Nordic American Tankers (NAT) Reaches an Agreement to Sell 2005 Built Ship for $40M

Nordic American Tankers Limited (NYSE:NAT) is one of the 10 Best Shipping Stocks to Buy According to Analysts.

On March 17, 2026, Nordic American Tankers Limited (NYSE:NAT) said that it had reached an agreement to sell a 2005-built tanker for around $40 million. CEO Herbjorn Hansson stated that the firm anticipates fleet growth in the next few years and described the company as being in a strong position with promising prospects.

Nordic American Tankers Limited (NYSE:NAT) reported $11.7 million in net income and $34.7 million in EBITDA for the fourth quarter of 2025. The corporation earned an average fleet-wide TCE of $35,000 per day, a 25% increase over the previous quarter, with an operating cost of $9,000 per day per ship. NAT issued a $0.17 per share dividend, payable on March 24, 2026, marking its 114th straight quarterly payout. The firm booked over two-thirds of 1Q26 spot days at $55,000 per day and signed a one-year fixed contract with an oil giant for more than $50,000 per day. NAT had more than $100 million in cash and planned to expand its fleet through new builds and acquisitions.

Nordic American Tankers (NAT) Reaches an Agreement to Sell 2005 Built Ship for $40M

Photo by redcharlie on Unsplash

Nordic American Tankers Limited (NYSE:NAT) is a global tanker firm. It owns and operates the Suezmax crude oil tankers.

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