Nordic American Tankers Sells Two Suezmax Tankers for $50 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 18 2025
0mins
Source: Globenewswire
- Cash Flow Improvement: Nordic American Tankers has entered into firm agreements to sell two Suezmax tankers built in 2004 and 2005 for a net price of $50 million, which is expected to significantly enhance the company's cash position.
- Profit Expectations: The sale is anticipated to yield a book profit of approximately $14 million, further strengthening financial stability and providing funding for future investments.
- Delivery Timeline: The vessels are expected to be delivered to buyers in January 2026, ensuring timely execution of the transaction and minimizing market risk.
- Future Construction Plans: The company has entered into a preliminary agreement for two newbuildings at a South Korean shipyard for delivery in the second half of 2028, demonstrating confidence in future market conditions and expansion intentions.
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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.
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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.
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