Nordic American Tankers has closed "a very good year" with a loss in the final quarter.

New York-listed NAT lost $1.8m in the last three months of 2016. It marks the suezmax owner's second successive quarter in the red after a $7.6m loss logged between the end of June and the close of September.

While Wall Street had been expecting a loss for the quarter, the two cents per share figure was a penny more than analysts had forecast.

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