Nordic American Tankers Ltd (NYSE: NAT) – Greetings for the Season

Rhea-AI Summary

Nordic American Tankers Ltd. held a conference call on December 2, 2022, where over 150 shareholders participated, highlighting the company's strong market position. The firm acknowledged numerous requests for transcripts, directing interested parties to their website for access. In January 2023, further insights into the favorable market conditions for their vessels will be shared. The company expressed gratitude towards shareholders and emphasized the robust market, stating it is the best seen in decades.

Positive

• The company reported a strong market position in the tanker industry.
• They anticipate sharing more favorable updates in January 2023.

Negative

• None.

Friday, December 16, 2022

 

Dear Shareholders and Investors,

 

Two weeks ago, December 2, I was chairing a conference call on the solid position of NAT.

More than 150 shareholders and investors were registered at the call. Until recently, we have received numerous requests for transcripts of the call.

Please visit our website www.nat.bm "In the News" to find instructions on how to obtain a copy. 

Alternatively, please send an e-mail directly to my colleague Liv-heidi.henriksen@scandicamerican.com

In early January 2023, we shall comment more extensively on the good market for our vessels.

In the meantime, on behalf of my colleagues and me, we would like to wish our shareholders, customers and friends all the best for this upcoming season. We consider you all as part of the NAT family, and we are grateful for your support.

At this time we enjoy a solid market, the best we have seen for decades.

 

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

What was discussed during the December 2, 2022 conference call for NAT?

The December 2, 2022 conference call highlighted NAT's strong market position and acknowledged significant shareholder participation.

How many shareholders attended the NAT conference call?

Over 150 shareholders registered for the NAT conference call on December 2, 2022.

When will NAT provide more information about the market conditions for their vessels?

NAT plans to provide more extensive comments on the favorable market conditions in January 2023.

Where can I find the transcript of the NAT conference call?

Transcripts of the NAT conference call can be accessed on their website under the 'In the News' section or by contacting the company's representative.