Nordic American Tankers Ltd (NYSE: NAT) – the Direction is Up

Nordic American Tankers signals ongoing strong tanker demand, high freight rates and limited exposure to Strait of Hormuz disruptions.

Rhea-AI Summary

Nordic American Tankers (NAT) reports that market conditions for its vessels remain "exceptionally solid" and that high freight rates continue.

The company expects this favorable situation to persist and states that its operations are not affected by the closing or opening of the Strait of Hormuz. Management highlights ton-mile demand and the need for NAT ships as critical, and views lower oil prices as an advantage. NAT also points to strong relationships with some of the largest oil companies, which it describes as essential to its success.

Market Context

NAT's Sep 15 update reported vessel fixtures and TCEs ranging from about $60,000 to roughly $200,000...

Analysis

NAT's Sep 15 update reported vessel fixtures and TCEs ranging from about $60,000 to roughly $200,000 per day; that prior quantified rate report provides context for today's unquantified claim that vessel conditions remained exceptionally solid.

Historical Context

1 past event · Latest: Sep 15

1 event

1. Sep 15

   Market conditions update

   24h Move

   +3.1%

   Reported vessel fixtures and TCEs from about $60,000 to roughly $200,000 per day.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

ton-mile

1 terms

ton-mile technical

"ton-mile, i.e., transportation work"

A ton-mile measures the movement of one ton of cargo over one mile and is used to quantify total freight activity by combining weight and distance into a single number. Investors watch ton-miles as a demand and efficiency indicator—like tracking both how many passengers an airline carries and how far they fly—because rising ton-miles typically signal stronger shipping demand, better utilization of capacity, and potential for higher revenue for carriers and logistics firms.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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