Nordic American Tankers (NAT) reported their Q2 2025 results earlier this week. Results included
- Q2 2025 div of 10c/sh
- Acquisitions delivered, a pair of vessels have exited (vessel count stays at 20)
- TCE daily $26880
- Rev of $40.2M
- Loss of $852K
https://ml-eu.globenewswire.com/Resource/Download/5b773198-85dd-4269-9c89-9847a0e241bf
NAT does have some vessels on time-charter. The company does not break-out the time-charter rate. But, one can still look at the overall avg and compare the rate to other Suezmax owning rivals.
NAT $26880
INSW $36800
FRO $38900
TNK with older Suezmax vessels would probably have a better peer for comparison. But TNK provided a fleetwide rate that appeared to be under $30K daily. NAT’s cash position is stronger currently, and NAT also has some unencumbered vessels
[Edit: I found a SeekingAlpha article with the TNK Suezmax avg. It was $33,080 daily]