Nordic American Tankers Stock Price, News & Analysis

Nordic American Tankers (NYSE:NAT) held its Annual General Meeting on November 21, 2025 with a very high turnout. All resolutions were approved, including the election of Herbjorn Hansson, Alexander Hansson, Jenny Chu and Jim Kelly to the board and the appointment of KPMG as independent auditors. Management stated market conditions are strong and prospects are good. Contact details for CFO Bjørn Giæver and Finance Manager Alexander Kihle were provided.

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) announced that Founder, Chairman & CEO Herbjorn Hansson has purchased 150,000 shares at $3.11 per share, increasing his personal ownership to 5,100,000 shares. Combined with his family's holdings, they now own 10,250,000 shares, making them the largest private shareholder group in the company.

The company highlighted its consistent dividend payment track record of 113 consecutive quarters since its stock listing in 1995. Management expressed optimism about the company's future prospects, stating that "the path is unquestionably upwards."

Nordic American Tankers (NYSE: NAT) has announced its upcoming Annual General Meeting (AGM) scheduled for November 21, 2025. The record date for shareholder voting eligibility has been set for September 12, 2025.

The company will file the Notice of Meeting and Proxy Statement with the SEC via Form 6-K after market close on September 29, 2025. Shareholders of record will receive detailed information about the meeting and voting procedures.

Nordic American Tankers (NYSE: NAT) announced that Non-Executive Vice Chairman and Board member Alexander Hansson has purchased 100,000 shares at $3.27 per share, increasing his personal holdings to 5,150,000 shares.

Following this insider purchase, the Hansson family's total ownership has exceeded 10.1 million shares, establishing them as the largest private shareholder group in the company. This significant insider buying demonstrates strong confidence in NAT's future prospects from its leadership team.

Nordic American Tankers (NYSE: NAT) has announced the appointment of Mr. Thomas Boye as a new executive, expected to join the company in October 2025. Boye brings 20 years of experience from ABG Sundal Collier investment banking, including 10 years in London and 10 years in Oslo.

The company plans to enhance its investor relations efforts through a series of worldwide road shows to showcase NAT's business story to the investment community. This strategic move aims to raise the company's profile in global markets.

Nordic American Tankers (NYSE:NAT) announced a $0.10 per share dividend for Q2 2025, marking its 112th consecutive quarterly dividend, payable September 29, 2025. The company reported a TCE of $26,880 per day per ship and an adjusted EBITDA of $15.8 million, though recording a net loss of $0.9 million for the quarter.

Fleet updates include the addition of two 2016-built vessels ("Nordic Galaxy" and "Nordic Moon") and the sale of the 2004-built "Nordic Castor". NAT's fleet now consists of 20 Suezmax tankers. The company maintains a strong cash position of $86 million as of August 28, 2025, and continues to focus on vessel quality and dividend payments as priorities.

Nordic American Tankers (NYSE: NAT) announced that Founder, Chairman & CEO Herbjorn Hansson has purchased 100,000 shares at $2.74 per share, increasing his personal holdings to 4,950,000 shares. Following this transaction, the Hansson family's total ownership has reached 10 million shares, establishing them as the company's largest private shareholder group.

Nordic American Tankers (NYSE: NAT) announced that Non-Executive Vice Chairman and Board member Alexander Hansson has increased his shareholding by purchasing 300,000 shares at $2.72 per share. Following this transaction, Alexander Hansson now holds 5,050,000 shares in the company.

The Hansson family, which includes Founder, Chairman & CEO Herbjorn Hansson, has strengthened its position as the largest private shareholder group in NAT with a total ownership of 9,900,000 shares.