Welcome to our dedicated page for Nordic American Tankers news (Ticker: NAT), a resource for investors and traders seeking the latest updates and insights on Nordic American Tankers stock.
Nordic American Tankers Ltd (NAT) operates a specialized fleet of double hull Suezmax crude oil tankers, serving the dynamic spot market with agile chartering strategies. This page provides centralized access to official press releases and objective news coverage impacting the company’s operational and financial trajectory.
Investors and industry observers will find timely updates on quarterly earnings, fleet expansions, charter rate trends, and regulatory developments. Our curated collection includes announcements regarding vessel acquisitions, partnership agreements, and operational milestones that shape NAT’s position in global energy logistics.
Key areas of coverage include analysis of spot market fluctuations, environmental compliance initiatives, and strategic responses to shifting crude oil demand. All content is rigorously sourced from primary company communications and reputable financial publications to ensure reliability.
Bookmark this page for streamlined tracking of NAT’s market movements and operational updates. Check regularly for new developments affecting one of the maritime sector’s most focused Suezmax operators.
Nordic American Tankers (NYSE: NAT) has announced multiple strategic transactions in a recent active period. The company has exercised a purchase option for a 2018-built Suezmax tanker from a financing partner on favorable terms. Additionally, NAT has sold a 2003-built vessel to a UK-based owner, expected to generate a cash injection of USD 22.5 million when the sale closes in the second half of February.
The company emphasizes its solid financial position and flexibility, indicating plans for future expansion. NAT reaffirms its commitment to maintaining dividend payments as a priority for shareholders.
Nordic American Tankers (NYSE: NAT) announced that Non-Executive Vice Chairman Alexander Hansson has increased his stake in the company by purchasing 300,000 shares at $2.54 per share. Following this transaction, Alexander Hansson now holds 4,000,000 shares in total. The Hansson family's combined ownership has reached 8,550,000 shares, making them the largest private shareholder group in NAT.
Nordic American Tankers (NYSE: NAT) announced that Non-Executive Vice Chairman Alexander Hansson has increased his stake in the company by purchasing 100,000 shares at $2.5125 per share. Following this transaction, Alexander Hansson now holds 3,700,000 shares. The Hansson family's total ownership has reached 8,250,000 shares, making them the largest private shareholder group in NAT.
Nordic American Tankers (NYSE: NAT) announced that Herbjorn Hansson, the company's Founder, Chairman & CEO, along with his company have purchased 100,000 shares at USD 2.6129 per share. Following this transaction, the Hansson family's total ownership reached 8,150,000 shares, making them the largest private shareholder group in NAT. This includes 3,600,000 shares owned by Alexander Hansson, Herbjorn's Monaco-based son.
Nordic American Tankers (NAT) announced that Non-Executive Vice Chairman Alexander Hansson has purchased 50,000 shares at $2.6932 per share, increasing his holdings to 3,600,000 shares. Following this transaction, the Hansson family's total ownership reaches 8,050,000 shares, making them the largest private shareholder group in the company.
Nordic American Tankers (NAT) announced that Herbjorn Hansson, the company's Founder, Chairman & CEO, along with his company, has purchased 194,341 shares at $2.7802 per share. Following this transaction, the Hansson family's total ownership reaches 8,000,000 shares, making them the largest private shareholder group in NAT. Additionally, Alexander Hansson, the CEO's Monaco-based son, recently acquired 350,000 shares, increasing his personal stake to 3,550,000 shares.
Nordic American Tankers (NAT) announced that Non-Executive Vice Chairman Alexander Hansson has purchased 350,000 shares at $2.6471 per share. Following this transaction, his total holdings increased to 3,550,000 shares. The Hansson family now owns a combined 7,805,659 shares, making them the largest private shareholder group in the company.
Nordic American Tankers (NAT) reported a net profit of $8.7 million ($0.04 per share) for Q3 2024, up from $7.5 million in Q3 2023. The company secured time-charter contracts worth approximately $125 million with international oil companies. NAT's fleet achieved an average time charter equivalent of $30,656 per day with operating costs of $9,000 per day. The company declared its 109th consecutive quarterly dividend of $0.04 per share, payable January 16, 2025. NAT plans fleet expansion and notes strong market conditions due to ship scarcity, while maintaining its policy of not participating in sanctioned oil trade or Red Sea operations.
Nordic American Tankers (NAT) reported a net profit of $8.7 million ($0.04 per share) for Q3 2024, up from $7.5 million in Q3 2023. The company secured time-charter contracts worth approximately $125 million with international and national oil companies. NAT's fleet achieved an average time charter equivalent of $30,656 per day per ship, with daily operating costs around $9,000. The company declared its 109th consecutive quarterly dividend of $0.04 per share, payable January 16, 2025. NAT plans fleet expansion and notes that its ships have operated in 68 countries over the past five years. The company emphasizes its non-participation in 'dark fleet' operations and avoidance of Suez Canal routes.
Nordic American Tankers (NYSE:NAT) held its Annual General Meeting of Shareholders on November 21, 2024, in Monaco. Shareholders approved the election of Herbjorn Hansson as Director & Chairman of the Board, Alexander Hansson and Jenny Chu as Directors, and the appointment of KPMG as independent auditors. The board maintains authority to fill any vacant position to maintain a four-member board structure. The company reports being in a strong market with positive prospects.
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