Benzinga | Dec 15, 2020 06:37AM EST

Nordic American Tankers Issues Shareholder Letter

Co. Shareholder Letter:

'

December 15, 2020

Dear Shareholders and Investors,



Last week, the undersigned received an Award from the President of the Republic of Korea (South Korea) for our promotion of the country over the years.

Because of the Covid-19 situation, I was unable to visit the Palace of the President in Seoul. Instead, I received the Award at a ceremony in the South Korean Embassy in Oslo, Norway. The Korean Ambassador to Norway, Her Excellency Mrs. Youngsook NAM, presented the Award. A recording of the ceremony is on our website www.nat.bm



Our relationship with South Korea and other countries in Asia has always been important for NAT. We see this Award as a token of our work in the region. We are actively trading our ships in the East.



Despite a temporary slowdown in the fourth quarter, we expect that 2020 will become a very good year for NAT. We see that the Asian economies are recovering rapidly.



In particular to all our friends in the US, on behalf of Nordic American Tankers, I would like to take this opportunity to wish you all the best for Christmas and for a strong Tanker Year in 2021!





Best regards,

Herbjorn Hansson

Founder, Chairman & CEO



Nordic American Tankers Ltd.'