Nordic American Tankers Limited - (NYSE: NAT) - Newbuilding Suezmax tanker delivered to Nordic American, increasing the fleet...
February 28 2017 - 5:39AM
Hamilton, Bermuda, February 28, 2017
Nordic American Tankers Limited announced that
it yesterday took delivery of Nordic Space, its second Suezmax
newbuilding tanker of 158,000 deadweight tons, built at Sungdong
Shipbuilding & Marine Engineering Co., Ltd., South Korea. The
Nordic Space has started on her maiden voyage.
Through disciplined financial management and a
well-defined operating model, NAT now has a fleet of 33 Suezmax
vessels, including three newbuildings to be delivered during the
second half of 2018. Expansion of the fleet is important for NAT in
order to increase earnings and dividend capacity.
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 world
wide 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: |
|
Jan H. A. Moller, Head of
Investor Relations & Financial Manager Nordic American Tankers
Limited Tel: +1 888 755 8391 or +47 90 11 53 75 |
Gary J. Wolfe Seward &
Kissel LLP New York, NY, USA Tel: +1 212 574 1223 |
Turid M. Sørensen, CFO
& EVP Nordic American Tankers Limited Tel: +47 33 42 73 00 or
+47 90 57 29 27 |
Herbjørn Hansson, Chairman
& CEO Nordic American Tankers Limited Tel: +1 866 805
9504 or +47 90 14 62 91 |
Rolf Amundsen, Advisor
Nordic American Tankers Limited Tel: +1 800 601 9079 or + 47 90 82
69 06 |
Web-site:
www.nat.bm |
Attachments:
http://www.globenewswire.com/NewsRoom/AttachmentNg/7bc77d91-55b9-4545-a088-79d4bc1dbbd3
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