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Nordic American Tankers Ltd (NYSE: NAT) – A 2005 built vessel has been sold

globenewswire.com
NAT The sale of an older vessel for $40 million is a strategic move. While the company states its fleet will increase and prospects are good, the sale itself is a neutral event without further context on fleet expansion plans or market conditions.

Nordic American Tankers Ltd (NYSE: NAT) – A 2005 built vessel has been sold Tuesday, March 17, 2026

Dear Shareholders and Investors,

This is to advise you that we have entered into an agreement to sell a 2005 built ship, at a price of about USD 40 million.

We expect that our fleet will increase in the years to come.

The company is in a very solid position and prospects are good.

Sincerely,

Herbjorn Hansson

Founder, Chairman & CEO

Nordic American Tankers Ltd. www.nat.bm

Contacts:

Bjørn Giæver, CFO

Nordic American Tankers Ltd

Tel: +1 888 755 8391

Alexander Kihle, Finance Manager

Nordic American Tankers Ltd

Tel: +47 91 724 171