November 6, 2020
Dear Shareholders and Investors,
We receive many comments and questions regarding the market for our suezmaxes (25 suezmaxes including 2 newbuildings for 2022 delivery).
NAT is in a positive phase of development. There has been a certain lull in the market recently, which we regard as a short term phenomenon.
A company can go three ways: Sideways, downwards or upwards. NAT is solidly on its way upwards.
Our results are out Monday November the 16th.
Dividend is a priority, but a reflection of earnings, as it has always been.
Founder, Chairman & CEO
Nordic American Tankers Ltd.
Nordic American Tanker Shipping Ltd., press release