{"id":403406,"date":"2020-12-21T07:02:35","date_gmt":"2020-12-21T12:02:35","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=403406"},"modified":"2020-12-21T07:02:35","modified_gmt":"2020-12-21T12:02:35","slug":"nordic-american-tankers-ltd-nyse-nat-low-decreasing-oil-price-and-political-uncertainty-are-good-for-our-suezmax-tankers","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nordic-american-tankers-ltd-nyse-nat-low-decreasing-oil-price-and-political-uncertainty-are-good-for-our-suezmax-tankers\/","title":{"rendered":"Nordic American Tankers Ltd (NYSE: NAT) \u2013 Low\/decreasing oil price and political uncertainty are good for our Suezmax tankers"},"content":{"rendered":"<div class=\"mw_release\">\n<p>\n        <br \/>December\u00a021, 2020<\/p>\n<p>\n        <br \/>\n        <strong>Dear Shareholders and Investors,\u00a0<\/strong><br \/>\n        \n      <\/p>\n<p>\n        <br \/>Last week we commented on the strong economic development in Asia. This is a contrast to the uncertainties elsewhere in the world.<\/p>\n<p>Regional imbalances in demand, combined with a decreasing price of oil that we now see, stimulate transportation of oil that our Suezmax tankers carry.<\/p>\n<p>This is all good for our tankers.<\/p>\n<p>\n        <br \/>Sincerely,<br \/>Herbjorn Hansson<\/p>\n<p>Founder, Chairman &amp; CEO<\/p>\n<p>Nordic American Tankers Ltd.\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0www.nat.bm\u00a0\u00a0<\/p>\n<p align=\"center\">\u00a0<strong>CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS<\/strong><\/p>\n<p>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.<\/p>\n<p>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 \u201cbelieve,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cestimate,\u201d \u201cforecast,\u201d \u201cproject,\u201d \u201cplan,\u201d \u201cpotential,\u201d \u201cwill,\u201d \u201cmay,\u201d \u201cshould,\u201d \u201cexpect,\u201d \u201cpending\u201d and similar expressions identify forward-looking statements.<\/p>\n<p>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\u2019s 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.<\/p>\n<p>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\u2019s 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.<\/p>\n<p>NAT is a Bermuda based company.<\/p>\n<p>\n        <strong>Contacts:\u00a0\u00a0\u00a0\u00a0<\/strong>\u00a0 \u00a0<\/p>\n<p>Gary J. Wolfe<br \/>Seward &amp; Kissel LLP<br \/>New York, USA<br \/>Tel: +1 212 574 1223<\/p>\n<p>Bj\u00f8rn Gi\u00e6ver, CFO\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<br \/>Nordic American Tankers Ltd\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<br \/>Tel: +1\u00a0888\u00a0755 8391 or +47\u00a091 35 00 91\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/p>\n<p>Herbj\u00f8rn Hansson, Chairman &amp; CEO<br \/>Nordic American Tankers Ltd<br \/>Tel: +1\u00a0866\u00a0805 9504 or +47 90 14 62 91\u00a0 \u00a0 \u00a0 \u00a0<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=MTAwMDQ0NzEzMCM0MDA4NDE3NTMjMjA4Mzk1Mg==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml-eu.globenewswire.com\/release\/track\/c00db41e-22d9-4cef-9aba-157dfd260f7f\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>December\u00a021, 2020 Dear Shareholders and Investors,\u00a0 Last week we commented on the strong economic development in Asia. This is a contrast to the uncertainties elsewhere in the world. Regional imbalances in demand, combined with a decreasing price of oil that we now see, stimulate transportation of oil that our Suezmax tankers carry. This is all good for our tankers. Sincerely,Herbjorn Hansson Founder, Chairman &amp; CEO Nordic American Tankers Ltd.\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0www.nat.bm\u00a0\u00a0 \u00a0CAUTIONARY 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 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nordic-american-tankers-ltd-nyse-nat-low-decreasing-oil-price-and-political-uncertainty-are-good-for-our-suezmax-tankers\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Nordic American Tankers Ltd (NYSE: NAT) \u2013 Low\/decreasing oil price and political uncertainty are good for our Suezmax tankers&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-403406","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Nordic American Tankers Ltd (NYSE: NAT) \u2013 Low\/decreasing oil price and political uncertainty are good for our Suezmax tankers - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nordic-american-tankers-ltd-nyse-nat-low-decreasing-oil-price-and-political-uncertainty-are-good-for-our-suezmax-tankers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nordic American Tankers Ltd (NYSE: NAT) \u2013 Low\/decreasing oil price and political uncertainty are good for our Suezmax tankers - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"December\u00a021, 2020 Dear Shareholders and Investors,\u00a0 Last week we commented on the strong economic development in Asia. This is a contrast to the uncertainties elsewhere in the world. Regional imbalances in demand, combined with a decreasing price of oil that we now see, stimulate transportation of oil that our Suezmax tankers carry. This is all good for our tankers. Sincerely,Herbjorn Hansson Founder, Chairman &amp; CEO Nordic American Tankers Ltd.\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0www.nat.bm\u00a0\u00a0 \u00a0CAUTIONARY 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 &hellip; Continue reading &quot;Nordic American Tankers Ltd (NYSE: NAT) \u2013 Low\/decreasing oil price and political uncertainty are good for our Suezmax tankers&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/nordic-american-tankers-ltd-nyse-nat-low-decreasing-oil-price-and-political-uncertainty-are-good-for-our-suezmax-tankers\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-21T12:02:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=MTAwMDQ0NzEzMCM0MDA4NDE3NTMjMjA4Mzk1Mg==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nordic-american-tankers-ltd-nyse-nat-low-decreasing-oil-price-and-political-uncertainty-are-good-for-our-suezmax-tankers\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nordic-american-tankers-ltd-nyse-nat-low-decreasing-oil-price-and-political-uncertainty-are-good-for-our-suezmax-tankers\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Nordic American Tankers Ltd (NYSE: NAT) \u2013 Low\\\/decreasing oil price and political uncertainty are good for our Suezmax tankers\",\"datePublished\":\"2020-12-21T12:02:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nordic-american-tankers-ltd-nyse-nat-low-decreasing-oil-price-and-political-uncertainty-are-good-for-our-suezmax-tankers\\\/\"},\"wordCount\":529,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nordic-american-tankers-ltd-nyse-nat-low-decreasing-oil-price-and-political-uncertainty-are-good-for-our-suezmax-tankers\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=MTAwMDQ0NzEzMCM0MDA4NDE3NTMjMjA4Mzk1Mg==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nordic-american-tankers-ltd-nyse-nat-low-decreasing-oil-price-and-political-uncertainty-are-good-for-our-suezmax-tankers\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nordic-american-tankers-ltd-nyse-nat-low-decreasing-oil-price-and-political-uncertainty-are-good-for-our-suezmax-tankers\\\/\",\"name\":\"Nordic American Tankers Ltd (NYSE: NAT) \u2013 Low\\\/decreasing oil price and political uncertainty are good for our Suezmax tankers - 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This is a contrast to the uncertainties elsewhere in the world. Regional imbalances in demand, combined with a decreasing price of oil that we now see, stimulate transportation of oil that our Suezmax tankers carry. This is all good for our tankers. Sincerely,Herbjorn Hansson Founder, Chairman &amp; CEO Nordic American Tankers Ltd.\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0www.nat.bm\u00a0\u00a0 \u00a0CAUTIONARY 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 &hellip; Continue reading \"Nordic American Tankers Ltd (NYSE: NAT) \u2013 Low\/decreasing oil price and political uncertainty are good for our Suezmax tankers\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/nordic-american-tankers-ltd-nyse-nat-low-decreasing-oil-price-and-political-uncertainty-are-good-for-our-suezmax-tankers\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-21T12:02:35+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=MTAwMDQ0NzEzMCM0MDA4NDE3NTMjMjA4Mzk1Mg==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nordic-american-tankers-ltd-nyse-nat-low-decreasing-oil-price-and-political-uncertainty-are-good-for-our-suezmax-tankers\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nordic-american-tankers-ltd-nyse-nat-low-decreasing-oil-price-and-political-uncertainty-are-good-for-our-suezmax-tankers\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Nordic American Tankers Ltd (NYSE: NAT) \u2013 Low\/decreasing oil price and political uncertainty are good for our Suezmax tankers","datePublished":"2020-12-21T12:02:35+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nordic-american-tankers-ltd-nyse-nat-low-decreasing-oil-price-and-political-uncertainty-are-good-for-our-suezmax-tankers\/"},"wordCount":529,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nordic-american-tankers-ltd-nyse-nat-low-decreasing-oil-price-and-political-uncertainty-are-good-for-our-suezmax-tankers\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=MTAwMDQ0NzEzMCM0MDA4NDE3NTMjMjA4Mzk1Mg==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nordic-american-tankers-ltd-nyse-nat-low-decreasing-oil-price-and-political-uncertainty-are-good-for-our-suezmax-tankers\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/nordic-american-tankers-ltd-nyse-nat-low-decreasing-oil-price-and-political-uncertainty-are-good-for-our-suezmax-tankers\/","name":"Nordic American Tankers Ltd (NYSE: NAT) \u2013 Low\/decreasing oil price and political uncertainty are good for our Suezmax tankers - 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