After spending much of the past year at a four-star rank, Nordic American Tanker Shipping
With many investors expecting improvement in the shipping industry and Nordic American executing its growth plans, more CAPS members like the company's position to profit if the global economy improves.
Having the company's unconventional dividend policy indirectly influenced by spot market rates makes for variable dividends each quarter, but after dividend payouts were on the decline last year, they have been back on the rise in recent quarters. Peers Frontline
Although spot rates for Suezmax-size tankers are often volatile, Nordic saw a big jump in rates in the first quarter over prior quarters. It's also been seeing bright spots like an increase in westbound and eastbound sailings from the Middle East.
Some CAPS members believe Nordic American is in an advantaged position in the tanker industry. While a difficult dry bulk sector has sent some dry bulk shippers venturing into other sectors -- like DryShips'
Like peer General Maritime
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