Press Releases July 2, 2026 10:20 AM

Nordic American Tankers Ltd (NYSE: NAT) – Our ships are out of the Arabian Gulf

Nordic American Tankers Announces Release of Ships from Arabian Gulf, Resumption of International Operations

By Priya Menon NAT

Nordic American Tankers Ltd reports that its three vessels previously stuck in the Arabian Gulf since February 28, 2026, have safely passed through the Hormuz Strait and resumed international business. The company highlights safe crew conditions and favorable market conditions for its shipping operations.

Nordic American Tankers Ltd (NYSE: NAT) – Our ships are out of the Arabian Gulf

NAT

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Key Points

Three vessels previously detained in the Arabian Gulf have been freed and are now operational internationally.
The safety of the crews aboard the vessels is confirmed, addressing a key shareholder concern.
The current shipping market conditions are described as excellent, supporting the company's operational outlook.

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

Risks

Geopolitical tensions in the Arabian Gulf region could disrupt shipping routes and future operations.
Potential volatility in the shipping market despite current favorable conditions, which may affect profitability.
Operational risks related to maritime logistics and crew safety in politically sensitive regions remain.

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Nordic American Tankers Ltd (NYSE: NAT) – Our ships are out of the Arabian Gulf

Key Points

Risks

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