Higher rates push NAT to quarterly profit
The owner of 23 suezmaxes saw a $16.1m improvement in profits from the fourth quarter 2018 as it enjoyed 30% higher average time charter rates in the first quarter. The company said its $5.6m profit this quarter is a strong start to a year it expects to be better than 2018 as the tanker market benefits from refinery adjustments ahead of 2020
NAT expects to benefit from refinery adjustments taking place this year
If content does not display, please refresh your browser.
Not a subscriber?
Find out about tailored subscription packages:
T: +44 (0) 20 3377 3792
Request a Demo Getting a demo tailored to your needs is the best way to see how our solutions will help you gain an advantage.
Register for our free email digests: