Press Releases May 15, 2026 08:15 AM

Nordic American Tankers Ltd (NYSE: NAT) – Recent contracts in a solid market

Nordic American Tankers secures multiple high-value contracts, strengthening cash flow and dividend capacity amid solid market conditions

By Avery Klein NAT

Nordic American Tankers Ltd announced several recently concluded shipping contracts with large companies, generating daily rates between $75,000 and $198,000 over various periods. Operating costs remain below $10,000 per day, which supports a robust cash position enhancing their ability to pay dividends. The contracts span from March through May, including a long-term 300-day deal at $75,000 per day, reflecting strong market demand for their vessels.

Nordic American Tankers Ltd (NYSE: NAT) – Recent contracts in a solid market

NAT

Summarize with

ChatGPT Perplexity Claude Grok Gemini

Key Points

Nordic American Tankers secured multiple lucrative contracts with large companies, with daily charter rates between $75,000 and $198,000.
The company maintains low operating costs below $10,000 per day, improving profit margins.
Strong market conditions are enhancing the company's cash position and capacity to pay dividends.
Key impacted sectors include shipping, maritime transport, and energy logistics, considering the nature of tanker operations.

Friday, May 15, 2026

Dear Shareholders and Investors,

Below is information related to contracts that have been concluded recently.

Please note that the $ numbers and periods are approximations.

Our customers, leasing our ships, are large companies.

Operating costs of our vessels are below $ 10,000 per day.

The present market conditions result in strengthening of the cash position of Nordic American Tankers – impacting positively the ability to pay dividend.

March - $150,000 over 60 days

March - $75,000/day over 65 days

April - $198,000 over 68 days

May - $ 75,000 over 300 days

May - $ 95,000 over 70 days.

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

For further information please see our homepage www.nat.bm

Risks

Market volatility in the shipping industry could affect future contract rates and vessel utilization.
Dependence on large corporate clients presents counterparty risk if contracts are not renewed or canceled.
Fluctuations in oil demand and geopolitical factors may impact tanker utilization and contract availability, affecting revenue streams.

Menu

Nordic American Tankers Ltd (NYSE: NAT) – Recent contracts in a solid market

Key Points

Risks

More from Press Releases