StockNews.AI
NAT
StockNews.AI
158 days

Nordic American Tankers Ltd (NYSE: NAT) – The NAT fleet is expanding, providing room for continued dividend payments

1. NAT acquired a suezmax tanker to enhance its fleet. 2. Another sister vessel is expected in April 2025. 3. Both vessels are fully financed, increasing earnings potential. 4. The NAT fleet will consist of 21 suezmax tankers post-acquisition. 5. 2025 is anticipated to be active for NAT's growth strategy.

6m saved
Insight
Article

FAQ

Why Bullish?

NAT's acquisition of new vessels typically enhances its operational capacity and revenue generation. Historical instances show fleet expansions often lead to increased stock prices.

How important is it?

The acquisitions represent a significant strategic move to bolster NAT’s fleet, potentially increasing investor interest with enhanced revenue prospects.

Why Short Term?

The imminent delivery of the vessels within Q1 and Q2 2025 will provide immediate operational capacity boost.

Related Companies

STNGDHTFRO
March 14, 2025 08:00 ET  | Source: Nordic American Tankers Limited Friday, March 14, 2025 Dear Shareholders and Investors, As previously communicated, we recently acquired a Sungdong (South-Korea) built suezmax tanker from a first-class owner. The vessel is expected to be delivered to NAT at the end of this month (March 2025).  Sungdong was controlled by the Samsung group at the time. The vessel has been owned by the same company since it was built in 2016. We have now agreed to acquire a sister vessel, from the same owner, also built in 2016 at the same South-Korean yard. This vessel will be delivered to NAT within April this year. The price to NAT is in the mid/high USD 60s. Both vessels are fully financed and will provide additional earnings and dividend capacity. Following these transactions , the NAT fleet will consist of 21 well maintained suezmax tankers. We follow the plan to acquire ships and sell a few units. 2025 is expected to be an active year for NAT, which is in a strong position. Sincerely, Herbjorn HanssonFounder, Chairman & CEO Nordic American Tankers Ltd.                                                        www.nat.bm  CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS 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. 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 “believe,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “plan,” “potential,” “will,” “may,” “should,” “expect,” “pending” and similar expressions identify forward-looking statements. 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’s 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. 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’s 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. Contacts:        Bjørn Giæver, CFO                                                             Nordic American Tankers Ltd                                             Tel: +1 888 755 8391                                   Alexander Kihle, Finance ManagerNordic American Tankers LtdTel: +47 91 724 171    

Related News