Thursday, July 23, 2026
To our shareholders and other friends,
The market for our ships is exceptionally good, and we believe it will continue at least for a year or two.
We have seen geopolitical affairs in the past, but the magnitude of present events related to the global energy picture is unprecedented.
As always there are so-called “experts” and analysts, making a living from out of having opinions about what is going to happen next. Many of them have been wrong for some time, and some of them have been wrong all the time. These experts don’t own ships and they don’t trade oil. We, in Nordic American, put our money where our mouth is.
Important points 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 Strait is open or not.
3) Three NAT ships were trapped in the Arabian Gulf since February 28, 2026.
4) We succeeded in getting the three ships from out of the Arabian Gulf and they are now trading worldwide.
5) One of our ships encountered attacks in the Black Sea a few days ago. Fortunately, the crew was safe and the ship only suffered minor damage. The vessel is now out of the Black Sea area.
6) There is no insurance issues of importance related to our unwilling stay in the Arabian Gulf or the Black Sea. We do not trade our ships in the Red Sea.
7) Over the last five years our ships have loaded/discharged in 68 countries.
8) More than 50% of the NAT business is with the largest oil companies in the world. Our experience with
Major Oil
is excellent.
9) The biggest room in the world is the room for improvement.
All the best!
For further information on Nordic American Tankers. Please see our web page
www.nat.bm
Sincerely,
Herbjorn Hansson
Founder, Chairman & CEO
Nordic American Tankers Ltd.
www.nat.bm
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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Nordic American Tankers Highlights Strong Suezmax Market and Safe Return of Vessels from Arabian Gulf and Black Sea
Nordic American Tankers reports strong market conditions for ships and outlines recent operational updates and incident reports.
Quiver AI Summary
Nordic American Tankers has reported a strong market for its ships, particularly due to a scarcity of vessels and high rates for their one-million-barrel suezmaxes, which are expected to last at least another year or two. Despite geopolitical challenges, including recent tensions and incidents, such as three ships being trapped in the Arabian Gulf and a recent minor attack on a vessel in the Black Sea, the company has successfully managed these situations. The crew remains safe, and there are no significant insurance concerns. Over the past five years, the company has operated in 68 countries and maintains strong relationships with major oil companies, accounting for more than half of its business. The CEO, Herbjorn Hansson, emphasizes optimism about future performance and the potential for improvement in their operations.
Potential Positives
Potential Negatives
FAQ
What is the current market outlook for Nordic American Tankers?
The market for Nordic American Tankers' ships is exceptionally good and expected to continue for at least a year or two.
How many ships does Nordic American Tankers have?
Nordic American Tankers operates a fleet that includes one-million-barrel suezmaxes, though specific fleet numbers are not detailed.
Have there been any recent incidents involving Nordic American Tankers' ships?
Yes, one ship encountered attacks in the Black Sea recently, but the crew was safe, and damage was minor.
Which regions do Nordic American Tankers operate in?
Nordic American Tankers has loaded and discharged in 68 countries over the last five years, but does not operate in the Red Sea.
Who are Nordic American Tankers' main clients?
Over 50% of Nordic American Tankers' business is with some of the largest oil companies in the world, with excellent experience reported.
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 77 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
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 23, 2026
To our shareholders and other friends,
The market for our ships is exceptionally good, and we believe it will continue at least for a year or two.
We have seen geopolitical affairs in the past, but the magnitude of present events related to the global energy picture is unprecedented.
As always there are so-called “experts” and analysts, making a living from out of having opinions about what is going to happen next. Many of them have been wrong for some time, and some of them have been wrong all the time. These experts don’t own ships and they don’t trade oil. We, in Nordic American, put our money where our mouth is.
Important points 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 Strait is open or not.
3) Three NAT ships were trapped in the Arabian Gulf since February 28, 2026.
4) We succeeded in getting the three ships from out of the Arabian Gulf and they are now trading worldwide.
5) One of our ships encountered attacks in the Black Sea a few days ago. Fortunately, the crew was safe and the ship only suffered minor damage. The vessel is now out of the Black Sea area.
6) There is no insurance issues of importance related to our unwilling stay in the Arabian Gulf or the Black Sea. We do not trade our ships in the Red Sea.
7) Over the last five years our ships have loaded/discharged in 68 countries.
8) More than 50% of the NAT business is with the largest oil companies in the world. Our experience with Major Oil is excellent.
9) The biggest room in the world is the room for improvement.
All the best!
For further information on Nordic American Tankers. Please see our web page www.nat.bm
Sincerely,
Herbjorn Hansson
Founder, Chairman & CEO
Nordic American Tankers Ltd. www.nat.bm
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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