Nordic American Tankers reports a significant Q3 revenue boost, planning expansion amid economic uncertainties.

Nordic American Tankers Ltd (NAT) reported a $125 million net revenue increase from time-charter contracts in Q3 2024, with a net profit of $8.7 million, up from $7.5 million last year. NAT plans to expand its fleet and maintain a 4 cent per share dividend. The company has reduced emissions and maintained strong ties with major oil companies, though it faces uncertainties due to global economic and regulatory factors.

November 29, 2024
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