Nordic American Tankers Ltd (NYSE: NAT) - A NAT Suexmax tanker today commenced a one year Time Charter contract

September 21, 2022

Dear Shareholders and Investors,

One of our suezmax tankers (2010 built) today commenced a 1 year Time Charter Contract with one of the world's largest energy companies at a rate in excess of $ 30,000 per day.

The NAT fleet is counting 20 suezmax vessels. The uniform fleet of suezmax tankers only is a trademark of NAT.

The operating expenses of our vessels are on average $8,000 per day.

This is one example showing that NAT is well placed for the significant upswing we now see in rates for our ships.

For contacts, please see at the end of this communication.

Sincerely,

Herbjorn Hansson
Founder, Chairman & CEO
Nordic American Tankers Limited

Nordic American Tankers Ltd, press release