Nordic American Tankers Limited·Industrials

Herbjorn Hansson, CEO of Nordic American Tankers, joins 'Squawk on the Street' to discuss shipping uncertainties related to the Iran war.

Here is how Nordic American Tankers (NAT) and Pacific Basin Shipping Ltd. (PCFBY) have performed compared to their sector so far this year.

Monday, March 23, 2026 Dear Shareholders and Investors, The present situation is tumultuous, leading to very strong results. The first quarter of 2026 is expected to be much better than the last quarter of 2025, which were reported February 26, 2026.

Tuesday, March 17, 2026 Dear Shareholders and Investors, This is to advise you that we have entered into an agreement to sell a 2005 built ship, at a price of about USD 40 million. We expect that our fleet will increase in the years to come.

Here is how Nordic American Tankers (NAT) and Pacific Basin Shipping Ltd. (PCFBY) have performed compared to their sector so far this year.

Oil prices have surged dramatically in early 2026, driven by the escalating Iran conflict and fears of Strait of Hormuz disruption.
Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 24 Suezmax crude oil tankers. The company was formerly known as Nordic American Tanker Shipping Limited and changed its name to Nordic American Tankers Limited in June 2011. The company was incorporated in 1995 and is based in Hamilton, Bermuda.