Nordic American Tanker Limited operates in the Deep sea foreign trans. of freight sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Nordic American Tanker Limited with three other
freight shipping companies in North America:
Navios Maritime Acquisition Corporation
of UNITED STATES
(2020
sales of $361.44 million
of which 100%
was marine transportation services),
Dorian Lpg Ltd
of UNITED STATES
($333.43 million
of which 100%
was Transportation of Liquid Petroleum Gas), and
Genco Shipping & Trading Limited
which is
also
based in UNITED STATES
($355.56 million
of which 100%
was Transportation of drybulk cargoes).
Sales Analysis.
Sales levels dropped significantly in the first
quarter of 2021 versus the previous year's first quarter.
During the first
quarter of 2021, sales at Nordic American Tanker Limited totalled
48.00 million Bermudian Dollars.
This is a drop of 63.7%
from the 132.15 million Bermudian Dollars in sales at the company during the first quarter in 2020.
Nordic American Tanker Limited reported sales of 354.62 million Bermudian Dollars (US$354.62 million)
for the
year ending
December of 2020.
This
represents
an
increase of 11.8%
versus 2019, when the company's sales were 317.22 million Bermudian Dollars.
Sales of Time Charter Revenues saw an increase
that was more than double the company's growth rate: sales were up
135.0% in 2020, from
34.21 million Bermudian Dollars to 80.40 million Bermudian Dollars.
Not all segments of Nordic American Tanker Limited experienced an increase in sales in 2020:
sales of Spot Charter Revenues fell 3.1% to 274.22 million Bermudian Dollars.