Nordic American Tankers (NYSE:NAT) (NYSE: NAT) is a Bermuda-based shipping company primarily engaged in the transportation of crude oil through its fleet of Suezmax tankers. Founded in 1995, the company’s business model centers on acquiring, owning and operating large tankers capable of carrying roughly 1 million barrels of crude oil per voyage. By specializing in Suezmax vessels—widely used for cost-effective shipments on major trade routes—Nordic American Tankers has positioned itself as a key player in the global tanker market, serving charterers from international oil majors to commodity trading houses.
The company’s fleet is deployed on a combination of spot and period charters, which allows for a flexible approach to revenue generation. While spot charters enable Nordic American Tankers to capitalize on favorable market rates, time-charter agreements with fixed daily hire rates provide revenue stability. This dual strategy helps the company navigate volatile freight markets and align its operations with changing supply–demand dynamics in the crude oil trade. Maintenance and crew management adhere to stringent international safety and environmental regulations, reflecting the company’s commitment to industry best practices.
Nordic American Tankers’ vessels traverse key oceans and seas, including the Atlantic, Pacific and Indian Oceans. Typical trading corridors link crude-producing regions such as West Africa and the Middle East with refining centers in Europe, Asia and North America. With its headquarters in Hamilton, Bermuda, and a technical management office in Oslo, Norway, the company leverages geographic and regulatory advantages to optimize operational efficiency and cost-effectiveness. This global footprint supports long-term partnerships with major charterers and helps secure cargo employment across diverse market conditions.
Governance and strategic oversight are provided by a board of directors and a management team experienced in maritime operations and finance. Technical and commercial management services are outsourced to established ship management firms, ensuring compliance with international maritime standards and cost-efficient vessel operation. Under this governance structure, Nordic American Tankers maintains a focus on transparent reporting, disciplined capital allocation and proactive risk management, all of which underpin its objective to deliver sustainable shareholder value in the highly cyclical tanker industry.
