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) reported strong financial results for 2024, with net voyage revenue of $225 million and a net result of $46.6 million. The company's Q4 2024 Time Charter Equivalent (TCE) reached $26,416 per day per ship, with operating costs around $9,000 per day.
NAT announced several strategic fleet movements: purchasing a 2016-built suezmax tanker (mid/high $60's) for delivery in Q2 2025, selling a 2003-built suezmax for $23 million, and exercising purchase options for two 2018-built vessels. The company declared its 110th consecutive quarterly dividend of $0.06 per share, payable March 24, 2025, to shareholders of record as of March 10, 2025.
The company's financial flexibility has improved through a $150 million financing agreement with Beal Bank, leaving seven vessels unencumbered. NAT maintains its position as a fully compliant operator, having not transported Russian oil for 3.5 years, and continues to focus on reducing emissions through careful voyage planning.
Nordic American Tankers (NAT) has announced its fleet renewal strategy for 2025, planning to purchase two or three ships while selling an equal number. As an initial step, the company has agreed to sell one Suezmax tanker (built 2003) for USD 22.5 million, with the transaction expected to complete in Q1 2025.
The company is collaborating with its long-term financing partners, Beal Bank (Dallas) and Ocean Yield (New York), to support this fleet modernization initiative. These financial arrangements aim to increase liquidity and enhance financial flexibility while maintaining NAT's commitment to dividend payments and balance sheet strength.
NAT highlights its consistent dividend payment history, having distributed dividends for 109 consecutive quarters since its New York listing in 1995.
Nordic American Tankers (NAT) has announced its fleet renewal and growth strategy for 2025. The company plans to acquire two or three ships while selling an equal number. As a first step, NAT has agreed to sell one of its Suezmax tankers (built in 2003) for USD 22.5 million, with the transaction expected to complete in Q1 2025.
The company is working with its long-term financing partners, Beal Bank (Dallas) and Ocean Yield (New York), to support this initiative. These financial arrangements aim to increase liquidity and enhance financial flexibility while maintaining NAT's commitment to dividend payments and a strong balance sheet. The company highlights its track record of paying dividends for 109 consecutive quarters since its New York listing in 1995.
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.
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