Nordic American Tankers Ltd (NYSE: NAT) – Fall on some stock exchanges

Rhea-AI Summary

Nordic American Tankers (NYSE: NAT) has issued a brief statement addressing recent stock market declines in several countries. The company reassures shareholders and investors that it remains in a solid position for further growth and prosperity, despite the market volatility. NAT emphasizes its commitment to keeping stakeholders informed about its status and directs them to the company's website for additional information. The statement, signed by Founder, Chairman & CEO Herbjorn Hansson, aims to instill confidence in the company's stability and future prospects amidst broader market uncertainties.

Positive

• Company affirms solid position for growth and prosperity

Negative

• None.

 

Monday, August 5, 2024

 

Dear Shareholders and Investors,

Over the last few days there has been a fall on the stock exchanges in several countries.  

This is to reiterate that Nordic American Tankers Limited is in a solid position for further growth and prosperity. 

We shall keep you updated.

Please also see our homepage www.nat.bm

 

Sincerely,

Herbjorn Hansson
Founder, Chairman & CEO

Nordic American Tankers Ltd.                                                        www.nat.bm

 

 

 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.

The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “plan,” “potential,” “will,” “may,” “should,” “expect,” “pending” and similar expressions identify forward-looking statements.

The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand in the tanker market, as a result of changes in OPEC’s petroleum production levels and worldwide oil consumption and storage, changes in our operating expenses, including bunker prices, drydocking and insurance costs, the market for our vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off-hires and other important factors described from time to time in the reports filed by the Company with 

the Securities and Exchange Commission, including the prospectus and related prospectus supplement, our Annual Report on Form 20-F, and our reports on Form 6-K.

 

Contacts:       

Bjørn Giæver, CFO                                                             
Nordic American Tankers Ltd                                             
Tel: +1 888 755 8391                                  

Alexander Kihle, Finance Manager
Nordic American Tankers Ltd
Tel: +47 91 724 171    

 

FAQ

How has the recent stock market fall affected Nordic American Tankers (NAT)?

Nordic American Tankers (NAT) has stated that despite the recent fall on stock exchanges in several countries, the company remains in a solid position for further growth and prosperity. NAT has not reported any specific negative impacts from the market decline.

What is Nordic American Tankers' (NAT) response to the recent stock market volatility?

In response to the recent stock market volatility, Nordic American Tankers (NAT) has issued a statement reiterating its solid position for growth and prosperity. The company has committed to keeping shareholders and investors updated on its status.

Has Nordic American Tankers (NAT) provided any specific financial updates in light of the recent market fall?

No, Nordic American Tankers (NAT) has not provided any specific financial updates in its recent statement. The company has only reassured investors of its solid position and directed them to the company website for further information.

What actions is Nordic American Tankers (NAT) taking to address the recent stock market decline?

Nordic American Tankers (NAT) has not announced any specific actions in response to the recent stock market decline. The company has focused on reassuring investors of its stable position and has committed to providing updates to shareholders and investors.