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Nordic American Tankers Ltd (NYSE: NAT) – Result from US presidential election has no impact on NAT

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Nordic American Tankers (NYSE: NAT) has issued a statement regarding the upcoming US presidential election's impact on their business operations. The company's Chairman & CEO, Herbjorn Hansson, stated that they do not expect any noticeable immediate impact on their operations regardless of the election outcome.

Nordic American Tankers (NYSE: NAT) ha rilasciato una dichiarazione riguardo all'impatto delle prossime elezioni presidenziali statunitensi sulle loro operazioni aziendali. Il Presidente e CEO dell'azienda, Herbjorn Hansson, ha dichiarato che non si aspettano alcun impatto immediato significativo sulle loro operazioni, indipendentemente dall'esito delle elezioni.

Nordic American Tankers (NYSE: NAT) ha emitido un comunicado sobre el impacto de las próximas elecciones presidenciales en Estados Unidos en sus operaciones comerciales. El Presidente y CEO de la compañía, Herbjorn Hansson, declaró que no esperan ningún impacto inmediato notable en sus operaciones sin importar el resultado de las elecciones.

노르딕 아메리칸 탱커스(NYSE: NAT)는 다가오는 미국 대통령 선거가 자사 사업 운영에 미치는 영향에 대한 성명을 발표했습니다. 회사의 회장 겸 CEO인 헤르뷔른 한손은 선거 결과에 관계없이 운영에 눈에 띄는 즉각적인 영향이 없을 것으로 예상한다고 밝혔습니다.

Nordic American Tankers (NYSE: NAT) a publié une déclaration concernant l'impact des prochaines élections présidentielles américaines sur ses opérations. Le Président et PDG de l'entreprise, Herbjorn Hansson, a déclaré qu'ils ne s'attendaient à aucun impact immédiat notable sur leurs opérations, quel que soit le résultat des élections.

Nordic American Tankers (NYSE: NAT) hat eine Erklärung bezüglich der Auswirkungen der bevorstehenden US-Präsidentschaftswahlen auf ihre Geschäftstätigkeiten abgegeben. Der Vorsitzende und CEO des Unternehmens, Herbjorn Hansson, erklärte, dass sie unabhängig vom Wahlergebnis keinen spürbaren unmittelbaren Einfluss auf ihre Abläufe erwarten.

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Monday, November 4, 2024

 

Dear Shareholders and Investors,


We would note that we don’t expect there will be a noticeable immediate impact on Nordic American Tankers irrespective of who is the winner/looser in the upcoming presidential election.


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 will the 2024 US presidential election affect Nordic American Tankers (NAT) stock?

According to NAT's official statement, the company does not expect any noticeable immediate impact on their operations regardless of the US presidential election outcome.

What is NAT's stance on the 2024 US presidential election?

NAT maintains a neutral position, stating that the election results will not have any significant immediate effect on their business operations, regardless of who wins.

Will NAT's business operations change after the 2024 US presidential election?

NAT has indicated that their business operations are not expected to experience any noticeable immediate changes following the US presidential election results.

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