In a January 7, 2020 message, it was informed about the first fixture of 2020 with a Time Charter Equivalent (TCE) in excess of $100,000 per day, says a press release published on their website.
Spot market fixtures
For reference, but not for accounting purposes, below is a list of our last spot market fixtures concluded up until the release of this message:
- Fixture 1: TCE $50,000 per day for 50 days
- Fixture 2: TCE $90,000 per day for 40 days
- Fixture 3: TCE $65,000 per day for 35 days
- Fixture 4: TCE $75,000 per day for 50 days
- Fixture 5: TCE $31,000 per day for 25 days
Vessel operating costs
- The operating costs of our vessels are about $8,000 per day per ship.
- The above fixtures illustrate the strong start of the first quarter 2020, that is well above the last quarter of 2019, on which we have provided guidance earlier.
- It is also good for the tanker market that China and USA seem to be coming to terms on expanding energy cooperation.
- In summary, the strong tanker market is continuing, far above the numbers for many years.
- The company will publish 4Q 2019 results February 17, 2020 and dividend declaration shall be on the same date.
- Going forward, there is scope for increased dividends compared with the last years.
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Source: NordicAmericanTankers
