Nordic American Tankers Limited (NAT)

Nordic American Tankers Limited (NAT) is a renowned international shipping company that primarily focuses on owning and operating Suezmax oil tankers. Founded in 1995, NAT has established itself as a major player within the tanker industry by providing reliable and efficient transportation of crude oil worldwide. The company is headquartered in Bermuda. NAT is led by Chairman and CEO Herbjørn Hansson, who has been instrumental in steering the company's strategic direction. The company's fleet is composed of Suezmax vessels, which are favored for their size and flexibility, allowing them to navigate crucial maritime routes such as the Suez Canal. NAT's business model emphasizes maintaining a balanced financial strategy, often focusing on time charter and spot market employment to maximize returns. Revenue for NAT can fluctuate based on global oil demand and shipping rates, reflecting the cyclical nature of the maritime industry. The company has historically been committed to returning capital to shareholders through dividends, a policy that is often well-received by its investors. As a public company, Nordic American Tankers is listed on the New York Stock Exchange under the ticker symbol "NAT."