Wednesday, June 11, 2025 Dear Shareholders and Investors, For sake of good order, Nordic American Tankers Limited (“NAT”) 2024 Annual Report on Form 20-F that was filed on April 29, 2025 is available for download on both the SEC website at www.sec.gov and our website www.nat.bm (annual reports). Any shareholder may receive a hard copy of NAT's complete 2024 Form 20-F, free of charge upon request to the below contacts.
Nordic American Tankers reported disappointing Q1/2025 results, with the company underperforming peers by a wide margin and cash flow from operations turning negative. However, the weak operating performance was offset by a generous $0.07 quarterly cash dividend and persistent insider buying. During the quarter, NAT accelerated its fleet renewal efforts during the quarter, but still has to replace a sizeable number of 20+ year-old vessels sooner rather than later.
Wednesday, June 4, 2025 Dear Shareholders and Investors, Founder, Chairman & CEO, Herbjorn Hansson, and his son, Vice Chairman, Alexander Hansson, have today each bought 100,000 shares in NAT at $2.78 and $2.76 per share. Following these transactions, father and son hold 4,850,000 and 4,750,000 shares, respectively.
![]() NAT 1 weeks ago Announced | Quarterly | $0.07 Per Share |
![]() NAT 3 months ago Paid | Quarterly | $0.06 Per Share |
![]() NAT 6 months ago Paid | Quarterly | $0.04 Per Share |
![]() NAT 8 months ago Paid | Quarterly | $0.12 Per Share |
![]() NAT 11 months ago Paid | Quarterly | $0.12 Per Share |
27 May 2025 Date | | - Cons. EPS | - EPS |
26 Feb 2025 Date | | 0.04 Cons. EPS | 0.01 EPS |
27 Nov 2024 Date | | 0.05 Cons. EPS | 0.04 EPS |
29 Aug 2024 Date | | 0.1 Cons. EPS | 0.1 EPS |
26 Aug 2024 Date | | 0.08 Cons. EPS | - EPS |
![]() NAT 1 weeks ago Announced | Quarterly | $0.07 Per Share |
![]() NAT 3 months ago Paid | Quarterly | $0.06 Per Share |
![]() NAT 6 months ago Paid | Quarterly | $0.04 Per Share |
![]() NAT 8 months ago Paid | Quarterly | $0.12 Per Share |
![]() NAT 11 months ago Paid | Quarterly | $0.12 Per Share |
27 May 2025 Date | | - Cons. EPS | - EPS |
26 Feb 2025 Date | | 0.04 Cons. EPS | 0.01 EPS |
27 Nov 2024 Date | | 0.05 Cons. EPS | 0.04 EPS |
29 Aug 2024 Date | | 0.1 Cons. EPS | 0.1 EPS |
26 Aug 2024 Date | | 0.08 Cons. EPS | - EPS |
Marine Shipping Industry | Industrials Sector | Mr. Herbjorn Hansson CEO | XSTU Exchange | BMG657731060 ISIN |
BM Country | 15 Employees | 12 Jun 2025 Last Dividend | 10 Aug 2017 Last Split | 30 Sep 1997 IPO Date |
Nordic American Tankers Limited is a distinguished entity within the tanker industry, primarily focusing on the acquisition and chartering of double-hull tankers for both Bermuda-based operations and international waters. Established in 1995 and with its headquarters nestled in Hamilton, Bermuda, the company has carved out a significant niche for itself by managing a robust fleet. This fleet comprises 19 Suezmax crude oil tankers, a specialization that underscores Nordic American Tankers' commitment to facilitating the global transportation of crude oil under enhanced safety and environmental standards.
Nordic American Tankers Limited excels in the acquisition and chartering of double-hull tankers. This service is pivotal for ensuring the safe and efficient transportation of crude oil across international waters. Double-hull tankers offer an added layer of environmental protection and safety, mitigating the risk of oil spills in event of a collision or grounding.
The company specializes in the management of Suezmax crude oil tankers. With a fleet of 19 such vessels, Nordic American Tankers provides flexible and reliable shipping solutions for crude oil transportation. Suezmax tankers are among the largest oil tankers, designed to navigate through the Suez Canal, making them versatile for global oil transportation routes.