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December 18, 2025
Dear Shareholders and Investors,
NAT has today entered into firm agreements to sell two suezmax tankers (2004 and 2005-built) at a net price of $50 million for both vessels, improving our cash position correspondingly.
The vessels are expected to be delivered to the buyers during January 2026. Both vessels are debt free. We expect to record a book profit from the sale of the two ships of about $14 million.
As advised you earlier, we have entered into a preliminary agreement to have two newbuildings constructed at a South-Korean shipyard for delivery to us in in the second half of 2028. A firm agreement is expected to be signed in January 2026.
Prospects for our group are good.
Sincerely,
Herbjorn Hansson
Founder, Chairman & CEO
Nordic American Tankers Ltd.
Nordic American Tankers Ltd, press release
