Nordic American Tankers Ltd has told investors that the company’s "very strong" market conditions for its ships are continuing, and that it is concluding employment contracts at levels it described as historically high. Sources published the report on 3 November 2026.
In a message addressed to shareholders and investors the company said it is entering into contracts at historically high levels not previously seen. The communication characterised current market conditions as very strong for the fleet.
The report also noted that recent falls in the price of oil are an advantage for the company, a point the firm highlighted without further operational detail. Management framed the lower oil price as a favourable development for the business.
Company assessment of conditions
Nordic American emphasised that the present strength of the market is reflected in the terms at which it is fixing voyages and employments. The company’s own wording stresses that the levels being secured in new contracts are exceptional in the firm’s experience.
Oil price and the company view
The note to investors drew attention to a decline in oil prices and the benefit that decline brings to the company, repeating that the change in oil price constitutes an advantage. No additional financial figures or forward projections were included in the item published by reports.
The language of the report is confined to the company’s assessment of the trading environment and the immediate implications it sees from prevailing oil prices. Beyond the assertions of historically high contract levels and the advantage of lower oil costs, the published summary does not provide further operational detail.
Sources carried the item under the title "Nordic American Tankers Ltd – Very strong market continues" on 3 November 2026, relaying the letter addressed to shareholders and investors. The published account relays the company’s own description of market dynamics and the firm’s perspective on oil-price movements.
The company’s short statement as reproduced by the publication sets out three clear points: that the market remains very strong for its ships, that the firm is entering contracts at historically high levels, and that lower oil prices are an advantage. The published note stops at these observations and offers no additional commentary or data.