SOURCE: Nordic American Tankers Limited

Nordic American Tankers Limited

May 16, 2013 05:00 ET

Nordic American Tankers Limited (NYSE: NAT) Announces Date for Its 2013 Annual General Meeting of Shareholders and the Availability of Its Annual Report

HAMILTON, BERMUDA--(Marketwired - May 16, 2013) - Nordic American Tankers Ltd. (the "Company") (NYSE: NAT) today announced that its Board of Directors (the "Board") has scheduled the Company's 2013 Annual General Meeting of Shareholders (the "Meeting"), to be held on June 25, 2013 at 10:00 a.m. in Hamilton, Bermuda. The Board has set a record date of May 3, 2013 for the determination of the Company's shareholders entitled to receive notice of and to vote at the Meeting or any adjournment thereof.

The Company's Notice of the Meeting and Proxy Statement were furnished to the Securities and Exchange Commission (the "Commission") on May 16, 2013, on the Commission's website at www.sec.gov, and may also be found on the Company's website at www.nat.bm.

The Company also filed its 2012 Annual Report on Form 20-F, which includes the Company's complete 2012 audited financial statements, with the Commission and the Annual Report is available on the SEC website at www.sec.gov and the Company's website at www.nat.bm.

Any shareholder may receive a hard copy of the Company's Annual Report or Proxy Statement, free of charge upon request.

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 world wide 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.

Press Release (PDF):

http://hugin.info/201/R/1701477/561780.pdf

Contact Information

  • Contacts:

    Scandic American Shipping Ltd
    Manager for:
    Nordic American Tankers Limited
    P.O Box 56, 3201
    Sandefjord, Norway
    Tel: + 47 33 42 73 00
    E-mail: nat@scandicamerican.com

    Jacob Ellefsen,
    Manager, Investor Relations & Research
    Monaco
    Nordic American Tankers Limited
    Tel: + 377 93 25 89 07
    + 33 678 631 959

    Rolf Amundsen
    Advisor
    Norway
    Nordic American Tankers Limited
    Tel: +1 800 601 9079
    + 47 908 26 906

    Gary J. Wolfe
    Seward & Kissel LLP
    New York, USA
    Tel: +1 212 574 1223

    Turid M. Sørensen
    EVP & CFO
    Norway
    Nordic Ameican Tankers Limited
    Tel: + 47 33 42 73 00
    + 47 90 57 29 27

    Herbjørn Hansson
    Chairman & CEO
    Nordic American Tankers Limited
    Tel: +1 866 805 9504
    + 47 901 46 291