Nordic American Tankers

Nordic American Tankers Ltd. operates as an international tanker company. It owns and operates Suezmax crude oil tankers. The company was founded by Herbjorn Hansson on June 12, 1995 and is headquartered in Hamilton, Bermuda.

Earnings data Q4 2020

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The crude tanker market remains strong due to limited supply and growing tonne-mile demand for crude oil transportation. FY23 NAT realized $262 million net voyage revenue, $127 million net operating income, and $98.7 million net income. The impressive results are due to improved TCE rates and stable OPEX. NAT has a 56% total debt-to-equity ratio and 38.8% total liabilities to total assets. The company has $31.1 million cash and $301 million total debt.

Nordic American Tankers: Bet On A Strong Suezmax Market For Dividend Seekers

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Crude oil recently hit a four-month high, with the International Energy Agency expecting a supply deficit through 2024. That view is based on the premise that OPEC maintains production cuts.

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Thursday, March 7, 2024   Dear Shareholders and Investors,   We have recently concluded the following fixtures: Nordic Castor (2004) was fixed to a Far Eastern Major for a voyage from Arabian Gulf to Singapore. The TCE is USD 34,000 over 30 days.

Nordic American Tankers Ltd (NYSE: NAT) – A snapshot of the present market conditions

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Thursday, February 29, 2024   Dear Shareholders and Investors,   Highlights:           In 2023, the Net Voyage Revenue for Nordic American Tankers Ltd (NAT) totaled $262.2 million. This is a remarkable improvement from 2022, when Net Voyage Revenue was $168.8 million.

Nordic American Tankers Ltd (NYSE: NAT) – Report as per December 31, 2023 – Dividend is up and solid prospects going forward

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Thursday, February 15, 2024   Dear Shareholders and Investors,   We have just published an article on our web page www.nat.bm under the heading "In the News". Please visit our web page www.nat.bm.

Nordic American Tankers Ltd (NYSE: NAT) – Founder, Chairman & CEO outlines the international reach of the NAT operations

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Nordic American Tankers: Suezmax Pure Play For Income-Minded Investors

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J Mintzmyer discusses the shipping sector, disruptions in the Red Sea, and investment opportunities. Tankers and containerships are the most impacted sectors, with rates surging and potential for a multi-year supercycle.

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A number of tanker stocks are well positioned to benefit from the fallout from the disruption to Red Sea shipping caused by the Houthi attacks on cargo ships, according to Evercore ISI.

These seven tanker stocks are set for upside amid Red Sea disruption, says Evercore

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While Nordic American Tankers reported seasonally weaker Q3 results, the company is expected to have finished 2023 on a high note. Q1 results could be even stronger with the addition of another Suezmax tanker and increased spot market exposure. With the Houthi attacks on vessels in the Red Sea unlikely to stop anytime soon, current tailwinds might continue into the seasonally weaker second and third quarters.

Nordic American Tankers - Prime Beneficiary Of Red Sea Chaos - Buy

Thursday, December 14, 2023   Dear Shareholders and Investors,   As we are approaching the end of the year, we enjoy a solid market, the best we have seen for decades. The last year has once again proven that our fleet of versatile Suezmax tankers is the right equipment for changing geopolitical circumstances.

Nordic American Tankers Ltd (NYSE: NAT) – Greetings for the Season

Thursday, November 30, 2023   Dear Shareholders and Investors,   Alexander Hansson, Board Member of Nordic American Tankers Ltd (NAT) and son of Herbjorn Hansson, the NAT Founder, Chairman and CEO, has today bought 100,000 shares in NAT at $3.93 per share. Following these transactions, Monaco based Alexander Hansson privately owns 2,250,000 shares in NAT.

Correction: Nordic American Tankers Ltd (NYSE: NAT) – Board Member Alexander Hansson buys more NAT shares

Nordic American Tankers Ltd (NYSE: NAT) –

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Wednesday, November 29, 2023   Dear Shareholders and Investors,   Highlights:              For decades, the experience is that uncertain times create demand for our ships. We see that there is a scarcity of tankers.

Nordic American Tankers Ltd (NYSE: NAT) – Report as per September 30, 2023 – The direction is up in a strong market

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News for Nordic American Tankers Stock (NAT)