Thursday, March 7, 2024
Dear Shareholders and Investors,
We have recently concluded the following fixtures:

  * Nordic Castor (2004) was fixed to a Far Eastern Major for a voyage from
    Arabian Gulf to Singapore. The TCE is USD 34,000 over 30 days.
  * Nordic Space (2017) was fixed to a Major for a voyage from Europe to
    Singapore (routed via South Africa). The TCE is USD 70,000 over 51 days.
  * Nordic Star (2016) was fixed to a Major for a voyage from South America to
    Europe. The TCE is USD 30,000 over 43 days.
  * Nordic Luna (2004) was fixed to a Far Eastern Major for a voyage from
    Arabian Gulf to Singapore. The TCE is USD 38,000 over 34 days.
  * Nordic Pollux (2003) was fixed to an Oil Trader for a voyage intra-Middle
    East. The TCE is USD 32,000 over 37 days.

The numbers above are approximations. The operating costs for our ships are
about USD 9,000 per day per ship.
There is a strong market for NAT, facilitating a pursuit of an aggressive
dividend policy. US exports are on the rise, as is Chinese imports, supporting
transportation work.
Sincerely,
Herbjorn Hansson
Founder, Chairman & CEO
Nordic American Tankers Ltd.

     www.nat.bm (http://www.nat.bm)
            CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

Matters discussed in this press release may constitute forward-looking
statements. The Private Securities Litigation Reform Act of 1995 provides safe
harbor protections for forward-looking statements in order to encourage
companies to provide prospective information about their business. Forward-
looking statements include statements concerning plans, objectives, goals,
strategies, future events or performance, and underlying assumptions and other
statements, which are other than statements of historical facts.
The Company desires to take advantage of the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995 and is including this
cautionary statement in connection with this safe harbor legislation. The words
"believe," "anticipate," "intend," "estimate," "forecast," "project," "plan,"
"potential," "will," "may," "should," "expect," "pending" and similar
expressions identify forward-looking statements.
The forward-looking statements in this press release are based upon various
assumptions, many of which are based, in turn, upon further assumptions,
including without limitation, our management's examination of historical
operating trends, data contained in our records and other data available from
third parties. Although we believe that these assumptions were reasonable when
made, because these assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible to predict and
are beyond our control, we cannot assure you that we will achieve or accomplish
these expectations, beliefs or projections. We undertake no obligation to update
any forward-looking statement, whether as a result of new information, future
events or otherwise.
Important factors that, in our view, could cause actual results to differ
materially from those discussed in the forward-looking statements include the
strength of world economies and currencies, general market conditions, including
fluctuations in charter rates and vessel values, changes in demand in the tanker
market, as a result of changes in OPEC's petroleum production levels and
worldwide oil consumption and storage, changes in our operating expenses,
including bunker prices, drydocking and insurance costs, the market for our
vessels, availability of financing and refinancing, changes in governmental
rules and regulations or actions taken by regulatory authorities, potential
liability from pending or future litigation, general domestic and international
political conditions, potential disruption of shipping routes due to accidents
or political events, vessels breakdowns and instances of off-hires and other
important factors described from time to time in the reports filed by the
Company with
the Securities and Exchange Commission, including the prospectus and related
prospectus supplement, our Annual Report on Form 20-F, and our reports on Form
6-K.
Contacts:
Bjørn Giæver, CFO
Nordic American Tankers Ltd
Tel: +1 888 755 8391
Alexander Kihle, Finance Manager
Nordic American Tankers Ltd
Tel: +47 91 724 171
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