Nordic American Tankers is gearing up for the expected tanker rally, which could be boosted by political unrest.
The Herbjorn Hansson-led suezmax tanker owner reported a $15m loss for the second quarter, alongside a 1-for-5 reverse stock split and a "sharpening" of its marketing efforts toward investors.
The company said the reverse split would be effective later this year and is intended to boost the share price from its $1.75
