Dear Shareholders and Investors,
Rates for our suezmax ships may change very quickly as communicated in the message below.
1) A few days ago we signed a contract for one of our suezmax vessels going via the Suez Canal from the West to the East – with planned discharge in China.
The net TC rate to us is about USD 17,000 per day for 40 days which could extend to 60 days.
Nordic American Tankers (NYSE:NAT) shares experienced unusual options activity on Friday. The stock price moved down to $2.79 following the option alert.
There’s a good chance shares of Nordic American Tankers Limited (NYSE: NAT) will stage some type of rebound: the stock is oversold and at support.
Support is a large concentration of buyers who are trying to pay the same price for their stock. In this case, the level is $2.85.
Companies Reporting Before The Bell
• Elbit Systems (NASDAQ:ESLT) is likely to report quarterly earnings at $1.40 per share on revenue of $1.10 billion.