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Nordic American Tankers Ltd (NYSE: NAT) – Comments on strong market and on Venezuela matters
Globenewswire· 2025-12-12 14:22
Market Overview - The market for suezmax vessels is currently strong due to a scarcity of vessels, leading to high charter rates [1] - Recent fixtures include a 40-day charter at approximately $52,000 per day, a 33-day charter at about $78,000 per day, and a 50-day voyage at around $95,000 per day [1] Operating Costs and Focus Areas - The operating costs for the company's ships are approximately $9,000 per day [2] - Venezuela is highlighted as a key area of interest due to its significant oil reserves, estimated to be about 17% of the world's total [2]
Okeanis Eco Tankers Corp. – Completion and pricing of USD 115 million offering of new common shares
Globenewswire· 2025-11-19 12:15
Core Viewpoint - Okeanis Eco Tankers Corp. has successfully priced an offering of 3,239,436 new shares at USD 35.50 per share, raising gross proceeds of approximately USD 115 million, driven by strong demand [1][2]. Group 1: Offering Details - The net proceeds from the offering will be partially used for the acquisition of two newbuilding Suezmax vessels, each priced at USD 97 million, currently under construction in South Korea [2]. - The offering is expected to be completed by November 21, 2025, with shares available for trading on the New York Stock Exchange after settlement [3]. - The offering complies with the equal treatment obligations under the Norwegian Securities Trading Act [4]. Group 2: Regulatory and Advisory Information - The offering is made pursuant to the Company's shelf registration statement declared effective by the SEC on May 21, 2025, and will be conducted via a prospectus supplement [5]. - Fearnley Securities AS and Clarksons Securities AS are acting as joint bookrunners for the offering [7]. Group 3: Company Overview - Okeanis Eco Tankers Corp. is a leading international tanker company specializing in the transportation of crude oil and refined products, with a fleet that includes six Suezmax tankers and eight VLCC tankers [11].