Nordic American Tankers Limited · NYSE:NAT
Nordic American Tankers — Investor Presentation (March 2021)
12 slides from Nordic American Tankers's investor presentation, Mar 26, 2021
Slide 1: Weekly Tanker Rates
Weekly Tanker Rates By Jørn Bakkelund, Senior analyst Oslo 26 March 2021
Slide 2: Tanker Market Earnings
Tanker Market Earnings Time charter equivalents – Single voyages in US$ k/d 2020 ytd 2021 ytd Last week This week Crude carriers: VLCC 73.7 6.6 3.0 9.0 Suezmax 50 8.2 10.9 17.5 Aframax 34.8 7.7 15.8 17.4 Clean carriers: LR2 27.7 11.1 13.2 21.4 LR1 22.4 10.2 13.1 14.6 MR 23.6 8 9.7 10.6 Estimates bas
Slide 3: TC Results for Crude Carriers
TC Results for Crude Carriers Avg TC results in US$ k/d for crude carriers 2012- 2021 Weekly TC results in US$ k/d for crude carriers 70 65 250.0 60 55 50 200.0 45 40 150.0 35 30 100.0 25 20 15 50.0 10 5 0.0 0 Mar Apr May Jun Jul Aug SepOct Nov Dec Jan Feb Mar 2013 2014 2015 2016 2017 2018 2019 2020
Slide 4: TC Results for Clean Carriers
TC Results for Clean Carriers Avg TC results in US$ k/d for clean carriers 2012- 2021 Weekly TC results in US$ k/d for clean carriers 40 180.0 35 160.0 30 140.0 25 120.0 100.0 20 80.0 15 60.0 10 40.0 20.0 5 0.0 0 Mar Apr May Jun Jul Aug SepOct Nov Dec Jan Feb Mar 2013 2014 2015 2016 2017 2018 2019 2
Slide 5: 5.5% of Tankers Fleet Is Currently Used for Floating Storage
5.5% of Tankers Fleet Is Currently Used for Floating Storage Weekly no of tankers 120 600 Aframax Crude Tankers Storage Suezmax Tankers Storage UL/VLCC Tankers Storage No. of VLCC, Suezmax and Aframax 100 500 Tanker >=10K dwt Storage (RH Axis) Product Tankers 10k+ dwt Storage (RH Axis) No of tankers
Slide 6: Scrubbers on Tankers March – in number of ships
Scrubbers on Tankers 26 March – in number of ships Scrubber by size 22.9% of total tanker fleet will have scrubbers 450 In service, already fitted 400 45.9%* In service, reported for retrofit On order On order, 350 35 In service, 92 24 300 18.7% reported 21 for retrofit, 250 19 99 200 32.5% 17 150 3
Slide 7: Bunker Prices 25th March 2021
Bunker Prices 25th March 2021 Historical and future prices, Singapore 1400 MGO bunker prices, Singapore 600 380cst bunker prices, Singapore 1300 Differential VLSFO, Singapore 1200 500 1100 1000 400 900 800 $/tonne 700 300 Gasoil 10ppm 0.50% Sulphur HFO 600 380 cst 3.5% HFO Differential 10 ppm Gasoil
Slide 8: Tankers Deliveries March
Tankers Deliveries 26 March Monthly data in mm dwt mmdwt / no 2018 2019 2020 2021 200,000 + 12.1 / 39 21.1 / 68 11.3 / 37 2.8 / 9 9.0 125-199,999 5.0 / 32 4.0 / 26 4.5 / 30 1.9 / 12 8.0 80-124,999 5.6 / 50 5.9 / 53 2.0 / 18 1.3 / 12 60-79,999 1.0 / 13 1.0 / 13 0.5 / 8 0.1 / 1 7.0 10-59,999 4.6 / 149
Slide 9: Tankers Sold For Recycling March
Tankers Sold For Recycling 26 March Monthly data in mm dwt mmdwt / no 2018 2019 2020 2021 200,000 + 9.2 / 31 1.1 / 4 1.2 / 4 0.0 / 0 4.5 120-199,999 3.5 / 24 0.8 / 6 0.4 / 3 0.2 / 1 4.0 80-119,999 4.7 / 46 0.1 / 1 1.0 / 10 0.5 / 5 60-79,999 0.8 / 11 0.1 / 1 0.1 / 2 0.0 / 0 3.5 10-59,999 2.2 / 64 1.2
Slide 10: New Orders Of Tankers March
New Orders Of Tankers 26 March Monthly data in mm dwt mmdwt / no 2018 2019 2020 2021 12.0 200,000 + 14.4 / 47 10.7 / 35 9.3 / 31 6.9 / 23 125-199,999 2.8 / 18 5.2 / 33 4.5 / 29 0.0 / 0 10.0 80-124,999 2.4 / 21 5.6 / 49 3.6 / 31 0.5 / 4 60-79,999 0.4 / 6 0.0 / 0 0.0 / 0 0.0 / 0 10-59,999 4.5 / 115 4.
Slide 11: Disclaimer
Disclaimer Clarksons Platou This report (including any future rates and/or forward-looking statements contained herein) are prepared by Clarksons Platou AS for general information purposes and for the recipient’s internal use only. This report is based solely on publicly available information. The r
Slide 12: Thank you
Thank you Clarksons Platou Munkedamsveien 62C 0270 Oslo, Norway www.clarksons.com Weekly| By Rates Bakkelund, analyst Tanker Jørn Senior 12
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