UPDATE 1-Nordic American Tanker posts Q3 loss; cuts dividend
* Q3 loss $0.28 per share
* Dividend cut to $0.10/shr
* Weak spot tanker markets hurt results
Nov 9 (Reuters) - Nordic American Tanker Shipping Ltd (NAT.N: 株価, 企業情報, レポート) posted a quarterly loss and slashed its quarterly dividend by 80 percent, as weakness in the spot freight market for oil tankers continue to be a challenge.
The company lowered its third-quarter dividend to 10 cents a share from 50 cents a share in the second quarter.
However, the company said there were signs of a positive development in the freight market for the fourth quarter.
The average daily rate for the company's spot vessels was $14,075 per day net during the third quarter, compared with $26,300 per day for the second quarter.
Thirteen of the company's 14 vessels operate on the spot market. 続く...
