Nordic American Tankers Ltd (NYSE: NAT) – Doubling of the dividend in the first quarter 2020

Hamilton, Bermuda, March 24, 2020
On March 17, 2020 we indicated that the dividend for the fourth quarter 2019 could be expected to double in 1Q 2020. The timecharter for our fleet in 1Q 2020 will be about $45,000/day per ship. NAT has 23 suezmaxes. Operating costs are $8,000/day per ship.

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