Nordic American Tankers Ltd (NYSE: NAT) - Low/decreasing oil price and political uncertainty are good for our Suezmax tankers

December 21, 2020

Dear Shareholders and Investors,

Last week we commented on the strong economic development in Asia. This is a contrast to the uncertainties elsewhere in the world.

Regional imbalances in demand, combined with a decreasing price of oil that we now see, stimulate transportation of oil that our Suezmax tankers carry.

This is all good for our tankers.

Sincerely,
Herbjorn Hansson
Founder, Chairman & CEO
Nordic American Tankers Ltd.

Nordic American Tanker Shipping Ltd., press release