Nordic American Tankers has reported “exceptional conditions” in the crude tanker market, detailing recent spot fixtures with daily earnings up to 200,000 USD and most voyages above 60–70,000 USD per day. These figures reflect a broader boom in the tanker segment, driven by war‑related risk and disruption on key oil routes, as evidenced by high time‑charter equivalent rates at other tanker operators and market analysis.
As of September 15, 2026, Nordic American Tankers (NAT) released a market update describing conditions for its Suezmax fleet as “exceptional” and disclosing recent spot fixtures that highlight the strength of current charter rates. The company cited examples of voyages generating about 183,000 USD per day on a 31‑day fixture and roughly 200,000 USD per day on a 60‑day voyage, alongside several trades with time‑charter equivalent (TCE) earnings in the 60,000–98,000 USD per day range. With operating costs below 10,000 USD per ship per day, NAT underlined the extraordinary cash generation potential. Supporting evidence comes from International Seaways, where blended spot TCE rates have averaged 79,000 USD per day compared with 27,500 USD a year earlier, confirming that the upswing in earnings is industry‑wide rather than company‑specific. A market blog from Zacks further highlights a dramatic rally in tanker‑linked ETFs driven by underlying freight rate strength.
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