Nordic American Tankers comments on ‘strong’ market, Venezuela matters

The company said, “Below are the recent spot fixtures, showing the strong level of the market for our suezmax vessels. There is a scarcity of vessels, producing room for the high rates. All numbers are approximations. All fixtures are to major oil companies. Fixture of more than 40 days at a Time Charter Equivalent of about $52,000 per day. Fixture of about 33 days at a TCE rate of about $78,000 per day. Fixture for a 50-day voyage at about $95,000 per day. Fixture of about 50 days at a rate of about $37,000 per day. Fixture for a voyage of more than 30 days. The TCE is about $65,000 per day. The operating costs for our ships are about USD 9,000 per day. Venezuela is in focus. According to experts, Venezuela has about 17% of all oil reserves in the world. Our ships have not been in Venezuela for several years. The interest in Venezuela is probably the result of the oil reserves in that country. “