Nordic American Tankers Ltd (NYSE: NAT) – For shareholders/investors

Rhea-AI Summary

Nordic American Tankers (NYSE: NAT) released a brief shareholder communication where Chairman & CEO Herbjorn Hansson assured investors about the company's strong market position. The statement highlighted that NAT has maintained a conservative approach in volatile markets, which has created an upward trajectory for the company.

The PR primarily consisted of standard forward-looking statements and cautionary language regarding various risk factors that could affect business performance, including world economic conditions, charter rates, vessel values, OPEC production levels, operating expenses, and regulatory changes.

Positive

• Management reports strong market position
• Conservative financial approach in volatile markets
• Company reports upward trajectory

Negative

• PR lacks specific financial metrics or operational data
• High dependence on external market factors (OPEC, charter rates, vessel values)
• Exposure to significant market volatility and regulatory risks

 

Monday, April 7, 2025

 

Dear Shareholders and Investors,

I wish personally to reassure our shareholders/investors that Nordic American is in a very strong position.

In these volatile markets we have maneuvered conservatively, creating an upwards path for NAT.

All the best,

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 is Nordic American Tankers' current market strategy according to the April 2025 update?

NAT maintains a conservative approach in volatile markets, which has created an upward trajectory for the company according to management.

How does NAT describe its financial position in the April 2025 update?

CEO Herbjorn Hansson stated that Nordic American is in a 'very strong position.'

What key risk factors did NAT identify in their April 2025 statement?

Key risks include changes in charter rates, vessel values, OPEC production levels, operating expenses, and regulatory changes.

Who are the key contact persons for NAT investor relations?

Bjørn Giæver (CFO) and Alexander Kihle (Finance Manager) are listed as key contacts for investor relations.