NAT Signs Contracts for Two Suezmax Tankers at $86 Million Each
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 16 2026
0mins
In a letter to shareholders, CEO Herbjorn Hansson said, "I am pleased to inform you that the following transactions have been carried through: The earlier announced preliminary agreements for the construction of two suezmax tankers have now been signed.The price is $86 million for each ship. The South Korean shipyard Daehan Shipbuilding is the builder. The ships will be delivered to NAT in 2028. This week we have also finalized the previously announced sale of two vessels built 2004 and 2005. The two ships have been delivered to the buyer. The net cash to NAT is $50M. These transactions show an active period. We have refinanced parts of our fleet, sold four ships, bought two ships, and ordered two newbuildings. We experience a very favorable tanker market. NAT is in a solid position."
Discover Tomorrow's Bullish Stocks Today
Receive free daily stock recommendations and professional analysis to optimize your portfolio's potential.
Sign up now to unlock expert insights and stay one step ahead of the market trends.
Analyst Views on NAT
Wall Street analysts forecast NAT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for NAT is 3.00 USD with a low forecast of 3.00 USD and a high forecast of 3.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 4.190
Low
3.00
Averages
3.00
High
3.00
Current: 4.190
Low
3.00
Averages
3.00
High
3.00
About NAT
Nordic American Tankers Limited is an international tanker company focusing solely on owning, operating, and chartering of Suezmax tankers. The Company has a fleet of approximately 20 Suezmax crude oil tankers. Its Suezmax vessels have a carrying capacity of one million barrels of oil. The Company's tankers operating in the spot market are chartered for a single voyage. The vessels in the Company's fleet are homogenous and interchangeable as they have the same freight capacity and ability to transport the same type of cargo. Its vessels include Nordic Pollux, Nordic Apollo, Nordic Luna, Nordic Castor, Nordic Freedom, Nordic Sprinter, Nordic Skier, Nordic Vega, Nordic Light, Nordic Cross, Nordic Breeze, Nordic Zenith, Nordic Star, Nordic Space, Nordic Aquarius, Nordic Cygnus, Nordic Tellus, Nordic Hunter and Nordic Harrier.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Dividend Stocks Gain Favor Amid Market Turbulence
- Investor Preference: During turbulent and uncertain market conditions, many investors are turning to dividend-yielding stocks, which typically have high free cash flows and reward shareholders with substantial dividends, indicating a strong demand for stable income.
- Analyst Ratings: Benzinga provides the latest analyst ratings for three high-yielding energy stocks, including Nordic American Tankers Ltd (NYSE:NAT), Kimbell Royalty Partners LP (NYSE:KRP), and Western Midstream Partners LP (NYSE:WES), offering decision-making support for investors.
- Market Trends: As market volatility increases, the appeal of dividend stocks rises, with investors seeking to mitigate investment risks through stable cash flows, potentially driving demand and prices for these stocks higher.
- Analyst Accuracy: Benzinga's analyst ratings page allows traders to sort ratings by analyst accuracy, helping investors identify the most promising high-yield stocks and enhancing the scientific basis of their investment decisions.
Continue Reading
Nordic American Tankers Ltd Signs Contracts for Two Suezmax Tankers at $86 Million Each
- New Ship Orders: Nordic American Tankers Ltd has signed contracts with Daehan Shipbuilding for the construction of two Suezmax tankers at $86 million each, expected to be delivered in 2028, thereby enhancing the company's competitive position in the tanker market.
- Asset Sales: The company has finalized the sale of two vessels built in 2004 and 2005, generating net cash proceeds of $50 million, which aids in optimizing asset structure and improving liquidity.
- Market Environment: The current favorable tanker market conditions allow the company to actively engage in fleet refinancing and transactions, demonstrating its solid position and growth potential within the industry.
- Strategic Adjustments: By selling four vessels and ordering two new ones, Nordic American Tankers Ltd showcases its ability to adapt to market changes, aiming to further enhance operational efficiency and increase market share.
Continue Reading