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Nordic American Tankers Reports Strong Suezmax Market, Freeing Three Ships from the Arabian Gulf

Nordic American Tankers reports high shipping rates, successful vessel recovery, and consistent business with major oil companies.

Quiver AI Summary

On July 14, 2026, Nordic American Tankers' CEO Herbjorn Hansson shared insights following a live CNBC interview. He highlighted the current shipping landscape, noting a scarcity of ships that keeps rates for their one million barrel suezmax tankers high, which is expected to persist for a year or two. Despite the complexities of the Strait of Hormuz, NAT's situation remains stable as three ships previously trapped in the Arabian Gulf since February have been successfully released and are now trading globally. The company has experienced no significant insurance issues during this period. With a notable client base that includes major oil companies, NAT emphasizes continuous improvement and vigilance for unforeseen challenges in the market. For more information, Hansson encouraged interested parties to visit their website.

Potential Positives

  • The CEO's live interview on CNBC enhances visibility and credibility for Nordic American Tankers.
  • There is a continual high demand for the company's Suezmax tankers, indicating a strong financial outlook.
  • Successfully freeing three ships from the Arabian Gulf demonstrates operational capability and reliability.
  • More than 50% of the company's business comes from major oil companies, indicating strong partnerships and market position.

Potential Negatives

  • Three NAT ships were trapped in the Arabian Gulf for an extended period, raising concerns over operational efficiency and potential vulnerabilities in crisis management.
  • The mention of continuously looking for a "Black Swan" event suggests a heightened awareness of unpredictable risks that could negatively impact the company's stability.

FAQ

What were the key points from the recent CNBC interview with Nordic American Tankers CEO?

The interview highlighted the scarcity of ships, high rates for suezmaxes, and the successful retrieval of three NAT ships from the Arabian Gulf.

How does the current situation in the Strait of Hormuz affect Nordic American Tankers?

The situation for NAT remains unchanged regardless of whether the Hormuz is open or closed, focusing on operational continuity.

How many countries have Nordic American Tankers operated in over the past five years?

Over the last five years, Nordic American Tankers has loaded and discharged in 68 countries globally.

What percentage of Nordic American Tankers' business involves large oil companies?

More than 50% of Nordic American Tankers' business is conducted with the largest oil companies in the world.

Where can I find more information about Nordic American Tankers?

You can visit the Nordic American Tankers website at www.nat.bm for further information and updates.

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.


$NAT Hedge Fund Activity

We have seen 124 institutional investors add shares of $NAT stock to their portfolio, and 75 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

Tuesday, July 14, 2026

To our friends,

I was interviewed live yesterday, Monday July 13 by CNBC. The interview is on the link below.

https://www.cnbc.com/video/2026/07/13/nordic-american-tankers-ceo-we-are-not-sending-any-tankers-back-through-the-strait-of-hormuz.html

Points of interest for Nordic American Tankers now:

  1. There is a scarcity of ships and rates for our one million barrel suezmaxes stay very high. We expect this to continue at least for a year or two.
  2. The situation for NAT is the same whether the Hormuz is open or not.
  3. Three NAT ships were trapped in the Arabian Gulf (AG) since February 28, 2026.
  4. We succeeded in getting the three ships out of the Arabian Gulf and they are now trading worldwide.
  5. There is no insurance issues of importance related to our unwilling stay in the AG.
  6. Over the last five years our ships have loaded/discharged in 68 countries.
  7. More than 50% of the NAT business is with the largest oil companies in the world. Our experience with Major Oil is excellent.
  8. Whilst rates are very strong, we are always looking for the Black Swan. Is there anything we have not seen?
  9. The biggest room in the world is the room for improvement.
  10. We must be better today than yesterday and tomorrow we must be better than today.

All the best!

For further information on Nordic American Tankers. Please see our web page www.nat.bm

The above link and message can also be found on our web page under the "In the News"-section.

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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