Monday, August 15, 2022
Dear Shareholders and Investors,
Below are the latest contracts for our suezmax ships, showing
the level of the market.
The rates we experience now are far above recent
quarters.
12th Aug.: Vessel fixed on subjects to US Oil Major for voyage
from Mediterranean to Asia. Time Charter Equivalent (TCE) about USD
60,000 over 35 days
12th Aug.: Vessel fixed on subjects to Asian interests for
voyage from AG to Singapore. Time Charter Equivalent (TCE) about
USD 19,000 over 36 days
4th Aug.: Vessel fixed to Asian interests for voyage cross
Mediterranean. Time Charter Equivalent (TCE) about USD 40,000 over
15 days
3rd Aug.: Vessel fixed to Asian interests for voyage from Red
Sea to Asia. Time Charter Equivalent (TCE) about USD 21,500 over 45
days
28th July: Vessel fixed to Asian interests for voyage from AG to
Singapore. Time Charter Equivalent (TCE) about USD 46,500 over 26
days
25th July: Vessel fixed to American interests for voyage
(positioning voyage) from AG to US Gulf. Time Charter Equivalent
(TCE) about USD 13,500 over 65 days
25th July: Vessel fixed to European interests for voyage from
Brazil to Europe. Time Charter Equivalent (TCE) about USD 30,000
over 40 days
21st July: Vessel fixed to European interests for voyage from US
Gulf to Europe. Time Charter Equivalent (TCE) about USD 55,000 over
40 days
20th July: Vessel fixed to Indian interests for voyage from AG
to EC India. Time Charter Equivalent (TCE) about USD 37,000 over 20
days
15th July: Vessel fixed to Singapore interests for voyage from
AG to Singapore. Time Charter Equivalent (TCE) about USD 30,000
over 32 days
For contacts, please see at the end of this
communication.
Sincerely,
Herbjorn HanssonFounder, Chairman & CEONordic American
Tankers Limited
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.
Contacts:
Bjørn Giæver, CFONordic American Tankers LtdTel: +1
888 755 8391
Alexander Kihle, Finance ManagerNordic American
Tankers LtdTel: +47 91 72 41 71
www.nat.bm
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