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Nordic American Tankers sees strong rates amid ship scarcity, with three ships freed from Arabian Gulf.

Market News
14 Jul 2026
GlobeNewsWire
View Source
Bullish
pluang ai news

Nordic American Tankers Limited reports excellent business conditions due to a scarcity of ships, keeping rates for their one million barrel suezmax tankers very high. Three of their ships were trapped in the Arabian Gulf since February 28, 2026, but have now been freed and are trading worldwide. The company expects strong rates to continue for at least one to two years and maintains good relations with major oil companies globally. CEO Herbjorn Hansson emphasizes continuous improvement despite current favorable conditions.

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