2020 came out positively with a timecharter equivalent of about $25,000 per day per ship The fourth quarter of . ....

United States , Nordic American Tankers Ltd , Nordic American Tankers , ஒன்றுபட்டது மாநிலங்களில் , நோர்டிக் அமெரிக்கன் டேங்கர்கள் லிமிடெட் , நோர்டிக் அமெரிக்கன் டேங்கர்கள் ,

Shipping stocks are suddenly revving up across the board | Hellenic Shipping News Worldwide


Shipping stocks are suddenly revving up across the board
Tanker spot rates are horrible. Rates for gas carriers have fallen off a cliff. Only container shipping is booming. But you wouldn’t know that by looking at ocean shipping stocks. Across every shipping sector, stocks are up double digits in February.
“Shipping stocks have been on a tear for the past several weeks,” said Clarksons Platou Securities analyst Omar Nokta during a Capital Link-sponsored virtual event on Tuesday.
“We’ve gotten used to seeing pockets [of activity] for tankers or pockets for dry bulk. But we haven’t seen this type of interest across the board in a while,” said Nokta. ....

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Costamare Inc. (NYSE:CMRE), (CTRM) - Shipping Stocks Are Suddenly Revving Up Across The Board


Matson (NYSE: MATX) and
(Chart: Koyfin)
The ‘retail horde theory
Why has the broader shipping-stock space revved up in February when rates for most non-container segments have not?
One theory particularly in the wake of the
GameStop (NYSE: GME) stock spike in late January is that the retail horde has alighted on shipping stocks. It happened before, in April 2020, when traders on retail platform Robinhood ran up the stock of
Nordic American Tankers (NYSE: NAT). If it s happening again, this month s price gains could be fleeting.
Evidence for this theory: Micro-cap shipping stocks favored by day traders are performing exceptionally well. Robinhood restricted trading in various stocks amid the GameStop frenzy. One of them was ....

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Ocean Yield ASA Reports Fourth Quarter Adjusted Net Profit of $21.6 Million | Hellenic Shipping News Worldwide


Ocean Yield ASA Reports Fourth Quarter Adjusted Net Profit of $21.6 Million
Ocean Yield ASA announces results for the fourth quarter and preliminary results for the year ending 31st December 2020.
Highlights
The Board of Directors has declared a dividend of USD 5.30 cents per share. This is an increase of USD 0.15 cents compared to the previous quarter and is the 30th consecutive quarterly dividend declared by the Company.
EBITDA for Q4 2020 was USD 46.3 million and EBITDA adjusted for finance lease effects was USD 67.6 million.
Net profit for the period Q4 2020 was negative USD 51.7 million. Adjusted net profit from continuing operations for Q4 2020 was USD 21.6 million. ....

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