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Nordic American Tankers (Nordic American Tankers) Average Age of Fleet in Years : 0.00 (As of Sep. 2023)


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What is Nordic American Tankers Average Age of Fleet in Years?

Average Age of Fleet in Years indicates the average age of fleet of this coompany. Companies with a higher average age of fleet may need to spend more on buying new ships, which reduces cash position in the future. Usually it reflects that the company has financial problems and failed to buy new fleets. Under rare situations it reflects good maintenance for existing fleets and extending their life.

The historical rank and industry rank for Nordic American Tankers's Average Age of Fleet in Years or its related term are showing as below:

NAT's Average Age of Fleet in Years is not ranked *
in the Transportation industry.
Industry Median:
* Ranked among companies with meaningful Average Age of Fleet in Years only.

Nordic American Tankers Average Age of Fleet in Years Historical Data

The historical data trend for Nordic American Tankers's Average Age of Fleet in Years can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Nordic American Tankers Average Age of Fleet in Years Chart

Nordic American Tankers Annual Data
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Average Age of Fleet in Years
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Fleet Operating Days #
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Nordic American TankersQuarterly Data
Trend Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Average Age of Fleet in Years
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Competitive Comparison of Nordic American Tankers's Average Age of Fleet in Years

For the Marine Shipping subindustry, Nordic American Tankers's Average Age of Fleet in Years, along with its competitors' market caps and Average Age of Fleet in Years data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Nordic American Tankers  (NYSE:NAT) Average Age of Fleet in Years Explanation

Companies with a higher average age of fleet may need to spend more on buying new ships, which reduces cash position in the future. Usually it reflects that the company has financial problems and failed to buy new fleets. Under rare situations it reflects good maintenance for existing fleets and extending their life. Companies with a lower average age of fleet may also have a higher depreciation.

According to the data from statista.com, as of 2020, the average age of all ships in the world merchant fleet was just over 20 years. General cargo ships were the oldest type of vessels with an average age of around 26 years; likewise, over 65 percent of the world's cargo ships were older than 14 years, in contrast with over 18 percent of bulk carriers.


Nordic American Tankers Average Age of Fleet in Years Related Terms

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Nordic American Tankers (Nordic American Tankers) Business Description

Traded in Other Exchanges
Address
26 Victoria Street, Swan Building, Hamilton, BMU, HM 12
Nordic American Tankers Ltd owns and operates double hull crude oil tankers. It is an international tanker company that owns double-hull Suezmax tankers. It operates vessels in the spot market or on spot market-related charters pursuant to cooperative arrangements with third parties. The company's fleet consists of crude oil tankers, and all of its vessels are employed in the spot market. The company has only one type of vessel - Suezmax crude oil tankers. It operates in markets that are very competitive and based mainly on supply and demand.