NORDIC AMERICAN TANKERS Ltd

# NORDIC AMERICAN TANKERS Ltd

Nordic American Tankers Limited operates a fleet of double-hull crude oil tankers engaged in the seaborne transportation of crude oil. The company owns and charters Suezmax-class vessels, which are among the largest tankers capable of transiting the Suez Canal. As of December 31, 2024, the fleet comprised 20 Suezmax tankers. The company generates revenue through time-charter arrangements and spot market voyages, providing shipping services to oil majors, refiners, and trading companies globally.

Revenue is derived primarily from the chartering of crude oil tankers in international markets. Rates fluctuate based on supply and demand dynamics within the shipping industry, vessel availability, and global crude oil trade flows. The company's operations span major shipping routes connecting crude oil production regions with refining centers worldwide.

Nordic American Tankers Limited was incorporated in 1995 and maintains its headquarters in Hamilton, Bermuda. The company is publicly traded on the New York Stock Exchange.