Nordic American Tankers Ltd: Low/decreasing oil price and political uncertainty are good for our Suezmax tankers
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.
Source: Nordic American Tankers Ltd.
2020-12-21
Nordic American Tankers Limite
Nordic American Tankers Ltd (NYSE: NAT) – Announces Results of its 2020 Annual General Meeting of Shareholders
Nordic American Tankers Ltd (NYSE: NAT) – Announces Results of its 2020 Annual General Meeting of Shareholders
December 18, 2020.
Nordic American Tankers Limited (the Company ) (NYSE: NAT) conducted its Annual General Meeting of Shareholders (the Meeting ) on December 18, 2020, in Monaco.
The following resolutions were approved and adopted at the Meeting:
Election of the five nominees to the Board of Directors.
Approval of the appointment of KPMG AS as the Company s independent auditors.
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 busin
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December 18, 2020.
Nordic American Tankers Limited (the Company ) (NYSE: NAT) conducted its Annual General Meeting of Shareholders (the Meeting ) on December 18, 2020, in Monaco.
The following resolutions were approved and adopted at the Meeting:
Election of the five nominees to the Board of Directors.
Approval of the appointment of KPMG AS as the Company s independent auditors.
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.
Nordic American Tankers Ltd: Presidential CITATION and strong prospects for the Tanker Market
Last week, the undersigned received an Award from the President of the Republic of Korea (South Korea) for our promotion of the country over the years.
Because of the Covid-19 situation, I was unable to visit the Palace of the President in Seoul. Instead, I received the Award at a ceremony in the South Korean Embassy in Oslo, Norway. The Korean Ambassador to Norway, Her Excellency Mrs. Youngsook NAM, presented the Award. A recording of the ceremony is on our website www.nat.bm
Our relationship with South Korea and other countries in Asia has always been important for NAT. We see this Award as a token of our work in the region. We are actively trading our ships in the East.
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