- As a result of the pandemic, oil demand cratered to levels we have not seen in decades.
- Nordic American Tankers were given a golden opportunity.
- The massive and growing crude glut has quickly filled onshore storage facilities to capacity.
- The result has been a massive surge in demand for vessels to act as floating storage.
- Nordic American operates a fleet of 23 Suezmax vessels.
- Nordic American makes its money by moving crude oil from where it is produced to where it will be refined.
- Nordic...
https://mfame.guru/nordic-american-tankers-emerges-as-winner-amid-covid-19-oil-glut/