<SEC-DOCUMENT>0000919574-25-001785.txt : 20250305
<SEC-HEADER>0000919574-25-001785.hdr.sgml : 20250305
<ACCEPTANCE-DATETIME>20250305165135
ACCESSION NUMBER:		0000919574-25-001785
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20241231
FILED AS OF DATE:		20250305
DATE AS OF CHANGE:		20250305

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NORDIC AMERICAN TANKERS Ltd
		CENTRAL INDEX KEY:			0001000177
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER TRANSPORTATION [4400]
		ORGANIZATION NAME:           	01 Energy & Transportation
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13944
		FILM NUMBER:		25712057

	BUSINESS ADDRESS:	
		STREET 1:		SWAN BUILDING
		STREET 2:		26 VICTORIA STREET
		CITY:			HAMILTON HM12
		STATE:			D0
		ZIP:			00000
		BUSINESS PHONE:		(441) 292-7202

	MAIL ADDRESS:	
		STREET 1:		SWAN BUILDING
		STREET 2:		26 VICTORIA STREET
		CITY:			HAMILTON HM12
		STATE:			D0
		ZIP:			00000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NORDIC AMERICAN TANKER SHIPPING LTD
		DATE OF NAME CHANGE:	19950906
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
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<TEXT>
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    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 18pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 18pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Washington, D.C. 20549</div>
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    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 18pt; font-weight: bold;">FORM 6-K</div>
    <div style="color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">&#160;</div>
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    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">REPORT OF FOREIGN PRIVATE ISSUER</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">PURSUANT TO RULE 13A-16 OR 15D-16 OF</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">THE SECURITIES EXCHANGE ACT OF 1934</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">For the month of March 2025</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Commission File Number: 001-13944</div>
    <div style="color: #000000; font-family: 'Times New Roman', serif; font-size: 9pt;">&#160;</div>
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    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 18pt; font-weight: bold;">NORDIC AMERICAN TANKERS LIMITED</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 7.5pt; font-weight: bold;">(Translation of registrant&#8217;s name into English)</div>
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    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Swan building, 26 Victoria Street, Hamilton, HM12, Bermuda</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 7.5pt; font-weight: bold;">(Address of principal executive office)</div>
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    </div>
    <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Form 20-F <font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9746;</font> Form 40-F <font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</font><br>
      <div style="text-align: left; color: #000000; font-size: 9pt;">&#160;</div>
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      <div><br>
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      <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">INFORMATION CONTAINED IN THIS FORM 6-K REPORT</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">Attached as <a href="d11621674_ex1.htm">Exhibit 1</a>
        is a press release of Nordic American Tankers Limited (the "Company") dated February 28, 2025, announcing the Company&#8217;s dividend and earnings report for the fourth quarter of 2024.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">The information contained in this Report on Form 6-K is hereby incorporated by reference into the Company&#8217;s Registration Statement
        on Form F-3 (File No. 333-261630), filed with the U.S. Securities and Exchange Commission with an effective date of February 14, 2022.</div>
      <div style="color: #000000; font-family: 'Times New Roman', serif;"> <br>
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        <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">SIGNATURES</div>
        <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;"> <br>
        </div>
        <div style="color: #000000; font-family: 'Times New Roman', serif;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the
          undersigned, thereunto duly authorized.</div>
        <div><br>
        </div>
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                <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">NORDIC AMERICAN TANKERS LIMITED</div>
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                <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
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                <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">(registrant)</div>
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                <div style="color: #000000; font-family: 'Times New Roman', serif;">Dated: March 5, 2025</div>
              </td>
              <td style="width: 5%; vertical-align: top;">
                <div style="color: #000000; font-family: 'Times New Roman', serif;">By:</div>
              </td>
              <td style="width: 78%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="color: #000000; font-family: 'Times New Roman', serif;">/S/ HERBJ&#216;RN HANSSON</div>
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              <td style="width: 78%; vertical-align: top;">
                <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Herbj&#248;rn Hansson</div>
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                <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
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                <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
              </td>
              <td style="width: 78%; vertical-align: top;">
                <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Chairman, President, and Chief Executive Officer</div>
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<DOCUMENT>
<TYPE>EX-1
<SEQUENCE>2
<FILENAME>d11621674_ex1.htm
<TEXT>
<html>
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    <!-- Licensed to: Seward Kissel LLP
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    <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Exhibit 1</div>
    <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;"> <br>
    </div>
    <div style="text-align: left; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif; font-weight: bold;"> <img src="image00001.jpg">
      <div style="font-variant: small-caps;"><br>
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      <div>
        <div style="font-size: 11pt; font-weight: bold; font-variant: small-caps;"><font style="font-variant: normal;">Nordic American Tankers</font> L<font style="font-variant: normal;">imited (NYSE: NAT) &#8211; Report as per December 31, 2024<font style="font-family: 'Times New Roman', serif;"><br>
            </font>&#8211; The direction is upwards. Dividend payments continue and are 6 cents this quarter.</font></div>
        <div style="font-variant: normal;"><br>
        </div>
        <div><font style="font-size: 11pt; font-weight: bold; font-variant: normal;">Friday, February 28, 2025<font style="font-family: 'Times New Roman', serif;"><br>
            </font></font><font style="font-variant: normal;"><br>
          </font></div>
        <div style="font-variant: normal;"><br>
        </div>
        <div style="font-size: 11pt; font-variant: normal; font-weight: bold;">Ninety day periods offer a short-term snapshot of a company, but it is more instructive to look at the bigger, longer-term picture. The direction of NAT is unquestionably
          upwards as we create room for profitable growth. Whatever we do, dividends remain our primary objective.</div>
        <div style="margin-bottom: 8pt; font-variant: normal;"><br>
        </div>
        <div style="margin-bottom: 8pt; font-size: 11pt; font-variant: normal; font-weight: bold;">As part of our plan to buy a few ships and sell a few ships, we have since the end of 2024 agreed to purchase one 2016-built suezmax tanker from a first
          class owner. The vessel will be delivered to NAT during the second quarter of this year. The price is in the mid/high 60&#8217;s. The new unit will provide additional earnings and dividend capacity to NAT. We expect the vessel to be financed with cash
          and lease financing.</div>
        <div style="font-variant: small-caps;"><br>
        </div>
        <div style="margin-bottom: 8pt; font-size: 11pt; font-variant: normal; font-weight: bold;">As previously advised, we have sold one of our 2003-built suezmax tankers and the vessel was delivered to its new owners earlier this week. The proceeds from
          this sale ($23 mill) will also enhance our financial flexibility.</div>
        <div style="font-variant: small-caps;"><br>
        </div>
        <div style="font-family: 'Times New Roman', serif; font-size: 11pt; font-variant: small-caps;"><font style="font-family: 'Times New Roman',serif; font-weight: bold; font-variant: normal;">Highlights:</font><font style="font-variant: normal;">&#160;</font></div>
        <div style="font-variant: normal;"><br>
        </div>
        <div>
          <table cellspacing="0" cellpadding="0" id="zc50d85cc81204cd688834e56c541383f" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 8pt; width: 100%; text-align: left; color: #000000;">

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                  <div style="text-align: left; margin-bottom: 8pt; font-family: 'Times New Roman',serif; font-size: 11pt; font-weight: bold;">1</div>
                </td>
                <td style="width: auto; vertical-align: top; font-variant: normal;">
                  <div style="margin-bottom: 8pt; font-family: 'Times New Roman',serif; font-size: 11pt; font-weight: bold;">NAT achieved a net voyage revenue for the full year 2024 of $225 million and a net result of $46<font style="font-family: Calibri,sans-serif;">.</font>6 million. The average time charter equivalent (TCE) for our fleet (spot &amp; TC vessels) during the fourth quarter of 2024 came in at $26,416 per day per ship, leaving NAT with a solid operating margin
                    as running costs per vessel are about $9,000 per day.</div>
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        </div>
        <div style="margin-bottom: 8pt; font-variant: normal;"><br>
        </div>
        <div>
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                  <div style="text-align: left; margin-bottom: 8pt; font-family: 'Times New Roman',serif; font-size: 11pt; font-weight: bold;">2</div>
                </td>
                <td style="width: auto; vertical-align: top; font-variant: normal;">
                  <div style="margin-bottom: 8pt; font-family: 'Times New Roman',serif; font-size: 11pt; font-weight: bold;">The dividend for the fourth quarter is 6 cents ($0.06) per share. This is our 110<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> consecutive quarterly cash dividend
                    declaration. The dividend is payable March 24, 2025, to shareholder on record as of March 10, 2025.</div>
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        </div>
        <div style="margin-bottom: 8pt; font-variant: normal;"><br>
        </div>
        <div>
          <table cellspacing="0" cellpadding="0" id="zb35963998875428eb4f0fd74ad54781f" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 8pt; width: 100%; text-align: left; color: #000000;">

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                  <div style="text-align: left; margin-bottom: 8pt; font-family: 'Times New Roman',serif; font-size: 11pt; font-weight: bold;">3</div>
                </td>
                <td style="width: auto; vertical-align: top; font-variant: normal;">
                  <div style="margin-bottom: 8pt; font-family: 'Times New Roman',serif; font-size: 11pt; font-weight: bold;">The new administration in the White House is increasing the pressure on sanctioned oil trades and sanctioned vessels. This is one
                    reason why we are optimistic about prospects for 2025, as there will be more transportation work for NAT, a fully compliant company in all respects.&#160; NAT has not transported Russian oil the last 3.5 years.</div>
                </td>
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        </div>
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        </div>
        <div>
          <table cellspacing="0" cellpadding="0" id="zf89e7a012d794a288e495dec91c56a04" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 8pt; width: 100%; text-align: left; color: #000000;">

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                  <div style="text-align: left; margin-bottom: 8pt; font-family: 'Times New Roman',serif; font-size: 11pt; font-weight: bold;">4</div>
                </td>
                <td style="width: auto; vertical-align: top; font-variant: normal;">
                  <div style="margin-bottom: 8pt; font-family: 'Times New Roman',serif; font-size: 11pt; font-weight: bold;">Following the new and improved $150 million financing agreement with Beal Bank, seven of our vessels are not encumbered and are
                    debt free, thus providing us with greater financial flexibility.</div>
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        <div style="font-variant: normal;"><br>
        </div>
        <div>
          <table cellspacing="0" cellpadding="0" id="zde955e9cf7a343c58db03d92ca4d5b2b" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 8pt; width: 100%; text-align: left; color: #000000;">

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                  <div style="text-align: left; margin-bottom: 8pt; font-family: 'Times New Roman',serif; font-size: 11pt; font-weight: bold;">5</div>
                </td>
                <td style="width: auto; vertical-align: top; font-variant: normal;">
                  <div style="margin-bottom: 8pt; font-family: 'Times New Roman',serif; font-size: 11pt; font-weight: bold;">In addition, we have exercised the purchase option for two of our 2018-built vessels that are lease-financed through Ocean Yield,
                    one of our two well-established financial partners. The vessels will be transferred to us during the third quarter this year. The market value of these vessels is well in excess of the outstanding loan which gives us extra
                    maneuverability.</div>
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        </font>
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          <table cellspacing="0" cellpadding="0" id="z7144ea4c140f480fbf7b9d2f88e879cd" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 8pt; width: 100%; text-align: left; color: #000000;">

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                  <div style="text-align: left; margin-bottom: 8pt; font-family: 'Times New Roman',serif; font-size: 11pt; font-weight: bold;">6</div>
                </td>
                <td style="width: auto; vertical-align: top; font-variant: normal;">
                  <div style="margin-bottom: 8pt; font-family: 'Times New Roman',serif; font-size: 11pt; font-weight: bold;">Thanks to careful voyage planning and adjustment of speed, we continue to reduce emissions of our vessels.</div>
                </td>
              </tr>

          </table>
        </div>
        <font style="font-variant: small-caps;"><br>
        </font></div>
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        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">1</font></div>
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      </div>
      <font style="font-variant: small-caps;"> </font></div>
    <div style="text-align: left; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif; font-weight: bold;"><font style="font-variant: small-caps;"> </font>
      <div style="font-variant: normal;"><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="ze78497cf31164654b3dda48235f93a1c" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 8pt; width: 100%; text-align: left; color: #000000;">

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                <div style="text-align: left; margin-bottom: 8pt; font-family: 'Times New Roman',serif; font-size: 11pt; font-weight: bold;">7</div>
              </td>
              <td style="width: auto; vertical-align: top; font-variant: normal;">
                <div style="text-indent: 18pt; margin-bottom: 8pt; font-family: 'Times New Roman',serif; font-size: 11pt; font-weight: bold;">Each ship in the NAT fleet is in excellent technical condition, as proven by the vetting performance<font style="font-family: Calibri, sans-serif;">.</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="font-variant: normal;"><br>
      </div>
      <div style="margin-bottom: 8pt; font-variant: normal;"><br>
      </div>
      <div style="margin-bottom: 8pt; color: rgb(0, 0, 0); font-size: 11pt; font-variant: normal; font-weight: bold;">Sincerely,</div>
      <div style="margin-bottom: 8pt; font-variant: normal;"><br>
      </div>
      <div style="margin-bottom: 8pt; color: rgb(0, 0, 0); font-size: 11pt; font-variant: normal; font-weight: bold;">Herbj&#248;rn Hansson</div>
      <div style="margin-bottom: 8pt; color: rgb(0, 0, 0); font-size: 11pt; font-variant: normal; font-weight: bold;">founder, Chairman &amp; CEO</div>
      <div style="margin-bottom: 8pt; color: rgb(0, 0, 0); font-size: 11pt; font-variant: normal; font-weight: bold;">Nordic American Tankers Ltd</div>
      <div style="font-variant: normal;"><br>
      </div>
      <div style="font-variant: normal;"><br>
      </div>
      <div style="font-size: 11pt; font-weight: bold; font-variant: normal;">Our Fleet</div>
      <div><br>
      </div>
      <div style="font-size: 11pt; font-weight: normal;">As of December 31, 2024 our fleet consisted of 20 well maintained Suezmax tankers with a cargo lifting capacity of 1 million barrels of oil each. We only have Suezmaxes in our fleet and the vast
        majority of our ships are built in South Korea.</div>
      <div style="font-weight: normal;"><br>
      </div>
      <div style="font-size: 11pt; font-weight: normal;">After the last quarter of 2024 we purchased one 2016-built suezmax tanker that we plan to take delivery of during the second quarter of 2025. The vessel will be financed with cash-at-hand and lease
        financing.</div>
      <div style="font-weight: normal;"><br>
      </div>
      <div style="font-size: 11pt; font-weight: normal;">We have also declared purchase options for two of our 2018-built suezmax tankers currently financed with Ocean Yield. These two transactions will be concluded in the third quarter of 2025, by us
        paying down the outstanding debt on the vessels. We plan to fund this with a combination of cash and new financing.</div>
      <div style="font-weight: normal;"><br>
      </div>
      <div style="font-size: 11pt; font-weight: normal;">As previously advised, we have sold the 2003-built Nordic Apollo and the vessel was delivered to its new owners on February 26, 2025. The proceeds from this sale will also add to our financial
        flexibility.</div>
      <div style="font-weight: normal;"><br>
      </div>
      <div style="font-size: 11pt; font-weight: normal;">The above transactions are all a part of our plan to renew and grow our fleet, in which we plan to sell a few vessels and purchase a few vessels.</div>
      <div style="font-weight: normal;"><br>
      </div>
      <div style="font-size: 11pt; font-weight: normal;">We take extra care to maintain our vessels to the highest standards for the safety of crew, cargo and the environment. The outcome of the inspections of our ships by oil companies (&#8220;vetting&#8221;)
        reflects the good quality and maintenance of our fleet.</div>
      <div style="font-weight: normal;"><br>
      </div>
      <div style="font-size: 11pt; font-weight: normal;">NAT has one of the largest fleets of Suezmax tankers in the world. In a capital-intensive industry like ours, careful maintenance of our ships and the timing &amp; financing of expansion are key
        elements to ensure both our financial stability and our commitment to paying cash dividends.</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="font-family: 'Times New Roman', serif; font-size: 11pt; font-weight: bold;">Results for the fourth quarter and the full year of 2024</div>
      <div><br>
      </div>
      <div style="font-size: 11pt; font-weight: normal;">The full year of 2024 produced a Net income of $46.6 million. For the fourth quarter of 2024, the net income was $1.3 million or an EPS of $0.01.</div>
      <div style="font-weight: normal;"><br>
      </div>
      <div style="font-size: 11pt; font-weight: normal;">The average time charter equivalent (TCE) for our fleet during the fourth quarter of 2024 came in at $26,416 per day per ship. This number is on a discharge-to-discharge basis. We currently have
        fourteen of our twenty vessels in the spot market.</div>
      <div style="font-weight: normal;"><br>
      </div>
      <div style="font-size: 11pt; font-weight: normal;">For detailed information about our statement of operations (P&amp;L), balance sheet, cash flow and reconciliation of certain Non-GAAP financial measures, we refer to the tables on page 5 and 6 of
        this press release.</div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">2</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
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      </div>
      <div> <br>
      </div>
    </div>
    <div style="text-align: left; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif; font-weight: bold;">
      <div style="font-family: 'Times New Roman', serif; font-size: 11pt; font-weight: bold;">Financing</div>
      <div><br>
      </div>
      <div style="font-size: 11pt; font-weight: normal;">Our Net Debt (total liabilities less current assets) stood at $210.0 million, which equals $10.5 million per ship based on 20 vessels, as of December 31, 2024.</div>
      <div style="font-weight: normal;"><br>
      </div>
      <div style="font-size: 11pt; font-weight: normal;">The details of our two financing arrangements are as follows;</div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z49811b9521924852804b693a81728b68" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 8pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 36pt; vertical-align: top; text-align: right;">
                <div style="text-align: left; margin-left: 18pt; margin-bottom: 8pt; font-family: 'Times New Roman', serif; font-size: 11pt;">1)</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="margin-bottom: 8pt; font-family: 'Times New Roman',serif; font-size: 11pt;">The total outstanding balance to CLMG/Beal Bank, was $72.5 million as of December 31, 2024, including current portion of the debt. This loan has been
                  renewed on a five-year term with a higher loan amount and a lower margin. Seven vessels (including the recently sold Nordic Apollo) that used to be in the collateral package for this loan have been released. The increased loan amount of
                  $150 million and the 7 released collateral vessels strengthens our financial flexibility and is an important tool in our plan to renew and grow our fleet.</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="margin-bottom: 8pt;"><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z7cdf1c78c2e34a0f8fa95191d4e6fe76" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 8pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 36pt; vertical-align: top; text-align: right;">
                <div style="text-align: left; margin-left: 18pt; margin-bottom: 8pt; font-family: 'Times New Roman', serif; font-size: 11pt;">2)</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="margin-bottom: 8pt; font-family: 'Times New Roman',serif; font-size: 11pt;">The 6 vessels financed through Ocean Yield have as of December 31, 2024 a total outstanding balance of $199.5 million, including current portion of the
                  debt. We have since the end of the quarter declared purchase options for the Nordic Aquarius and the Nordic Cygnus and we will have these vessels transferred to us during 3Q 2025 at which point the outstanding $48 million debt ($24m each)
                  on these two vessels will be paid down.</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="font-size: 11pt; font-weight: normal;">Current portion of long-term debt is now $21.5 million net of transaction costs. $20.6 million is related to the Ocean Yield financing and $0.9 million is related to the Beal/CLMG financing.
        Restricted cash of $5.2 million is related to deposits held for future drydockings of our vessels, in accordance with our borrowing agreement with Beal Bank/CLMG.</div>
      <div style="font-weight: normal;"><br>
      </div>
      <div style="font-size: 11pt; font-weight: normal;">Our G&amp;A for 4Q 2024 was influenced by a settlement of our option program of 3,855,000 options, that was distributed among 20 employees and associates in 2022. This resulted in a $886.650
        additional cost in the G&amp;A.</div>
      <div style="font-weight: normal;"><br>
      </div>
      <div style="font-size: 11pt; font-weight: normal;">We made a final utilization of our $60 million ATM dated February 14<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup>, 2022, and issued 2,954,219 new shares during 4Q 2024, raising gross proceeds of $9.2 million. There was $17.2
        million remaining under the $60 million ATM on December 31, 2024. This ATM program has now lapsed.</div>
      <div style="font-weight: normal;"><br>
      </div>
      <div style="font-size: 11pt; font-weight: normal;">For the fourth quarter of 2024 a cash dividend of 6 cent ($0.06) per share has been declared. This is our 110<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> consecutive quarterly dividend declaration.</div>
      <div style="font-weight: normal;"><br>
      </div>
      <div style="font-size: 11pt; font-weight: normal;">Payment of the dividend will be on March 24, 2025, to shareholders of record on March 10, 2025.&#160;&#160;</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif; font-size: 11pt; font-weight: bold;">World Economy and the Tanker Market</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0); font-size: 11pt; font-weight: normal;">Political uncertainty continues and we do not see this going away anytime soon. We see high demand for oil, driven by uncertain time and a fragmented trade
        picture with logistical inefficiencies and a tight supply of ships. These are interesting dynamics for the NAT oil tankers. Seasonal variations will occur, but as we have seen so far these last years, the trend supports future earnings at higher
        levels than in the past.</div>
      <div style="font-weight: normal;"><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0); font-size: 11pt; font-weight: normal;">NAT in particular stands to benefit from the fact that the supply of Suezmax tankers is not excessive in a historic perspective. Environmental regulations,
        increased steel and production costs, and higher interest rates make investing in new ships quite challenging.</div>
      <div style="font-weight: normal;"><br>
      </div>
      <div style="text-align: justify; font-size: 11pt; font-weight: normal;">The world&#8217;s Suezmax fleet (excl. shuttle, product &amp; Jones Act tankers) counted 583 vessels as of December 31, 2024. The orderbook for Suezmax tankers now counts 97 vessels
        which equals 17% of the world&#8217;s conventional suezmax fleet spread over the next 4 years (The historic average for orderbook in percent of existing fleet is 20%).</div>
      <div style="font-weight: normal;"><br>
      </div>
      <div style="text-align: justify; font-size: 11pt; font-weight: normal;">26 new suezmax tankers will enter the world fleet in 2025, 34 in 2026, 33 in 2027 and still only 4 ships have been booked for 2028. It is also worth noting that by the end of
        2027, the world fleet will count 156 conventional suezmax tankers of 20 years of age or older (27% of the existing world fleet).&#160; This number compares favorably with the orderbook of 93 units for delivery up until the same date.</div>
      <div style="text-align: justify; font-size: 11pt; font-weight: normal;"> <br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">3</font></div>
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      </div>
      <div>
        <div style="text-align: justify; font-size: 11pt; font-weight: normal;"> <br>
        </div>
        <div style="text-align: justify; font-size: 11pt; font-weight: normal;">The available shipyard capacity for large oil tankers is low and leaving limited capacity to build additional Suezmax tankers with quality yards on this side of 2027.</div>
        <div style="font-weight: normal;"><br>
        </div>
        <div style="text-align: justify; font-size: 11pt; font-weight: normal;">All of the above are good news for the short- and long-term outlook for our tankers. It is anticipated that the tanker markets will continue strong in the coming years.</div>
        <div style="font-weight: normal;"><br>
        </div>
        <div style="text-align: justify; font-size: 11pt; font-weight: normal;">The supply of tanker tonnage is inelastic in the short term. When there are too many ships in an area, rates tend to go down. When there is scarcity of ships, rates tend to go
          up. Short-term spot tanker rates may be expected to be volatile.</div>
        <div><br>
        </div>
        <div><br>
        </div>
        <div style="text-align: justify; font-family: 'Times New Roman', serif; font-size: 11pt; font-weight: bold;">Corporate Governance/Conflict of Interests</div>
        <div><br>
        </div>
        <div style="font-size: 11pt; font-weight: normal;">It is vital to ensure that there is no conflict of interest among shareholders, management, affiliates and related parties. Interests must be aligned. From time to time in the shipping industry, we
          see that questionable transactions take place which are not in harmony with sound corporate governance principles, both as to transparency and related party aspects. We have zero tolerance for corruption.</div>
        <div style="font-weight: normal;"><br>
        </div>
        <div><br>
        </div>
        <div style="font-family: 'Times New Roman', serif; font-size: 11pt; font-weight: bold;">Strategy Going Forward</div>
        <div><br>
        </div>
        <div style="font-size: 11pt; font-weight: normal;">The NAT strategy is built on expanding and maintaining a homogenous and top quality fleet, leveraging on our industry network and close customer relationships with major oil companies and oil
          traders.</div>
        <div style="font-weight: normal;"><br>
        </div>
        <div style="font-size: 11pt; font-weight: normal;">We are a dividend company with the objective of having a strong balance sheet and low G&amp;A costs, enabling us to distribute free cash flows to our shareholders.</div>
        <div style="font-weight: normal;"><br>
        </div>
        <div style="font-size: 11pt; font-weight: normal;">In an improved market, higher dividends can be expected.</div>
        <div style="font-weight: normal;"><br>
        </div>
        <div style="font-size: 11pt; font-weight: normal;">Our fleet of 20 more or less identical vessels, is a special feature of NAT that is particularly valuable to our customers.</div>
        <div style="font-weight: normal;"><br>
        </div>
        <div style="font-size: 11pt; font-weight: normal;">NAT is firmly committed to protecting its underlying earnings and dividend potential. We shall safeguard and further strengthen this position in a deliberate, predictable and transparent way.</div>
        <div><br>
        </div>
        <div style="text-align: center; font-size: 11pt;">&#160;* * * * *</div>
        <div><br>
        </div>
        <div><br>
        </div>
        <div><br>
        </div>
        <div><br>
        </div>
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
          <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">4</font></div>
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        </div>
        <div><br>
        </div>
        <div>
          <table cellspacing="0" cellpadding="0" id="z26de2fc95ac54140a6d206f514337493" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

              <tr>
                <td style="width: 32.84%; vertical-align: top;" rowspan="1" colspan="4">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 14pt; font-weight: bold;">NORDIC AMERICAN TANKERS LIMITED</div>
                </td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 13.67%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              </tr>
              <tr>
                <td style="width: 23.25%; vertical-align: top;" colspan="2">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-weight: bold;">CONSOLIDATED CONDENSED STATEMENTS OF OPERATION (UNAUDITED)</div>
                </td>
                <td style="width: 38.34%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1" colspan="4">
                  <div style="text-align: center; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;"> <br>
                  </div>
                  <div style="text-align: center; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Three Months Ended</div>
                  &#160;&#160;&#160;&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 28.75%; vertical-align: top;" rowspan="1" colspan="3">
                  <div style="text-align: center; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;"> <br>
                  </div>
                  <div style="text-align: center; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Twelve Months Ended</div>
                  &#160;&#160;</td>
              </tr>
              <tr>
                <td style="width: 13.67%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Dec. 31, 2024</div>
                </td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Sept. 30, 2024</div>
                </td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Dec. 31, 2023</div>
                </td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="border-top: 2px solid rgb(0, 0, 0); vertical-align: top; width: 9.58%;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Dec. 31, 2024</div>
                </td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="border-top: 2px solid rgb(0, 0, 0); vertical-align: top; width: 9.58%;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Dec. 31, 2023</div>
                </td>
              </tr>
              <tr>
                <td style="width: 13.67%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt;">Amounts in USD '000</div>
                </td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              </tr>
              <tr>
                <td style="width: 13.67%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
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                <td style="width: 13.67%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Net Voyage Revenue</div>
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                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">46,389</div>
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                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">52,036</div>
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                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">59,254</div>
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                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">225,096</div>
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                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">262,180</div>
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              </tr>
              <tr>
                <td style="width: 13.67%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 13.67%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 13.67%; vertical-align: top;">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">Vessel Operating Expenses</div>
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                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(14,708)</div>
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                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(15,772)</div>
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                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(15,520)</div>
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                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(62,809)</div>
                </td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(60,003)</div>
                </td>
              </tr>
              <tr>
                <td style="width: 13.67%; vertical-align: top;">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">Depreciation Expenses</div>
                </td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(13,870)</div>
                </td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(14,210)</div>
                </td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(13,278)</div>
                </td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(56,151)</div>
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                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(51,397)</div>
                </td>
              </tr>
              <tr>
                <td colspan="2" rowspan="1" style="width: 13.67%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">General and Administrative Expenses</div>
                </td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(9,056)</div>
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                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(5,834)</div>
                </td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(5,856)</div>
                </td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(28,825)</div>
                </td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(22,890)</div>
                </td>
              </tr>
              <tr>
                <td style="width: 13.67%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">Operating Expenses</div>
                </td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(37,634)</div>
                </td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(35,816)</div>
                </td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(34,654)</div>
                </td>
                <td style="width: 9.58%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(147,785)</div>
                </td>
                <td style="width: 9.58%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(134,290)</div>
                </td>
              </tr>
              <tr>
                <td style="width: 13.67%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Net Operating Income</div>
                </td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">8,755</div>
                </td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">16,220</div>
                </td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">24,600</div>
                </td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">77,311</div>
                </td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">127,890</div>
                </td>
              </tr>
              <tr>
                <td style="width: 13.67%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 13.67%; vertical-align: top;">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">Interest Income</div>
                </td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">130</div>
                </td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">173</div>
                </td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">42</div>
                </td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">731</div>
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                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">1,302</div>
                </td>
              </tr>
              <tr>
                <td style="width: 13.67%; vertical-align: top;">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">Interest Expense</div>
                </td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(7,097)</div>
                </td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(7,726)</div>
                </td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(7,204)</div>
                </td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(30,739)</div>
                </td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(30,498)</div>
                </td>
              </tr>
              <tr>
                <td style="width: 13.67%; vertical-align: top;" rowspan="1" colspan="2">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">Other Financial Income (Expenses)</div>
                </td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(493)</div>
                </td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">19</div>
                </td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">66</div>
                </td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(660)</div>
                </td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">17</div>
                </td>
              </tr>
              <tr>
                <td style="width: 13.67%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">Total Other Expenses</div>
                </td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(7,460)</div>
                </td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(7,534)</div>
                </td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(7,096)</div>
                </td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(30,668)</div>
                </td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(29,179)</div>
                </td>
              </tr>
              <tr>
                <td style="width: 13.67%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Net Income</div>
                </td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">1,295</div>
                </td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">8,686</div>
                </td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">17,504</div>
                </td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">46,643</div>
                </td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">98,711</div>
                </td>
              </tr>
              <tr>
                <td style="width: 13.67%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1" colspan="2">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">Basic and Diluted Earnings per Share</div>
                </td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;0.01</div>
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                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;0.04</div>
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                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;0.08</div>
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                <td style="width: 9.58%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">0.22</div>
                </td>
                <td style="width: 9.58%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">0.47</div>
                </td>
              </tr>
              <tr>
                <td style="width: 13.67%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1" colspan="2">
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                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
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                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">208,796,444</div>
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                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">208,796,444</div>
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                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
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                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">209,227,286</div>
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                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
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                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">208,796,444</div>
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                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">Common Shares Outstanding</div>
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                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">211,750,663</div>
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                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">208,796,444</div>
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                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">208,796,444</div>
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                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">211,750,663</div>
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                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
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                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">208,796,444</div>
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              <tr>
                <td style="width: 13.67%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
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                <td style="width: 13.67%; vertical-align: top;">
                  <div>&#160;</div>
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                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
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                <td style="border-top: 2px solid #000000; vertical-align: top; width: 23.25%;" colspan="2">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-weight: bold;">CONSOLIDATED CONDENSED BALANCE SHEET (UNAUDITED)</div>
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                <td style="border-top: 2px solid #000000; vertical-align: top; width: 9.58%;">&#160;</td>
                <td style="border-top: 2px solid #000000; vertical-align: top; width: 9.58%;">&#160;</td>
                <td style="border-top: 2px solid #000000; vertical-align: top; width: 9.58%;">&#160;</td>
                <td style="border-top: 2px solid #000000; vertical-align: top; width: 9.58%;">&#160;</td>
                <td style="border-top: 2px solid #000000; vertical-align: top; width: 9.58%;">&#160;</td>
                <td style="border-top: 2px solid #000000; vertical-align: top; width: 9.58%;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Dec. 31, 2024</div>
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                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Dec. 31, 2023</div>
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                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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              <tr>
                <td style="width: 13.67%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
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                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">39,177</div>
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                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">31,078</div>
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                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">Restricted Cash</div>
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                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">5,207</div>
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                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">2,283</div>
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              <tr>
                <td style="width: 13.67%; vertical-align: top;">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">Accounts Receivable, Net</div>
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                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">16,223</div>
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                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">26,287</div>
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                <td style="width: 13.67%; vertical-align: top;">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">Prepaid Expenses</div>
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                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">6,227</div>
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                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">4,319</div>
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                <td style="width: 13.67%; vertical-align: top;">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">Inventory</div>
                </td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">21,931</div>
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                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">31,183</div>
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              <tr>
                <td style="width: 13.67%; vertical-align: top;">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">Voyages in Progress</div>
                </td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">6,570</div>
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                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">11,178</div>
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              <tr>
                <td style="width: 13.67%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">Other Current Assets</div>
                </td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">3,436</div>
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                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">2,582</div>
                </td>
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              <tr>
                <td style="width: 13.67%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Total Current Assets</div>
                </td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">98,771</div>
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                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">108,910</div>
                </td>
              </tr>
              <tr>
                <td style="width: 13.67%; vertical-align: top;">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">Vessels, Net</div>
                </td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">715,273</div>
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                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">768,584</div>
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              </tr>
              <tr>
                <td style="width: 13.67%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">Other Non-Current Assets</div>
                </td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">3,543</div>
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                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">1,702</div>
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              <tr>
                <td style="border-bottom: 2px solid #000000; vertical-align: top; width: 13.67%;" rowspan="1" colspan="2">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Total Non-Current Assets</div>
                </td>
                <td style="border-bottom: 2px solid #000000; vertical-align: top; width: 9.58%;">&#160;</td>
                <td style="border-bottom: 2px solid #000000; vertical-align: top; width: 9.58%;">&#160;</td>
                <td style="border-bottom: 2px solid #000000; vertical-align: top; width: 9.58%;">&#160;</td>
                <td style="border-bottom: 2px solid #000000; vertical-align: top; width: 9.58%;">&#160;</td>
                <td style="border-bottom: 2px solid #000000; vertical-align: top; width: 9.58%;">&#160;</td>
                <td style="border-bottom: 2px solid #000000; vertical-align: top; width: 9.58%;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">718,816</div>
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                <td style="border-bottom: 2px solid #000000; vertical-align: top; width: 9.58%;">&#160;</td>
                <td style="border-bottom: 2px solid #000000; vertical-align: top; width: 9.58%;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">770,286</div>
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              <tr>
                <td style="width: 13.67%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Total Assets</div>
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                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">817,587</div>
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                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">879,196</div>
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              <tr>
                <td style="width: 13.67%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
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              <tr>
                <td style="width: 13.67%; vertical-align: top;">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">Accounts Payable</div>
                </td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">4,257</div>
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                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">3,446</div>
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              </tr>
              <tr>
                <td style="width: 13.67%; vertical-align: top;">
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                </td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">12,294</div>
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                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">11,748</div>
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              </tr>
              <tr>
                <td style="width: 13.67%; vertical-align: top;">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">Other Current Liabilities</div>
                </td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">13,204</div>
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                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">10,858</div>
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              </tr>
              <tr>
                <td style="width: 13.67%; vertical-align: top;">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">Dividends Payable</div>
                </td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">8,470</div>
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                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">12,528</div>
                </td>
              </tr>
              <tr>
                <td style="width: 13.67%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1" colspan="2">
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                </td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">21,560</div>
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                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">31,898</div>
                </td>
              </tr>
              <tr>
                <td style="width: 13.67%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Total Current liabilities</div>
                </td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">59,785</div>
                </td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">70,478</div>
                </td>
              </tr>
              <tr>
                <td style="width: 13.67%; vertical-align: top;">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">Long-Term Debt</div>
                </td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">248,144</div>
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                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">269,697</div>
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              </tr>
              <tr>
                <td style="width: 13.67%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">Other Non-Current Liabilities</div>
                </td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">845</div>
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                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">717</div>
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                <td style="width: 13.67%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1" colspan="2">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Total Non-current Liabilities</div>
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                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">248,989</div>
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                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">270,414</div>
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                <td style="width: 13.67%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">Shareholders' Equity</div>
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                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">508,813</div>
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                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">538,304</div>
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                <td style="width: 13.67%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1" colspan="2">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Total Liabilities and Shareholders' Equity</div>
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                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">817,587</div>
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                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 9.58%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">879,196</div>
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                <td style="width: 13.67%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
                <td style="width: 9.58%; vertical-align: top;">&#160;</td>
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                <div style="color: #000000; font-family: 'Times New Roman'; font-size: 14pt; font-weight: bold;">NORDIC AMERICAN TANKERS LIMITED</div>
              </td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
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              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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                <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOW</div>
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              <td style="width: 9.06%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
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              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
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                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Dec. 31, 2024</div>
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                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;"> <br>
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                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Dec. 31, 2023</div>
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              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1" colspan="2">
                <div style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt;">Amounts in USD '000</div>
              </td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
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              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1" colspan="3">
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              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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                <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">124,611</div>
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              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">139,445</div>
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              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
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              <td style="width: 9.06%; vertical-align: top;">
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              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(870)</div>
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              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
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                <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(73,526)</div>
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            </tr>
            <tr>
              <td colspan="3" rowspan="1" style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
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              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(1,750)</div>
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              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(144)</div>
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            </tr>
            <tr>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1" colspan="3">
                <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Net Cash Used in Investing Activities</div>
              </td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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                <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">(2,620)</div>
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              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">(73,670)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
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              <td style="width: 9.06%; vertical-align: top;" rowspan="1" colspan="3">
                <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">Proceeds from Issuance of Common Stock</div>
              </td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">8,932</div>
              </td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">0</div>
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            </tr>
            <tr>
              <td style="width: 9.06%; vertical-align: top;" rowspan="1" colspan="3">
                <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">Proceeds from Vessel Financing</div>
              </td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">0</div>
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              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">53,331</div>
              </td>
            </tr>
            <tr>
              <td style="width: 9.06%; vertical-align: top;" rowspan="1" colspan="3">
                <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">Repayments of Vessel Financing</div>
              </td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(20,662)</div>
              </td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(14,671)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 9.06%; vertical-align: top;" rowspan="1" colspan="3">
                <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">Repayment of Borrowing Facility</div>
              </td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(12,079)</div>
              </td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(44,549)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1" colspan="2">
                <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">Dividends Distributed</div>
              </td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(87,695)</div>
              </td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(89,783)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1" colspan="3">
                <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Net Cash Used in Financing Activities</div>
              </td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">(111,504)</div>
              </td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">(95,672)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 18.2%; vertical-align: top;" colspan="4" rowspan="1">
                <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash</div>
              </td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">10,487</div>
              </td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(29,897)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 9.06%; vertical-align: top;" rowspan="1" colspan="3">
                <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">Effect of exchange rate changes on Cash</div>
              </td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">536</div>
              </td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(44)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 18.2%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="4" rowspan="1">
                <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">Cash, Cash Equivalents and Restricted Cash at Beginning of Period</div>
              </td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">33,361</div>
              </td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">63,302</div>
              </td>
            </tr>
            <tr>
              <td style="width: 18.2%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="4" rowspan="1">
                <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Cash, Cash Equivalents and Restricted Cash at End of Period</div>
              </td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">44,384</div>
              </td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">33,361</div>
              </td>
            </tr>
            <tr>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1" colspan="2">
                <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">Cash and Cash Equivalents</div>
              </td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">39,177</div>
              </td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">31,078</div>
              </td>
            </tr>
            <tr>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">Restricted Cash</div>
              </td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">5,207</div>
              </td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 9.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">2,283</div>
              </td>
            </tr>
            <tr>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
              <td style="width: 9.06%; vertical-align: top;">&#160;</td>
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                <td style="width: 25.32%; vertical-align: top;" rowspan="1" colspan="3">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 14pt; font-weight: bold;">NORDIC AMERICAN TANKERS LIMITED</div>
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                <td style="width: 7.47%; vertical-align: top;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top;">&#160;</td>
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              <tr>
                <td style="width: 25.32%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              </tr>
              <tr>
                <td style="width: 25.32%; vertical-align: top;">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (UNAUDITED)</div>
                </td>
                <td style="width: 7.47%; vertical-align: top;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: #000000 2px solid;" rowspan="1" colspan="5">
                  <div style="text-align: center; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;"> <br>
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                  <div style="text-align: center; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Three Months Ended</div>
                  &#160;&#160;&#160;&#160;</td>
                <td style="width: 7.47%; vertical-align: top;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: #000000 2px solid;" rowspan="1" colspan="3">
                  <div style="text-align: center; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;"> <br>
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                  <div style="text-align: center; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Twelve months ended</div>
                  &#160;&#160;</td>
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              <tr>
                <td style="width: 25.32%; vertical-align: top; border-bottom: #000000 2px solid;">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt;">Amounts in USD '000</div>
                </td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Dec. 31, 2024</div>
                </td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: #000000 2px solid;">
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                </td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Dec. 31, 2023</div>
                </td>
                <td style="width: 7.47%; vertical-align: top;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: #000000 2px solid;">
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                </td>
                <td style="width: 7.47%; vertical-align: top;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Dec. 31, 2023</div>
                </td>
              </tr>
              <tr>
                <td style="width: 25.32%; vertical-align: top;">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">Voyage Revenue</div>
                </td>
                <td style="width: 7.47%; vertical-align: top;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">74,430</div>
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                <td style="width: 7.47%; vertical-align: top;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">82,217</div>
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                <td style="width: 7.47%; vertical-align: top;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">92,704</div>
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                <td style="width: 7.47%; vertical-align: top;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">349,742</div>
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                <td style="width: 7.47%; vertical-align: top;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">391,687</div>
                </td>
              </tr>
              <tr>
                <td style="width: 25.32%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">Voyage Expense</div>
                </td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(28,041)</div>
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                <td style="width: 7.47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(30,181)</div>
                </td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(33,450)</div>
                </td>
                <td style="width: 7.47%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(124,646)</div>
                </td>
                <td style="width: 7.47%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">(129,507)</div>
                </td>
              </tr>
              <tr>
                <td style="width: 25.32%; vertical-align: top; border-bottom: #000000 2px solid;">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Net Voyage Revenue <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></div>
                </td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">46,389</div>
                </td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">52,036</div>
                </td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">59,254</div>
                </td>
                <td style="width: 7.47%; vertical-align: top;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">225,096</div>
                </td>
                <td style="width: 7.47%; vertical-align: top;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">262,180</div>
                </td>
              </tr>
              <tr>
                <td style="width: 25.32%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div>&#160;</div>
                  <div> <br>
                  </div>
                </td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              </tr>
              <tr>
                <td style="width: 25.32%; vertical-align: top;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top;">&#160;</td>
                <td style="width: 7.47%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); text-align: center;" rowspan="1" colspan="5">
                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;"> Three Months Ended</div>
                  &#160;&#160;&#160;&#160;</td>
                <td style="width: 7.47%; vertical-align: top;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Twelve Months Ended</div>
                </td>
                <td style="width: 7.47%; vertical-align: top;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Twelve Months Ended</div>
                </td>
              </tr>
              <tr>
                <td style="width: 25.32%; vertical-align: top; border-bottom: #000000 2px solid;">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 8pt;">Amounts in USD '000</div>
                </td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Dec. 31, 2024</div>
                </td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Sept. 30, 2024</div>
                </td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Dec. 31, 2023</div>
                </td>
                <td style="width: 7.47%; vertical-align: top;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Dec. 31, 2024</div>
                </td>
                <td style="width: 7.47%; vertical-align: top;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">Dec. 31, 2023</div>
                </td>
              </tr>
              <tr>
                <td style="width: 25.32%; vertical-align: top;">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">Net Income</div>
                </td>
                <td style="width: 7.47%; vertical-align: top;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">1,295</div>
                </td>
                <td style="width: 7.47%; vertical-align: top;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">8,686</div>
                </td>
                <td style="width: 7.47%; vertical-align: top;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">17,504</div>
                </td>
                <td style="width: 7.47%; vertical-align: top;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">46,644</div>
                </td>
                <td style="width: 7.47%; vertical-align: top;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">98,711</div>
                </td>
              </tr>
              <tr>
                <td style="width: 25.32%; vertical-align: top;">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">Interest Expense (Income), net</div>
                </td>
                <td style="width: 7.47%; vertical-align: top;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">6,967</div>
                </td>
                <td style="width: 7.47%; vertical-align: top;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">7,553</div>
                </td>
                <td style="width: 7.47%; vertical-align: top;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">7,162</div>
                </td>
                <td style="width: 7.47%; vertical-align: top;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">30,739</div>
                </td>
                <td style="width: 7.47%; vertical-align: top;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">29,196</div>
                </td>
              </tr>
              <tr>
                <td style="width: 25.32%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">Depreciation Expense</div>
                </td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">13,870</div>
                </td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">14,210</div>
                </td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">13,278</div>
                </td>
                <td style="width: 7.47%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">56,151</div>
                </td>
                <td style="width: 7.47%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt;">51,397</div>
                </td>
              </tr>
              <tr>
                <td style="width: 25.32%; vertical-align: top; border-bottom: #000000 2px solid;">
                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;"> <br>
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                  <div style="color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">EBITDA <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(2)</sup></div>
                </td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;"> <br>
                  </div>
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">22,132</div>
                </td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;"> <br>
                  </div>
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">30,449</div>
                </td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;"> <br>
                  </div>
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">37,944</div>
                </td>
                <td style="width: 7.47%; vertical-align: top;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;"> <br>
                  </div>
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">133,534</div>
                </td>
                <td style="width: 7.47%; vertical-align: top;">&#160;</td>
                <td style="width: 7.47%; vertical-align: top; border-bottom: #000000 2px solid;">
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;"> <br>
                  </div>
                  <div style="text-align: right; color: #000000; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">179,304</div>
                </td>
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                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 9pt; text-align: justify;">(1) Net voyage revenues represents voyage revenues less voyage expenses such as bunker fuel, port fees, canal tolls and brokerage
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                    States and should not be considered as an alternative to net income or any other indicator of the Company's performance required by accounting principles generally accepted in the United States.</div>
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                  <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 9pt; text-align: justify;">(2) EBITDA is included because certain investors use this data to measure a shipping company's financial performance. EBITDA is not
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                  <div style="text-align: justify;"> &#160;&#160;&#160;</div>
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          <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">6</font></div>
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          <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 11pt; font-weight: bold;">CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS</div>
          <div><br>
          </div>
          <div style="text-align: justify; font-size: 11pt; font-weight: normal;">Matters discussed in this press release may constitute forward-looking statements. &#160;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.</div>
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          <div style="text-align: justify; font-size: 11pt; font-weight: normal;">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
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          <div style="text-align: justify; font-size: 11pt; font-weight: normal;">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. &#160;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.
            &#160;We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.</div>
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          <div style="text-align: justify; font-size: 11pt; font-weight: normal;">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
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                  <div style="font-family: 'Times New Roman', serif; font-size: 11pt; font-weight: bold;">Contacts:</div>
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                  <div style="font-family: 'Times New Roman', serif; font-size: 11pt;">Alexander Kihle, Finance Manager</div>
                  <div style="font-family: 'Times New Roman', serif; font-size: 11pt;">Nordic American Tankers Limited</div>
                  <div style="font-family: 'Times New Roman', serif; font-size: 11pt;">Tel: +47 91 72 41 71</div>
                  <div><font style="font-family: 'Times New Roman', serif; font-size: 11pt;"> </font>&#160;</div>
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                  <div style="font-family: 'Times New Roman', serif; font-size: 11pt;">Bj&#248;rn Gi&#230;ver, CFO</div>
                  <div style="font-family: 'Times New Roman', serif; font-size: 11pt;">Nordic American Tankers Limited</div>
                  <div style="font-family: 'Times New Roman', serif; font-size: 11pt;">Tel: +1&#160;888&#160;755 8391</div>
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                  <div style="font-family: 'Times New Roman', serif; font-size: 11pt;">Web-site: <u>www.nat.bm</u></div>
                  <div><font style="font-family: 'Times New Roman', serif; font-size: 11pt;"> </font>&#160;</div>
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