When You’re Good, You’re Good

One of the most respected public shipping companies, Nordic American Tanker Shipping, also chose not to be left out of this veritable run on the capital markets. The company, which specializes in Suezmax tankers, is perhaps most highly respected for its disciplined approach to the market and for eschewing debt. Consequently, its balance sheet is pristine, with cash on hand of $88.3 million and an unutilized credit facility of $500 million.

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