“As previously communicated, the fourth quarter of 2016 is turning out well,” said Herbjørn Hansson, chairman & ceo of NAT in a letter to shareholders.
He said the company had a cash breakeven point of below $11,000 per day per vessel while in Q4 cash results were expected to be $20,000 per day per vessel.
Looking at vessels on short-term contracts Hansson said: “So far, the first quarter of 2017 has started off well with a strong tanker market.”
The company’s fleet of suezmaxes will grow to 30 in February next year with the delivery of its latest vessel, which already has employment.
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