Suezmax crude oil tankers
Search documents
Nordic American Tankers (NAT) Surges Amid Boost for Shipping Industry
Yahoo Finance· 2025-10-21 06:12
Group 1 - The share price of Nordic American Tankers Limited (NAT) increased by 8.07% from October 10 to October 17, 2025, making it one of the top-performing energy stocks during that week [1] - Nordic American Tankers is a Bermuda-based company that specializes in operating Suezmax crude oil tankers [2] - The surge in NAT's stock price was influenced by the International Maritime Organization's decision to defer a vote on a global carbon pricing system for the shipping industry by one year, a plan that faced opposition from the U.S. and Saudi Arabia [3] Group 2 - President Donald Trump expressed strong opposition to the proposed global carbon tax on shipping, labeling it a "scam tax" and indicating that the U.S. would not comply with it [4]
Jim Cramer Shows Bearish Sentiment Toward Nordic American Tankers
Yahoo Finance· 2025-09-22 07:43
Group 1 - Nordic American Tankers Limited (NYSE:NAT) operates a fleet of Suezmax crude oil tankers and reported a Q2 2025 net loss of $0.9 million, a decline from a profit of $4.2 million in Q1 [1] - The company's net voyage revenue increased by 5.8% year-over-year to $40.15 million [1] - The average time charter equivalent (TCE) for the fleet rose to $26,880 per day from $24,714 in the previous quarter, with 14 out of 20 vessels operating in the spot market [1] Group 2 - There is a belief that certain AI stocks may offer greater upside potential and carry less downside risk compared to NAT [2] - The article suggests that there are extremely undervalued AI stocks that could benefit from Trump-era tariffs and the onshoring trend [2]