Nordic American Tankers Ltd (NYSE: NAT) – Very strong market continues

GlobeNewswire11-03 19:07

Tuesday, November 3, 2026

Dear Shareholders and Investors,

We are pleased to inform you that the very strong market for our ships continue. We enter into contracts at historically high level, which have not been seen earlier.

Now the price of oil goes down. This in an advantage for Nordic American. The lower the oil price, the higher oil consumption.

In the final analysis, the most important element in tanker economics is the concept of ton mile.

The longer distance oil is being transported, the more advantageous it is for NAT.

We expect that the exeptional market conditions will continue in the time to come. We are able to continue to pay dividend and to accumulate cash in NAT.

For further information on Nordic American Tankers, please see www.nat.bm

Sincerely,

Herbjorn Hansson
Founder, Chairman & CEO

Nordic American Tankers Ltd. www.nat.bm

Contacts:

Bjørn Giæver, CFO
Nordic American Tankers Ltd
Tel: +1 888 755 8391

Alexander Kihle, Finance Manager
Nordic American Tankers Ltd
Tel: +47 91 724 171

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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We enter into contracts at historically high level, which have not been seen earlier.</p> <p>Now the price of oil goes down. This in an advantage for Nordic American. The lower the oil price, the higher oil consumption. </p> <p>In the final analysis, the most important element in tanker economics is the concept of ton mile. </p> <p>The longer distance oil is being transported, the more advantageous it is for NAT.</p> <p>We expect that the exeptional market conditions will continue in the time to come. We are able to continue to pay dividend and to accumulate cash in NAT. </p> <p>For further information on Nordic American Tankers, please see www.nat.bm</p> <p>Sincerely,</p> <p>Herbjorn Hansson<br/>Founder, Chairman &amp; CEO</p> <p>Nordic American Tankers Ltd.                                                           www.nat.bm  </p> <p><strong>Contacts:  </strong>     </p> <p>Bjørn Giæver, CFO                                                             <br/>Nordic American Tankers Ltd                                             <br/>Tel: +1 888 755 8391                                  </p> <p>Alexander Kihle, Finance Manager<br/>Nordic American Tankers Ltd<br/>Tel: +47 91 724 171    </p> <br/><img referrerpolicy=\"no-referrer-when-downgrade\" src=\"https://ml-eu.globenewswire.com/media/ZGMxNGI1MDItZTNkMC00MDg0LWFkOTMtMmFlYWQ0OWM5ZmJkLTEwOTU1MjMtMjAyNi0xMS0wMy1lbg==/tiny/Nordic-American-Tankers-Limite.png\"/></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DRIP","symbol_name":"Direxion Daily S&P Oil & Gas Exp. & Prod. 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This in an advantage for Nordic American. The lower the oil price, the higher oil consumption. In the final analysis, the most important element in tanker economics is the concept of ton mile. The longer distance oil is being transported, the more advantageous it is for NAT. We expect that the exeptional market conditions will continue in the time to come. We are able to continue to pay dividend and to accumulate cash in NAT. For further information on Nordic American Tankers, please see www.nat.bm Sincerely, Herbjorn HanssonFounder, Chairman & CEO Nordic American Tankers Ltd.                           www.nat.bm Contacts:    Bjrn Giver, CFO                              Nordic American Tankers Ltd                      Tel: +1888755 ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"DRIP":"Direxion Daily S&P Oil & Gas Exp. & Prod. 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The lower the oil price, the higher oil consumption.  In the final analysis, the most important element in tanker economics is the concept of ton mile.  The longer distance oil is being transported, the more advantageous it is for NAT. We expect that the exeptional market conditions will continue in the time to come. We are able to continue to pay dividend and to accumulate cash in NAT.  For further information on Nordic American Tankers, please see www.nat.bm Sincerely, Herbjorn HanssonFounder, Chairman & CEO Nordic American Tankers Ltd.                                                           www.nat.bm   Contacts:        Bjørn Giæver, CFO                                                             Nordic American Tankers Ltd                                             Tel: +1 888 755 8391                                   Alexander Kihle, Finance ManagerNordic American Tankers LtdTel: +47 91 724 171","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.52.1","shortVersion":"4.52.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2680464747","isCrawlerRequest":true}