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    Erik Hovi

    Research Analyst at Clarksons

    Erik Hovi is a senior equity analyst with deep specialization in maritime and shipping markets, most recently serving as an analyst at Clarksons Platou Securities and later at Fearnley Securities. His coverage included major shipping companies such as Hafnia, Hoegh Autoliners, AP Moller-Maersk, and other Nordic maritime firms, with a notable track record for insightful investment calls and industry leadership in Nordic shipping equity research. Hovi's career began at Clarksons Platou in Oslo, followed by roles at Fearnley Securities and Nordea, culminating in his recent appointment as Head of Investments at Hoegh Autoliners in 2025. He holds professional credentials in equity analysis for maritime markets, frequently cited for his impact and recognized as a driving force behind shipping sector investment strategies across Scandinavia.

    Erik Hovi's questions to NORDIC AMERICAN TANKERS (NAT) leadership

    Erik Hovi's questions to NORDIC AMERICAN TANKERS (NAT) leadership • Q4 2018

    Question

    Erik Hovi from Clarksons asked for clarification on the dividend, noting that guided Q1 earnings could imply a much higher payout. He questioned how quickly the dividend would return to tracking operating cash flow and if a 50/50 split between debt repayment and shareholder returns was a fair assumption.

    Answer

    Chairman and CEO Herbjørn Hansson declined to predict a specific future dividend amount but affirmed that a stronger market creates more capacity for higher dividends, which he personally favors as a large shareholder. He emphasized the long-term goal of returning to a no-debt balance sheet and paying substantial dividends as in the past, without committing to a specific timeline or allocation formula.

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