Herbjorn Hansson's Nordic American Tankers (NAT) has said a stronger tanker market this year will likely mean higher pay-outs to investors.
The US-listed suezmax company logged net earnings in the final quarter of 2019 of $12.7m, turning around a loss of $10.5m in the same period of 2018.
Revenue was up at $58.82m from $44.19m.
It announced its 90th consecutive quarterly dividend of $0.07