NATNYSEWater TransportationUS GAAP · USD

Nordic American Tankers Limited

Nordic American Tankers Ltd is a U.S.-listed shipping company that owns and operates a fleet of Suezmax crude oil tankers. Its business is the transportation of crude oil on ocean routes for oil companies, oil traders, and other charterers through a standardized fleet structure centered on tanker operations.

Kysy yhtiöstä
Liikevaihto292milj. USD
−16,6 %v/v
Liikevoitto (EBIT)46,3milj. USD
−40,1 %v/v
EBIT-marginaali15,9%
−6,2 %-yks.v/v
Nettotulos12,3milj. USD
−73,7 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−2000200400milj. USD2020: 355 milj. USD2020: EBIT 81 milj. USD20202021: 191 milj. USD2021: EBIT −144 milj. USD20212022: 339 milj. USD2022: EBIT 42 milj. USD20222023: 392 milj. USD2023: EBIT 128 milj. USD20232024: 350 milj. USD2024: EBIT 77 milj. USD20242025: 292 milj. USD2025: EBIT 46 milj. USD202529246
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Nordic American Tankers Limited

Liiketoiminta

Osuus liikevaihdosta
Tanker vessel operations85 %

Transportation of crude oil using Suezmax tankers on the world shipping market.

Charter hire and voyage revenue10 %

Revenue earned from deploying vessels on spot and contracted charter arrangements.

Vessel sales5 %

Proceeds from selling vessels when the fleet is adjusted or refreshed.

Asiakkaat

The company serves major oil companies, oil traders, and other commercial charterers that need ocean transport for crude oil. These customers buy shipping capacity to move crude between production centers, storage hubs, and refining markets, with demand tied to tanker availability and oil trade flows.

Major oil companies

Charter tanker capacity to move crude oil between production and refining markets.

Oil traders

Buy spot or short-term shipping capacity to arbitrage global crude flows.

Refiners and commodity shippers

Use vessels to transport feedstock and crude cargoes across trade routes.

Spot charter market

Short-term charterers hire vessels when market conditions or freight needs change.

Strategia

The company’s strategy is to maintain a homogenous, high-quality Suezmax fleet and use that fleet across the crude tanker market. It emphasizes long-term customer relationships, a strong balance sheet, and disciplined operating costs so that free cash flow can be returned to shareholders through dividends.

Maintain a homogeneous Suezmax fleetPitkä aikaväli

Uniform vessels simplify operations, improve commercial flexibility, and support brand consistency with charterers.

Strengthen charterer relationshipsKeskipitkä aikaväli

Recurring business from oil companies and traders supports vessel employment and market access.

Return free cash flow to shareholdersLyhyt aikaväli

Dividend capacity is central to the company’s capital allocation model.

Maantiede

Nordic American Tankers operates globally, with vessels deployed on international crude oil trade routes rather than in a single home market. Its commercial exposure is tied to worldwide tanker demand, oil production patterns, and route disruptions across major shipping lanes, while corporate and listing ties are connected to the United States and Bermuda-linked corporate structure.

Riskit

Nordic American Tankers is exposed to highly cyclical tanker markets, where charter rates and vessel values can swing with oil trade flows, OPEC output, and global demand. Its operating results also depend on bunker fuel, drydocking, insurance, financing availability, vessel downtime, and geopolitical disruptions to shipping routes.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Tanker freight rate volatility1Oil demand and OPEC production shifts2Route disruption and political risk3Financing and refinancing availability4Operating cost inflation5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Tanker freight rate volatilityVaikutus: KorkeaTodennäköisyys: Korkea

    Revenue is tied to charter rates that fluctuate with vessel supply and crude trade demand.

    Kohdistuu: Spot tanker market

  2. Oil demand and OPEC production shiftsVaikutus: KorkeaTodennäköisyys: Korkea

    Changes in oil production and consumption alter ton-mile demand for crude transport.

    Kohdistuu: Global crude shipping

  3. Route disruption and political riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Accidents, conflicts, and political events can interrupt shipping lanes and cargo flows.

    Kohdistuu: Suez and other trade routes

  4. Financing and refinancing availabilityVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The fleet is capital intensive and depends on access to debt markets and lender support.

    Kohdistuu: Long-term debt

  5. Operating cost inflationVaikutus: KeskitasoTodennäköisyys: Korkea

    Bunker fuel, drydocking, and insurance costs can compress voyage economics.

    Kohdistuu: Voyage and vessel costs

Kysy Clarifolta: Nordic American Tankers Limited

Kirjanpito

Harkinnanvaraiset erät
Voyage revenue and voyage expenses

Timing of freight earnings and voyage costs can cause quarter-to-quarter swings in reported results.

Vaikutus: Affects earnings comparability across reporting periods

Depreciation of vessels

Tankers are long-lived assets and depreciation materially affects operating results.

Vaikutus: Large non-cash expense tied to fleet book value

Gain or loss on vessel sales

Fleet adjustments can create one-time accounting impacts when ships are sold.

Vaikutus: Can distort underlying operating performance

Drydocking and maintenance estimates

Shipping companies accrue major maintenance costs that may be recognized over time.

Vaikutus: Affects liabilities and period expenses

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Päivitetty: 28.9.2026