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GlobeNewswire·

Nordic American Tankers Ltd (NYSE: NAT) - The Tanker Bonanza continues

  • The last 10 spot voyage fixtures for NAT tankers averaged 60 days in duration with a Time Charter Equivalent (TCE) of approximately $144,000 per day per vessel.
  • Spot market fixtures ranged from a low of $59,000 to a high of $347,000 per day, primarily scheduled for the fourth quarter of 2026.
  • Short-term market fluctuations are anticipated to persist.
  • Cash operating costs remain below $10,000 per day per ship.
  • Approximately 50% of the fleet is currently operating in the spot market, while the remainder is employed on solid charters.
  • CEO Herbjorn Hansson expects the company to continue paying healthy dividends due to market strength.
  • Third quarter 2026 financial numbers will be released on Monday, November 30, 2026.
Company
Nordic American Tankers Limited
Keywords
NYSE:NAT, Nordic American Tankers Limited, Nordic American Tankers