{"id":809229,"date":"2025-02-05T09:34:01","date_gmt":"2025-02-05T14:34:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/nordic-american-tankers-ltd-nyse-nat-an-active-period-going-forward\/"},"modified":"2025-02-05T09:34:01","modified_gmt":"2025-02-05T14:34:01","slug":"nordic-american-tankers-ltd-nyse-nat-an-active-period-going-forward","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nordic-american-tankers-ltd-nyse-nat-an-active-period-going-forward\/","title":{"rendered":"Nordic American Tankers Ltd (NYSE: NAT) \u2013 An active period going forward"},"content":{"rendered":"<div class=\"mw_release\">\n<p>\u00a0<\/p>\n<p>Wednesday, February 5, 2025<\/p>\n<p>\u00a0<\/p>\n<p>\n        <strong>Dear Shareholders and Investors,<\/strong>\n      <\/p>\n<p>\n        <br \/>A major project for 2025 is to\u00a0renew and grow our fleet.\u00a0We plan to buy two or three ships and to sell two or three. <\/p>\n<p>As a first step, last week we agreed to sell one of our suezmaxes, built in 2003, which will\u00a0net our company USD 22.5 million and thus\u00a0strengthen our balance sheet.\u00a0The buyer will take over the vessel in Q1 2025.<\/p>\n<p>We are helped in this major project by\u00a0our two longtime financing partners, Beal Bank bases in Dallas, and Ocean Yield, whose parent company is based in New York. <\/p>\n<p>As always, our financing is driven by our main goals of prioritizing dividends and retaining a sturdy balance sheet.\u00a0<\/p>\n<p>Since NAT became stock listed in New York in 1995, we have paid dividends\u00a0for 109 consecutive quarters.\u00a0<\/p>\n<p>The transactions with Beal Bank and Ocean Yield\u00a0will\u00a0increase our liquidity and\u00a0strongly enhance our\u00a0financial flexibility. <\/p>\n<p>We look forward to a very active year for NAT.\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>Sincerely,<\/p>\n<p>Herbjorn Hansson<br \/>Founder, Chairman &amp; CEO<\/p>\n<p>Nordic American Tankers Ltd.\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Dn5RVfFKgqUkg-3T_vYX5VUY--K5W9lex9pUL4lWByEn6w75axF7W396gv43iTKco-GGpavWh3t66LYXwC4_Bw==\" rel=\"nofollow\" target=\"_blank\">www.nat.bm<\/a><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p align=\"center\">\n        <strong>\u00a0CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS<\/strong>\n      <\/p>\n<p>Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.<\/p>\n<p>The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words \u201cbelieve,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cestimate,\u201d \u201cforecast,\u201d \u201cproject,\u201d \u201cplan,\u201d \u201cpotential,\u201d \u201cwill,\u201d \u201cmay,\u201d \u201cshould,\u201d \u201cexpect,\u201d \u201cpending\u201d and similar expressions identify forward-looking statements.<\/p>\n<p>The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management\u2019s examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.<\/p>\n<p>Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand in the tanker market, as a result of changes in OPEC\u2019s petroleum production levels and worldwide oil consumption and storage, changes in our operating expenses, including bunker prices, drydocking and insurance costs, the market for our vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off-hires and other important factors described from time to time in the reports filed by the Company with the Securities and Exchange Commission, including the prospectus and related prospectus supplement, our Annual Report on Form 20-F, and our reports on Form 6-K.<\/p>\n<p>\u00a0<\/p>\n<p>\n        <strong>Contacts:\u00a0\u00a0<\/strong>\u00a0 \u00a0 \u00a0<\/p>\n<p>Bj\u00f8rn Gi\u00e6ver, CFO\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<br \/>Nordic American Tankers Ltd\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<br \/>Tel: +1\u00a0888\u00a0755 8391\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/p>\n<p>Alexander Kihle, Finance Manager<br \/>Nordic American Tankers Ltd<br \/>Tel: +47 91 724 171\u00a0 \u00a0\u00a0<\/p>\n<p>\n        <br \/>\u00a0<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=MTAwMTA0Njg5MSM0MDIwNTU5NjIjMjA4Mzk1Mg==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml-eu.globenewswire.com\/media\/ZmZlYmQ1MmYtYmIwMC00NDc3LThhOWYtNGM5MjAyMDI3NTkxLTEwOTU1MjM=\/tiny\/Nordic-American-Tankers-Limite.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 Wednesday, February 5, 2025 \u00a0 Dear Shareholders and Investors, A major project for 2025 is to\u00a0renew and grow our fleet.\u00a0We plan to buy two or three ships and to sell two or three. As a first step, last week we agreed to sell one of our suezmaxes, built in 2003, which will\u00a0net our company USD 22.5 million and thus\u00a0strengthen our balance sheet.\u00a0The buyer will take over the vessel in Q1 2025. We are helped in this major project by\u00a0our two longtime financing partners, Beal Bank bases in Dallas, and Ocean Yield, whose parent company is based in New York. As always, our financing is driven by our main goals of prioritizing dividends and retaining a sturdy balance sheet.\u00a0 Since &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nordic-american-tankers-ltd-nyse-nat-an-active-period-going-forward\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Nordic American Tankers Ltd (NYSE: NAT) \u2013 An active period going forward&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-809229","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Nordic American Tankers Ltd (NYSE: NAT) \u2013 An active period going forward - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nordic-american-tankers-ltd-nyse-nat-an-active-period-going-forward\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nordic American Tankers Ltd (NYSE: NAT) \u2013 An active period going forward - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"\u00a0 Wednesday, February 5, 2025 \u00a0 Dear Shareholders and Investors, A major project for 2025 is to\u00a0renew and grow our fleet.\u00a0We plan to buy two or three ships and to sell two or three. As a first step, last week we agreed to sell one of our suezmaxes, built in 2003, which will\u00a0net our company USD 22.5 million and thus\u00a0strengthen our balance sheet.\u00a0The buyer will take over the vessel in Q1 2025. We are helped in this major project by\u00a0our two longtime financing partners, Beal Bank bases in Dallas, and Ocean Yield, whose parent company is based in New York. As always, our financing is driven by our main goals of prioritizing dividends and retaining a sturdy balance sheet.\u00a0 Since &hellip; Continue reading &quot;Nordic American Tankers Ltd (NYSE: NAT) \u2013 An active period going forward&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/nordic-american-tankers-ltd-nyse-nat-an-active-period-going-forward\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-05T14:34:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=MTAwMTA0Njg5MSM0MDIwNTU5NjIjMjA4Mzk1Mg==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nordic-american-tankers-ltd-nyse-nat-an-active-period-going-forward\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nordic-american-tankers-ltd-nyse-nat-an-active-period-going-forward\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Nordic American Tankers Ltd (NYSE: NAT) \u2013 An active period going forward\",\"datePublished\":\"2025-02-05T14:34:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nordic-american-tankers-ltd-nyse-nat-an-active-period-going-forward\\\/\"},\"wordCount\":605,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nordic-american-tankers-ltd-nyse-nat-an-active-period-going-forward\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=MTAwMTA0Njg5MSM0MDIwNTU5NjIjMjA4Mzk1Mg==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nordic-american-tankers-ltd-nyse-nat-an-active-period-going-forward\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nordic-american-tankers-ltd-nyse-nat-an-active-period-going-forward\\\/\",\"name\":\"Nordic American Tankers Ltd (NYSE: NAT) \u2013 An active period going forward - 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As a first step, last week we agreed to sell one of our suezmaxes, built in 2003, which will\u00a0net our company USD 22.5 million and thus\u00a0strengthen our balance sheet.\u00a0The buyer will take over the vessel in Q1 2025. We are helped in this major project by\u00a0our two longtime financing partners, Beal Bank bases in Dallas, and Ocean Yield, whose parent company is based in New York. As always, our financing is driven by our main goals of prioritizing dividends and retaining a sturdy balance sheet.\u00a0 Since &hellip; Continue reading \"Nordic American Tankers Ltd (NYSE: NAT) \u2013 An active period going forward\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/nordic-american-tankers-ltd-nyse-nat-an-active-period-going-forward\/","og_site_name":"Market Newsdesk","article_published_time":"2025-02-05T14:34:01+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=MTAwMTA0Njg5MSM0MDIwNTU5NjIjMjA4Mzk1Mg==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nordic-american-tankers-ltd-nyse-nat-an-active-period-going-forward\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nordic-american-tankers-ltd-nyse-nat-an-active-period-going-forward\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Nordic American Tankers Ltd (NYSE: NAT) \u2013 An active period going forward","datePublished":"2025-02-05T14:34:01+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nordic-american-tankers-ltd-nyse-nat-an-active-period-going-forward\/"},"wordCount":605,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nordic-american-tankers-ltd-nyse-nat-an-active-period-going-forward\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=MTAwMTA0Njg5MSM0MDIwNTU5NjIjMjA4Mzk1Mg==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nordic-american-tankers-ltd-nyse-nat-an-active-period-going-forward\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/nordic-american-tankers-ltd-nyse-nat-an-active-period-going-forward\/","name":"Nordic American Tankers Ltd (NYSE: NAT) \u2013 An active period going forward - 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