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Nordic American Tankers Ltd (NYSE: NAT) – Excellent business conditions for NAT

  • Nordic American Tankers CEO Herbjorn Hansson gave a live interview to CNBC on Monday, July 13, 2026, addressing the Strait of Hormuz situation.
  • The company confirmed it successfully retrieved three ships trapped in the Arabian Gulf since February 28, 2026, which are now trading worldwide.
  • There are no significant insurance issues related to the ships' previous stay in the Arabian Gulf.
  • A scarcity of vessels is driving very high rates for the company's one million barrel Suezmax tankers, a trend expected to persist for one to two years.
  • The operational situation for NAT remains consistent regardless of whether the Strait of Hormuz is open or closed.
  • Over the past five years, NAT ships have loaded or discharged cargo in 68 countries.
  • More than 50% of NAT's business is conducted with the world's largest oil companies, with whom the company reports excellent experience.
  • The CEO emphasized a continuous commitment to improvement despite current strong market rates.
  • Contact details for CFO Bjørn Giæver & Finance Manager Alexander Kihle are available for further inquiries.