NAT

Shareholder Transactions: Alexander Hansson, Non-Executive Vice Chairman of Nordic American Tankers Ltd (NAT), and Herbjorn Hansson, Founder and CEO, each purchased 100,000 shares at $2.19, increasing the Hansson family's total ownership to 9,050,000 shares, making them the largest private shareholder group in the company.

Forward-Looking Statements Disclaimer: The press release includes a cautionary statement regarding forward-looking statements, highlighting the inherent uncertainties and risks that could cause actual results to differ from projections related to the company's performance and market conditions.

Company's Position: Nordic American Tankers Ltd. reassures shareholders of its strong position in volatile markets, emphasizing conservative maneuvers for growth.

Forward-Looking Statements Caution: The company includes a cautionary statement regarding forward-looking statements, highlighting uncertainties and factors that could affect actual results compared to projections.

Cigarettes & Tobacco Market Performance: Cigarettes and tobacco shares are underperforming, down approximately 2.1% overall, with Altria Group declining by about 3.9% and Philip Morris International by about 2%.

Sector Laggards: The transportation services sector is also noted as lagging on the same day alongside cigarettes and tobacco stocks.

ETF Analysis: The Vanguard U.S. Value Factor ETF (VFVA) has an implied analyst target price of $137.83, indicating a potential upside of 29.04% from its current trading price of $106.81.

Stock Performance Insights: Notable underlying holdings such as Borr Drilling Ltd, Denny's Corp, and Nordic American Tankers show significant upside potential based on analyst targets, raising questions about the validity of these optimistic projections.

Shareholder Update: Alexander Hansson, Non-Executive Vice Chairman of Nordic American Tankers Ltd., purchased 100,000 shares at $2.4975 each, increasing his family's total ownership to 8,750,000 shares, making them the largest private shareholder group in the company.

Forward-Looking Statements Disclaimer: The press release includes cautionary statements regarding forward-looking statements, highlighting uncertainties and factors that could cause actual results to differ from projections, such as market conditions and operational expenses.

Acquisition of Tankers: Nordic American Tankers Ltd has acquired a suezmax tanker built in South Korea, with delivery expected by the end of March 2025, and has agreed to acquire a sister vessel for delivery in April 2025, both fully financed and enhancing earnings potential.

Future Outlook: The company anticipates an active year in 2025, aiming to expand its fleet to 21 well-maintained suezmax tankers while continuing its strategy of acquiring ships and selling some units.

Nordic American Tankers Filing: Nordic American Tankers (NAT) has filed a $200 million mixed securities shelf registration to optimize its investment strategies.

Strategic Focus for 2025: The company aims to renew and expand its fleet in 2025, indicating positive growth and strategic expansion plans.

Nordic American Tankers Filing: Nordic American Tankers has filed for a $200 million mixed securities shelf, which is not an offer to sell.

Tanker Market Update: Tanker rates are increasing due to sanctions and strong demand for loading oil from the Mideast.

Dividend Declaration: Nordic American Tankers has declared a quarterly dividend of $0.06 per share, consistent with previous dividends, payable on March 24 to shareholders recorded by March 10.

Market Outlook: The company is facing limited downside protection against weaknesses in the Suezmax market, while tanker rates are rising due to sanctions and strong demand for Mideast oil.

Company Growth and Financial Performance: Nordic American Tankers (NAT) is focused on long-term growth, having achieved a net voyage revenue of $225 million in 2024, with plans to enhance profitability through the purchase of new vessels and the sale of older ones. The company declared a dividend of $0.06 per share for the fourth quarter, marking its 110th consecutive quarterly cash dividend.

Future Prospects and Compliance: NAT anticipates increased transportation work due to new U.S. sanctions on oil trades, while maintaining compliance by not transporting Russian oil for over three years. The company has secured a $150 million financing agreement, allowing for greater financial flexibility and the ability to exercise purchase options on additional vessels.

Fleet Renewal Plans: CEO Herbjorn Hansson announced plans to renew and grow the fleet by buying two or three ships and selling an equal number, starting with the sale of a 2003-built suezmax for $22.5 million, which will enhance the company's financial position.

Financial Strategy and Dividends: The company, which has paid dividends for 109 consecutive quarters since its listing in 1995, aims to prioritize dividends while increasing liquidity and financial flexibility through partnerships with Beal Bank and Ocean Yield.

Oil Shipping Rates Surge: Oil shipping rates are rising due to tightening tanker supply from U.S. sanctions on Russia and increased demand for Middle Eastern oil, with rates for Very Large Crude Carriers (VLCCs) reaching WS70.45, a 15% increase in one day.

Increased Freight Costs: The cost to ship crude from the U.S. Gulf to China has risen to approximately $8.7 million per voyage, while tanker freight costs for petroleum products have climbed about 10% since the beginning of the week.

Surge in Freight Rates: Freight rates for Very Large Crude Carriers (VLCCs) have increased significantly due to expanded U.S. sanctions on Russia's oil industry, with daily rates from the Middle East to China rising 39% to $37,800, the highest since October.

Impact on Shipping and Stocks: The sanctions have affected about 35% of tankers involved in transporting Russian oil, leading to a spike in shipping costs, including a $360K increase for voyages from the U.S. Gulf to China, while various tanker stocks are being monitored for potential impacts.

US Shipping Stocks Surge: Shares of US shipping companies rose significantly following the US government's decision to blacklist China's Cosco Shipping Holdings and two shipbuilders due to alleged military ties, leading to increased scrutiny in the marine transport sector.

Market Reaction and Implications: Despite the lack of specific penalties from the blacklist, analysts suggest that while it may limit direct dealings with Cosco, it is unlikely to severely disrupt trade flows between the US and China, as investors remain optimistic about opportunities for American firms.

Market Performance: The S&P 500 has seen gains driven by semiconductor and software stocks, while sectors like healthcare and consumer staples are experiencing declines due to rising bond yields and a stronger dollar. Nvidia's stock is on the rise, nearing its all-time high.

Sector Highlights: Significant drops in health care and consumer product stocks were noted, with companies like Humana and Procter & Gamble down substantially from their highs. Additionally, egg prices are soaring due to bird flu concerns, impacting Cal-Maine Foods' upcoming quarterly report.

Shareholder Update: Alexander Hansson, Non-Executive Vice Chairman of Nordic American Tankers Ltd., purchased 300,000 shares at $2.54 each, increasing his family's total holdings to 8,550,000 shares, making them the largest private shareholder group in the company.

Forward-Looking Statements Caution: The company included a cautionary statement regarding forward-looking statements, highlighting uncertainties and factors that could cause actual results to differ from projections, such as market conditions and operational expenses.

Shareholder Update: Alexander Hansson, Non-Executive Vice Chairman of Nordic American Tankers Ltd., purchased 100,000 shares at $2.5125 each, increasing his family's total holdings to 8,250,000 shares, making them the largest private shareholder group in the company.

Forward-Looking Statements Disclaimer: The company includes a cautionary statement regarding forward-looking statements, emphasizing the inherent uncertainties and factors that could cause actual results to differ from projections.

Shareholder Update: Herbjorn Hansson, the Founder and CEO of Nordic American Tankers Ltd, announced the purchase of 100,000 shares at USD 2.6129 each, increasing the Hansson family's total ownership to 8,150,000 shares, making them the largest private shareholder group in the company.

Cautionary Statement: The press release includes a cautionary note regarding forward-looking statements, emphasizing that actual results may differ due to various uncertainties and factors affecting the company's performance.

Shareholder Update: Alexander Hansson, Non-Executive Vice Chairman of Nordic American Tankers Ltd, purchased 50,000 shares at $2.6932 each, increasing his family's total holdings to 8,050,000 shares, making them the largest private shareholder group in the company.

Forward-Looking Statements Disclaimer: The press release includes cautionary statements regarding forward-looking statements, highlighting uncertainties and factors that could cause actual results to differ from projections, such as market conditions and operational expenses.

Shareholder Update: Herbjorn Hansson, the CEO of Nordic American Tankers Ltd., announced the purchase of 194,341 shares in the company, increasing the Hansson family's total ownership to 8,000,000 shares, making them the largest private shareholder group. Additionally, his son Alexander Hansson has increased his stake to 3,550,000 shares.

Forward-Looking Statements Disclaimer: The press release includes a cautionary statement regarding forward-looking statements, highlighting the uncertainties and risks that could affect future performance, including market conditions, operating expenses, and regulatory changes.