Wednesday, July 28, 2021 Dear Shareholders and Investors, A few years ago, NAT winnowed its fleet from 33 vessels to 23 vessels. Last year the company ordered two newbuildings from South Korea. These two ships will be delivered to NAT in 2022. As described below the path forward is expansion. We have concrete projects to sell at least two ships built in 2000 and 2002. These sales are a part of a process to increase the fleet by purchasing at least two or more additional ships of a more recent vi
Monday, July 19, 2021 Dear Shareholders and Investors, Nordic American Tankers Limited (the “Company”) (NYSE: NAT) conducted its Annual General Meeting of Shareholders (the “Meeting”) on July 19, 2021, in Monaco. The following resolutions were approved and adopted at the Meeting: Election of the four nominees to the Board of Directors. Approval of the appointment of KPMG AS as the Company’s independent auditors. Sincerely, Herbjorn HanssonFounder, Chairman & CEO Nordic American Tankers Ltd. www.
Monday, July 19, 2021 Dear Shareholders and Investors, Rates for our suezmax ships may change very quickly as communicated in the message below. 1) A few days ago we signed a contract for one of our suezmax vessels going via the Suez Canal from the West to the East – with planned discharge in China.The net TC rate to us is about USD 17,000 per day for 40 days which could extend to 60 days.2) Last week, we also signed a contract which is lasting for minimum six or could last for seven months at a