Nordic American Tankers Limited
nat.bmWhat Do They Do?
Charters crude-oil tankers to carry oil for international oil companies, oil traders and independent oil companies.
20-F for FY2025, filed Apr 29, 2026
How Do They Make Money?
Spot charterers pay freight after the cargo is discharged; time charterers pay for use of a vessel over the charter term.
20-F for FY2025, filed Apr 29, 2026
-
20-F for FY2025, filed Apr 29, 2026
FY2025 revenue by product or service ↗
$291.7M
-
20-F for FY2025, filed Apr 29, 2026
$291.7M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Spot Charter
Sold outright
20-F for FY2025, filed Apr 29, 2026 |
73%
FY2022: 87%
|
Spot Charter, FY2025
$212M Sources
|
Sold outright |
|
Time Charter
Recurring
20-F for FY2025, filed Apr 29, 2026 |
27%
FY2022: 13%
|
Time Charter, FY2025
$79.7M Sources
|
Recurring |
Who Are Their Customers?
Customers book vessels for single voyages in the spot market or hire them under time-charter agreements.
20-F for FY2025, filed Apr 29, 2026It is our policy to operate the majority of our vessels either in the spot market or on shorter-term time charters. Large international oil…View ↗
Spot Charters: Tankers operating in the spot market are typically chartered for a single voyage which may last up to several weeks. Under a…View ↗
Time Charters: Under a time charter, the charterer is responsible and pays for the voyage expenses, such as port, canal and fuel costs…View ↗
20-F for FY2025, filed Apr 29, 2026
For the years ending December 31, 2025, December 31, 2024, and December 31, 2023, two customers accounted for 18.14%, two customers…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 4 cents of every revenue dollar as net income in FY2025.
20-F for FY2025, filed Apr 29, 2026
How Are They Changing?
Growing. Revenue grew 53% in 4 years, from $191.1M in FY2021 to $291.7M in FY2025, about 11% a year.
Loading...
