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Press Releases September 23, 2026 05:40 AM

Nordic American Tankers Ltd (NYSE: NAT)

Nordic American Tankers reports robust freight rates and solid market conditions amid favorable oil price environment

By Sofia Navarro
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Nordic American Tankers Ltd (NYSE: NAT) announces continued exceptionally strong market conditions for its vessels, driven by high freight rates and steady demand for tanker transportation services. The company highlights its resilience to geopolitical events such as the Strait of Hormuz situation and benefits from lower oil prices. Strong relationships with major oil companies underpin their operational success and demand for their shipping capacity is expected to remain high.

Nordic American Tankers Ltd (NYSE: NAT)
NAT
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Key Points

  • Freight rates for Nordic American Tankers remain high and are unprecedented, supporting strong revenue prospects.
  • The company's operations are not impacted by geopolitical tensions at the Strait of Hormuz, providing operational stability.
  • Lower oil prices benefit the company by supporting continued demand for long-distance oil transportation (ton-mile basis).
  • The shipping and oil transportation sectors are positively impacted by these developments, reflecting increased demand and stable logistics.

Wednesday, September 23, 2026

Dear Shareholders and Investors,

I am very pleased to inform you that the market conditions for our vessels continue to be exceptionally solid. We expect this development to continue.

We have previously informed you about the high freight rates that we enjoy.

This unprecedented development continues. The closing or opening of the Strait of Hormuz does not impact the NAT operations in any way. The essential measure for NAT, is ton-mile, i.e., transportation work. The NAT ships are needed.

Lower and decreasing price of oil, is an advantage for NAT. The lower the price, the better.

The main question is the safe transportation of oil, and the demand for our ships is critical. How much oil do NAT carry and over how long distances?

NAT has a strong relationship with the largest oil companies in the world. This is  essential for our success. They have confidence in us, our crews and in the quality of our vessels.

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    



Risks

  • Geopolitical tensions could escalate and indirectly affect global oil shipping routes and demand, impacting revenue.
  • Volatility in oil prices could reduce transportation volumes or freight rates if demand shifts negatively.
  • Dependence on major oil companies requires maintaining strong relationships; any loss of contracts or reduced volumes could negatively affect revenues.

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