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November 14, 2023
Dear Shareholders and Investors,
Below are the 6 most recent spot fixtures, showing the level of the market for our suezmax ships. All numbers are approximations.
Vessel fixed to International Oil Major for a voyage of more than 30 days. The Time Charter Equivalent (TCE) is about $40,000/day.
Vessel fixed to a Major Oil Trader for a voyage of more than 30 days. The TCE is about $75,000/day.
Vessel fixed to a European Oil Major for a voyage of more than 40 days. The TCE is about $50,000/day.
Vessel fixed to an International Oil Major for a voyage of about 35 days. The TCE is about $55,000/day.
Vessel fixed to an Oil Company for a short voyage of about 10 days. The TCE is about $65,000/day.
Vessel fixed to an Oil Company for a short voyage of about 10 days. The TCE is about $90,000/day.
The numbers above give a picture of the current market level.
The operating costs for our ships are about USD 9,000 per day.
Sincerely,
Herbjorn Hansson
Founder, Chairman & CEO
Nordic American Tankers Ltd.
Nordic American Tankers Ltd, press release
