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