Nordic American Tankers Signs 5-Year Time Charter Contract With Major Energy Firm, Starting November 2024
Portfolio Pulse from Benzinga Newsdesk
Nordic American Tankers (NAT) has signed a 5-year time charter contract with a major energy firm, starting in November 2024. The rate is in the mid-high 30's.
October 15, 2024 | 10:44 am
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Nordic American Tankers has secured a long-term contract with a major energy firm, which is expected to provide stable revenue starting November 2024.
The 5-year contract with a major energy firm provides long-term revenue visibility for NAT, which is positive for its financial stability and stock price. The rate in the mid-high 30's suggests favorable terms.
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