Nordic American Tankers Reports High Rates; Ships Released from AG

Nordic American Tankers (NAT) reports that tanker rates for its one million barrel suezmaxes remain very high, with expectations for this trend to continue for at least one to two years due to a scarcity of ships. The company successfully secured the release of three ships that had been trapped in the Arabian Gulf since February 28, 2026, with no significant insurance issues. NAT highlights its extensive global operations, having loaded/discharged in 68 countries over the past five years, and notes that over 50% of its business is conducted with major oil companies.