Nordic American Tankers CEO Herbjorn Hansson said in a CNBC interview that suezmax tanker rates remain very high due to a scarcity of ships and expects the strong market to continue for at least one to two years. Three NAT vessels that had been trapped in the Arabian Gulf since February 28, 2026, have been successfully extracted and are now trading worldwide, with no significant insurance issues arising from their stay. Hansson noted that more than half of NAT's business is with the world's largest oil companies and that the company's ships have loaded or discharged in 68 countries over the past five years. He added that the company remains vigilant for unforeseen risks despite the favorable conditions.
Nordic American Tankers LimitedCEO states suezmax rates remain very high due to ship scarcity and expects strong market to continue for 1-2 years.