Nordic American Tankers Ltd (NYSE: NAT) – Newbuildings

Core Points - The company has agreed to a letter of intent (LOI) for the construction of two Suezmax tankers at a South Korean shipyard, with deliveries planned for the second half of 2028 [1] - The price for each tanker is set at USD 86 million, and the final contract is expected to be signed in early 2026 [1] Company Overview - Nordic American Tankers Ltd is led by Herbjorn Hansson, who serves as the Founder, Chairman, and CEO [2] - The company aims to leverage the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 to provide forward-looking statements regarding its business [3] Forward-Looking Statements - The forward-looking statements are based on various assumptions, including management's examination of historical operating trends and data from third parties [4] - The company acknowledges that these assumptions are subject to significant uncertainties and contingencies that are difficult to predict [4] Factors Affecting Performance - Important factors that could cause actual results to differ from forward-looking statements include global economic conditions, fluctuations in charter rates and vessel values, and changes in demand in the tanker market [5] - Other factors include operating expenses, availability of financing, regulatory changes, and potential disruptions in shipping routes [5][6]