Nordic American Tankers Ltd (NYSE: NAT) – A tumultuous situation creates strong results

Core Viewpoint - The company anticipates strong results for the first quarter of 2026, significantly better than the last quarter of 2025, indicating a positive outlook amidst tumultuous conditions [1]. Fixture Performance - Fixture 1: TCE from the US Gulf to the Far East is USD 175,000 over 85 days [1]. - Fixture 2: TCE from West Africa to Asia is USD 77,000 over 65 days [2]. - Fixture 3: A 90-day fixture with a TCE rate of USD 88,000 per day [2]. - Fixture 4: TCE from the Baltic to Asia is USD 150,000 over 60 days [2]. - Fixture 5: TCE from Guyana to Europe is USD 41,000 over 58 days [3]. - Fixture 6: TCE from West Africa to Asia is USD 94,000 over 54 days [3]. Operating Costs - The company's operating costs are approximately USD 9,000 per day [3].