Nordic American Tankers (NAT) announced yesterday the signing of a Letter of Intent with a South Korean shipyard to order two newbuild Suezmax, delivery in 2028.
In the first half of the year, NAT filed a shelf statement including a note on future offering to raise capital. Might be too close to earnings here to raise capital. But, sometime after results - maybe?
Small NAT position currently. But, I do favor NAT as a “trading fish”