Nordic American Offers Both High Risk And High RewardRupert Hargreaves
One of the most depressed sectors in the market right now is the shipping sector. Beaten down by over capacity and falling day rates, the industry is quite literally struggling to keep its self afloat. That said, this does provide some opportunities but these come with a lot of risk. The most risky looking company right now is Nordic American Tanker Ltd (NYSE:NAT), a company that operates in the crude oil tanker market and has not been profitable since 2009.