Hamilton, Bermuda, August 31, 2012
As Chairman & CEO of Nordic American Tankers Limited, I would like to invite any interested shareholders, investors and analysts to take part in a telephone conference call on September 25th, 2012, at 9.00 a.m. US Eastern time.
I envision this as the first in a series of semi-annual conference calls that allow us to explain the “Nordic American System,” including our fleet profile, dividend policy, and other aspects of our strategy.
Nordic American is in an enviable position in the tanker industry today, primarily because of its low debt. This creates a competitive advantage for our company in the present environment, as outlined in our letter to shareholders three days ago and as described more extensively in our report for the second quarter announced August 7. Major oil companies such as Shell and British Petroleum are a strong part of our customer base, and we are particularly pleased with our recent agreement to do business with a subsidiary of ExxonMobil Corporation.
This conference call underscores our desire to enhance our communications with shareholders and others about conditions in the tanker industry. These calls will supplement, not replace, the several other ways in which we communicate with the financial market. These calls will also give us an opportunity to share with you some reflections on developments in the world economy and how they may affect Nordic American.
Well in advance of the conference, we shall provide dial-in details.
Chairman & CEO