Nordic American Tankers Secures New Contracts, Boosts Cash & Dividend

Nordic American Tankers Ltd announced several recently concluded contracts, which are expected to strengthen the company's cash position and positively impact its ability to pay dividends. The company highlighted that its vessel operating costs are below $10,000 per day. The new contracts include various terms, such as $150,000 over 60 days and $75,000 per day over 65 days in March, $198,000 over 68 days in April, and two May contracts for $75,000 over 300 days and $95,000 over 70 days.