Nordic American Tankers Limited (NAT)

Nordic American Tankers Limited (NAT) is an international shipping company specializing in the ownership and operation of Suezmax crude oil tankers. Incorporated in Bermuda in 1995, the company's mission is to maximize shareholder value through the safe and environmentally responsible operation of its specialized tanker fleet, with a commitment to consistent, long-term dividend payments. Its registered office is located in Hamilton, Bermuda.

NAT operates as a pure-play Suezmax tanker company, transporting crude oil globally. The company generates revenue by chartering its standardized fleet of Suezmax tankers, which are vessels built to carry approximately one million barrels of oil and are capable of transiting the Suez Canal. These vessels are primarily employed in the volatile spot market, though they also engage in longer-term time charter agreements.

As of late 2025, Nordic American Tankers operates a fleet of 20 Suezmax tankers. The company is led by Founder, Chairman, and CEO Herbjørn Hansson. NAT is known for its consistent dividend policy, having paid 113 consecutive quarterly cash dividends since its initial stock listing. Recent market conditions, including geopolitical disruptions, have contributed to a tightening of Suezmax tanker supply and increased day rates, positively impacting the company's near-term earnings. The company is also focused on debt reduction.