Nordic American Tankers (NAT) Surges Amid Boost for Shipping Industry

The share price of Nordic American Tankers Limited (NYSE:NAT) surged by 8.07% between October 10 and October 17, 2025, putting it among the Energy Stocks that Gained the Most This Week.

Nordic American Tankers (NAT) Surges Amid Boost for Shipping Industry

Nordic American Tankers Limited (NYSE:NAT) is a Bermuda-based international tanker company that specializes in operating Suezmax crude oil tankers.

Nordic American Tankers Limited (NYSE:NAT) was among the shipping stocks that shot up this week following a majority vote by the International Maritime Organization to defer its decision on a global carbon pricing system on the shipping industry by a year. Backed by the European Union, the plan was intended to force shipowners to start paying for the damage they do to the climate. However, the legally-binding carbon tax faced stiff opposition from Riyadh and Washington, with President Trump calling it a ‘scam tax’ and the State Department even laying out a series of threats against countries that supported it.

President Donald Trump wrote on his Truth Social platform on Thursday, October 16:

“I am outraged that the International Maritime Organization is voting in London this week to pass a global Carbon Tax. The United States will NOT stand for this Global Green New Scam Tax on Shipping and will not adhere to it in any way, shape, or form. We will not tolerate increased prices on American Consumers OR the creation of a Green New Scam Bureaucracy to spend YOUR money on their Green dreams. Stand with the United States, and vote NO in London tomorrow!”

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Disclosure: None.