Nordic American Tankers Ltd (NYSE: NAT) – Crews on our ships deserve assistance
June 25 2021 - 6:36AM
Friday, June 25, 2021
Dear Shareholders and Investors,
The international shipping association BIMCO has members
representing 60% of the world’s commercial fleet measured in
lightweight. BIMCO is based in Denmark. It has publicized a strong
appeal to governments, saying that “Governments need to take
action to eradicate piracy and allow us to change crews so that we
can keep the world supplied and get them home safely”.
There are more than one million men and women working on ships
sailing across the globe.
In September 2020, an estimated 400,000, requiring repatriation
were stranded at sea due to the pandemic.
The same year, 135 members of crew were kidnapped from their
ships.
BIMCO says that governments need to act now. The seafarers
deserve support.
Nordic American Tankers is a member of BIMCO, which has about
2,000 members in 120 countries.
As Founder, Chairman and CEO of NAT, I strongly support this
important appeal on behalf of all the men and women on our ships
who are doing such an important job.
You can watch this important video on
our webpage www.nat.bm
Sincerely,
Herbjorn HanssonFounder, 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.
NAT is a Bermuda based company.
Contacts:
Gary J. WolfeSeward & Kissel LLPNew York, USATel: +1 212 574
1223
Bjørn Giæver, CFO
Nordic American
Tankers Ltd
Tel: +1 888 755
8391 or +47 91 35 00 91
Herbjørn Hansson, Founder, Chairman & CEONordic American
Tankers LtdTel: +1 866 805 9504 or +47 90 14 62 91
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