Friday, May 15, 2026

Dear Shareholders and Investors,

Below is information related to contracts that have been concluded recently. 

Please note that the $ numbers and periods are approximations.

Our customers, leasing our ships, are large companies. 

Operating costs of our vessels are below $ 10,000 per day.

The present market conditions result in strengthening of the cash position of Nordic American Tankers – impacting positively the ability to pay dividend.  

March  -   $150,000 over 60 days

March  -   $75,000/day over 65 days

April     -   $198,000 over 68 days

May     -    $ 75,000 over 300 days

May     -    $ 95,000 over 70 days.

 

Sincerely,

Herbjorn Hansson

Founder, Chairman & CEO

Nordic American Tankers Ltd.                                                        

Contacts:       

Bjørn Giæver, CFO                                                             

Nordic American Tankers Ltd                                             

Tel: +1 888 755 8391                                  

Alexander Kihle, Finance Manager

Nordic American Tankers Ltd

Tel: +47 91 724 171    

For further information please see our homepage www.nat.bm