Nordic American Tankers Ltd (NYSE: NAT) – Newbuildings
Nordic American Tankers (NYSE: NAT) announced a letter of intent to build two Suezmax tankers at a South Korean shipyard for USD 86 million each, with deliveries planned in the second half of 2028. The company expects to sign the final contract in early 2026. The LOI outlines the vessel type, price and delivery window but is not a final binding contract. The release includes a standard cautionary statement on forward-looking information and lists investor contacts for follow-up.
Nordic American Tankers (NYSE: NAT) ha annunciato una lettera di intenti per costruire due Suezmax petroliere presso un cantiere sudcoreano per 86 milioni di USD ciascuna, con consegne previste nella seconda metà del 2028. L'azienda prevede di firmare il contratto definitivo all'inizio del 2026. La LOI descrive il tipo di nave, il prezzo e la finestra di consegna ma non costituisce un contratto definitivo vincolante. Il comunicato include una dichiarazione standard di cautela riguardo alle informazioni prospettiche e indica i contatti degli investitori per ulteriori follow-up.
Nordic American Tankers (NYSE: NAT) anunció una carta de intención para construir dos petroleros Suezmax en un astillero de Corea del Sur por 86 millones de USD cada uno, con entregas previstas en la segunda mitad de 2028. La empresa espera suscribir el contrato definitivo a principios de 2026. La LOI describe el tipo de buque, el precio y la ventana de entrega, pero no es un contrato vinculante definitivo. El comunicado incluye una declaración de precaución estándar sobre información prospectiva y enumera contactos de inversores para seguimiento.
Nordic American Tankers (NYSE: NAT)는 두 대의 수에즈급 탱커를 미화 8600만 달러씩에 한국 남部의 조선소에서 건조하기로 하는 의향서를 발표했다. 배 선적은 2028년 하반기에 예정되어 있다. 회사는 2026년 초에 최종 계약을 체결할 것으로 기대한다. LOI는 선박 유형, 가격 및 인도 창을 요약하지만 최종 구속력 있는 계약은 아니다. 발표에는 전망 정보에 대한 표준 주의문과 후속 조치를 위한 투자자 연락처가 포함되어 있다.
Nordic American Tankers (NYSE: NAT) a annoncé une lettre d’intention visant à construire deux pétroliers Suezmax dans un chantier sud-coréen pour 86 millions USD chacun, avec des livraisons prévues dans la seconde moitié de 2028. La société prévoit de signer le contrat final au début de 2026. La LOI décrit le type de navire, le prix et la fenêtre de livraison mais n’est pas un contrat contraignant final. Le communiqué inclut une déclaration d’avertissement standard sur les informations prospectives et répertorie les contacts investisseurs pour les suivis.
Nordic American Tankers (NYSE: NAT) gab eine Absichtserklärung zur Konstruktion von zwei Suezmax-Tankern an einem südkoreanischen Werftstandort für jeweils 86 Mio. USD bekannt, mit Lieferungen in der zweiten Hälfte von 2028. Das Unternehmen erwartet, den endgültigen Vertrag Anfang 2026 zu unterzeichnen. Die LOI umreißt den Schiffstyp, den Preis und das Lieferfenster, ist jedoch kein endgültig verbindlicher Vertrag. Die Mitteilung enthält eine Standard-Warnung zu zukunftsgerichteten Informationen und listet Investorenkontakte für Folgegespräche auf.
Nordic American Tankers (NYSE: NAT) أعلن عن رسالة نوايا لبناء سفينتين صوّان سيوزاكس في حوض بناء سفن بجمهورية كوريا الجنوبية بسعر 86 مليون دولار أمريكي لكل منهما، مع تسليمات مخطط لها في النصف الثاني من 2028. تتوقع الشركة توقيع العقد النهائي في ابدأ 2026. توضّح رسالة النوايا نوع السفينة، السعر ونطاق التسليم لكنها ليست عقدًا ملزمًا نهائيًا. يتضمن البيان إعلانًا تحذيريًا قياسيًا حول المعلومات المستقبلية ويذكر جهات اتصال المستثمرين للمتابعة.
- Two Suezmax tankers added to fleet plan
- Price locked in LOI at USD 86 million per vessel
- Delivery window specified: second half of 2028
- Final contract not yet signed; LOI subject to change
- Capital commitment implied of USD 172 million total
- Long lead time until H2 2028 delays near-term benefit
Insights
LOI for two Suezmax newbuilds at NAT signals fleet renewal and near‑term capex commitment, with deliveries in
Nordic American Tankers Ltd has agreed a letter of intent to build two Suezmax tankers at a South Korean yard priced at
The key dependencies are financing, final contract terms, and market conditions between contract signing and delivery; none of these are specified. Watch for a signed shipbuilding contract in
Monday, November 3, 2025
Dear Shareholders and Investors,
This is to inform you that we have agreed a letter of intent (LOI) involving the construction of two Suezmax tankers at a South Korean shipyard. Deliveries are planned for second half of 2028.
The price of the ships is USD 86 million each. The final contract is expected to be signed in early 2026.
For further details and contacts, please see at the end of this communication.
Sincerely,
Herbjorn Hansson
Founder, Chairman & CEO
Nordic American Tankers Ltd. www.nat.bm
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.
The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “plan,” “potential,” “will,” “may,” “should,” “expect,” “pending” and similar expressions identify forward-looking statements.
The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand in the tanker market, as a result of changes in OPEC’s petroleum production levels and worldwide oil consumption and storage, changes in our operating expenses, including bunker prices, drydocking and insurance costs, the market for our vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off-hires and other important factors described from time to time in the reports filed by the Company with the Securities and Exchange Commission, including the prospectus and related prospectus supplement, our Annual Report on Form 20-F, and our reports on Form 6-K.
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
FAQ
What did Nordic American Tankers (NAT) announce on November 3, 2025 about newbuildings?
Is the NAT order for two Suezmax tankers a binding contract as of November 3, 2025?
How much will Nordic American Tankers (NAT) pay for the two Suezmax vessels?
When will the two Suezmax tankers for NAT be delivered?
What is the shareholder impact of NAT's November 3, 2025 LOI for newbuildings?
Who can investors contact at NAT for more details about the newbuild LOI?
