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Nordic American Tankers Reports Three Ships Safely Cleared the Arabian Gulf and Rejoined International Trade

Nordic American Tankers reports three previously stuck ships now operating, with crews safe and strong market conditions.

Quiver AI Summary

On July 2, 2026, Nordic American Tankers announced to shareholders that three of its ships, which had been stuck in the Arabian Gulf since February 28, are now back in operation after passing through the Hormuz Strait. The company reported that its crews are safe and highlighted favorable market conditions for their vessels. Founder and CEO Herbjorn Hansson expressed satisfaction with the current situation and directed interested parties to their website for further information. For any inquiries, shareholders can contact CFO Bjørn Giæver or Finance Manager Alexander Kihle.

Potential Positives

  • All ships are now operational again and involved in international business, indicating a resolution to the previous issues.
  • The safety of the crew has been ensured, which is crucial for maritime operations and reflects well on the company's management.
  • Excellent market conditions for the ships suggest potential for increased profitability and growth.

Potential Negatives

  • The prolonged issue of having 3 ships stuck in the Arabian Gulf for multiple months could raise concerns about the company's operational efficiency and crisis management capabilities.
  • The timing of the problems beginning in February and lingering well into July may reflect poorly on the company's ability to navigate challenges in a timely manner.
  • While the crews are reported safe, the incident may impact investor confidence regarding the safety and reliability of the company's operations.

FAQ

What recent challenges faced Nordic American Tankers?

Three ships were stuck in the Arabian Gulf starting February 28, 2026.

Are the crews of the ships safe?

Yes, all crews on the vessels are safe.

What is the current status of the stuck vessels?

The vessels have successfully passed through the Hormuz Strait and resumed international business.

How is the market condition for Nordic American Tankers?

The company reports excellent market conditions for its ships.

Where can I find more information about Nordic American Tankers?

Further information can be found at www.nat.bm.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.


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$NAT Hedge Fund Activity

We have seen 124 institutional investors add shares of $NAT stock to their portfolio, and 76 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

  • NUVEEN, LLC added 4,530,996 shares (+1002.6%) to their portfolio in Q1 2026, for an estimated $26,891,461
  • CENTERBOOK PARTNERS LP removed 3,700,409 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $21,961,927
  • AMERICAN CENTURY COMPANIES INC removed 1,816,564 shares (-31.0%) from their portfolio in Q1 2026, for an estimated $10,781,307
  • AMERIPRISE FINANCIAL INC added 1,704,688 shares (+26.0%) to their portfolio in Q1 2026, for an estimated $10,117,323
  • UBS GROUP AG removed 1,105,846 shares (-57.3%) from their portfolio in Q1 2026, for an estimated $6,563,196
  • MILLENNIUM MANAGEMENT LLC removed 1,089,475 shares (-46.3%) from their portfolio in Q1 2026, for an estimated $6,466,034
  • MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. removed 977,535 shares (-17.6%) from their portfolio in Q1 2026, for an estimated $5,801,670

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

Full Release

Thursday, July 2, 2026

Dear Shareholders and Investors,

We have had 3 ships stuck in the Arabian Gulf. The problems started February 28 this year.

These vessels have now gone through the Hormuz Strait and are again involved in international business.

Our crews are safe.

We enjoy excellent market conditions for our ships.

I am very pleased to send you this report.

For further information on Nordic American Tankers, please see

www.nat.bm


Sincerely,

Herbjorn Hansson
Founder, Chairman & CEO
Nordic American Tankers Ltd.

Contacts:

Bjørn Giæver, CFO
Nordic American Tankers Ltd
Tel: +1 888 755 8391

Alexander Kihle, Finance Manager
Nordic American Tankers Ltd
Tel: +47 91 724 171



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