Nordic American Tankers Limited

Nordic American Tankers Ltd (NYSE: NAT) - The Hansson family now collectively own 12 million NAT shares

Alexander Hansson, NAT's Vice-Chairman, bought 300,000 shares at $8.44 per share, lifting his personal stake to 6.3 million shares. With this purchase, the Hansson family collectively owns 12 million NAT shares and remains the largest private shareholder group. Chairman and CEO Herbjorn Hansson described the tanker market as exceptional with good prospects for the company.

•20d ago

Nordic American Tankers Ltd (NYSE: NAT) – Exceptional conditions for our vessels

Nordic American Tankers says it is experiencing an extraordinary spot market, with recent fixtures producing time-charter-equivalent rates of roughly $60,000 to $200,000 per day. Operating costs run below $10,000 per ship per day, so management frames the gap between fixture rates and costs as direct cash accumulation at NAT. Eight recent fixtures to unnamed oil majors and oil traders span voyages of 19 to 80 days; the letter concedes spot contracts are inherently volatile, explaining short-term rate variation. Founder, Chairman and CEO Herbjorn Hansson closes that the direction is unquestionably upwards for NAT, though the update contains no formal guidance or audited figures.

•1mo ago

Nordic American Tankers Ltd (NYSE: NAT) – Report as per June 30, 2026 – The direction of NAT is unquestionably upwards – rates & values are up

Nordic American Tankers reported Q2 net income of $68.3 million, up from $46.3 million in the prior quarter, driven by Time Charter Equivalent rates surging to $63,000 per day. The company declared a Q2 dividend of $0.27 per share, an increase from $0.22, marking the 116th consecutive quarterly cash dividend. Operational highlights include the sale of a vessel for $26 million and the resolution of issues in the Arabian Gulf, leaving the firm with $175 million in cash and spot rates reaching up to $90,000 per day.

•1mo ago

Nordic American Tankers Ltd (NYSE: NAT) – Herbjorn Hansson, increased holding in NAT

Founder, Chairman, and CEO Herbjorn Hansson purchased 100,000 shares of NAT at $6.03 per share, increasing his direct holdings to 5.7 million shares. The Hansson family now owns a total of 11.7 million shares, remaining the largest private shareholder group in the company. Management noted that the company is currently experiencing an excellent market for its vessels.

•3mo ago

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

Nordic American Tankers announced that three ships stuck in the Arabian Gulf since February 28 have successfully transited the Hormuz Strait. The vessels have returned to international business with all crew members safe, as the company notes it enjoys excellent market conditions. Chairman and CEO Herbjorn Hansson confirmed the operational update in a letter to shareholders.

•3mo ago

Nordic American Tankers Ltd (NYSE: NAT) – Vice Chairman Alexander Hansson increases his NAT shareholding to 6 million shares

Vice Chairman Alexander Hansson purchased 145,000 shares of NAT at $6.44 per share, increasing his direct ownership to 6,000,000 shares. Following this transaction, the Hansson family collectively owns 11,600,000 shares, representing a 5.5% stake and maintaining their position as the largest private shareholder group. CEO Herbjorn Hansson stated that prospects for the group are very good.

•4mo ago

NAT: 6-K · earnings release

Nordic American Tankers (NAT) reported a dramatic surge in profitability for the first quarter of 2026, posting net income of $46.3 million. This single-quarter result exceeded the company’s entire net income for the full year of 2025, which was $12.3 million. The earnings beat was driven by a sharp increase in tanker charter rates, with the average time charter equivalent (TCE) rising to $47,600 per day per vessel in Q1, up from $27,490 in Q4 2025. Additionally, the company recorded a $14.4 million gain from the sale of two older vessels. Management highlighted that approximately 90% of the fleet is now booked for Q2 2026 at rates of about $68,000 per day, signaling continued strength. The company also declared a dividend of $0.22 per share, its 115th consecutive quarterly payout, and noted that cash positions have improved to $81.1 million.

SEC 6-K•4mo ago

Nordic American Tankers Ltd (NYSE: NAT) – Report as per March 31, 2026 – NAT continues to prosper and raises its dividend. Market conditions for NAT are now the best for several decades.

Nordic American Tankers reported a Q1 2026 net result of $46.3 million, which exceeded the company's entire net result for fiscal year 2025. The company raised its quarterly dividend to $0.22 per share, marking the 115th consecutive quarterly payout since its 1996 listing. Market conditions have improved sharply, with approximately 90% of the fleet booked for Q2 at $68,000 per day, up from $47,600 per day in Q1, while operating costs remain below $10,000 per day.

•4mo ago

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

Nordic American Tankers disclosed five recent vessel charter contracts spanning March through May, with daily rates ranging from $75,000 to $198,000. The company notes that operating costs remain below $10,000 per day, creating a wide spread that strengthens its cash position. Management states these solid market conditions positively impact the company's ability to pay dividends.

•5mo ago