Nordic American Tankers LimitedNYSE: NAT

Thursday, May 30, 2024   Dear Shareholders and Investors,   Alexander Hansson, Non-Executive Vice Chairman of Nordic American Tankers Ltd (NAT) and son of Herbjorn Hansson, Founder, Chairman & CEO, has today bought 350,000 shares in NAT at $4.0029 per share for a total sum of $1,4 million. Following these transactions, Monaco based Alexander Hansson privately owns 3,000,000 shares in NAT.

Wednesday, May 29, 2024   Dear Shareholders and Investors,   Highlights:    Ninety day periods offer a short-term snapshot of a company, but it is also important to view the long-term picture. The values of our assets have seen a significant increase over the past years.

Nordic American Tankers (NAT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

The rise in Brent oil price to $90 has led to increased geopolitical tensions in the Middle East, although it is not the sole factor contributing to the upward trend in oil prices.

The crude tanker market remains strong due to limited supply and growing tonne-mile demand for crude oil transportation. FY23 NAT realized $262 million net voyage revenue, $127 million net operating income, and $98.7 million net income. The impressive results are due to improved TCE rates and stable OPEX. NAT has a 56% total debt-to-equity ratio and 38.8% total liabilities to total assets. The company has $31.1 million cash and $301 million total debt.

Nordic American Tankers: Suezmax Pure Play For Income-Minded Investors

Herbjorn Hansson, Nordic American Tankers CEO, joins 'Closing Bell Overtime' to discuss rising risks in the Red Sea for shipping.

Nordic American Tanker Shipping (NYSE:NAT) has increased its second-quarter dividend by 10 cents after it reported a strong rise in earnings for the first half of its 2023 financial year. The NYSE-listed shipping company, which maintains a Suezmax-only fleet of tankers, reported a swing of more than $100 million in net income for the first six months, to $73.7 million from a $30.9 million loss in the first half of 2022.

Nordic American Tanker Shipping (NYSE:NAT) is expected to report an earnings recovery when it releases second-quarter results ahead of the opening bell on Monday, August 28. While the NYSE-listed shipping company, which maintains a Suezmax-only fleet of tankers, reported a seasonal slowdown with the release of its first-quarter results in May, it said the phenomenon had already bottomed.