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    James Jang

    Senior Equity Research Analyst at Maxim Group

    James Jang is a Senior Equity Research Analyst at Maxim Group, specializing in the industrials, infrastructure, and renewable energy sectors. He has covered companies such as Nordic American Tankers and has engaged with management teams through earnings calls, with public records noting his direct company coverage. Jang began his analyst career at Canaccord Genuity, later holding senior research roles at Aegis Capital and Maxim Group, and he holds both a BA from Binghamton University and an MBA from the University of Rochester. He possesses significant experience in equity research and capital markets, underpinned by a background in investment banking and private equity.

    James Jang's questions to NORDIC AMERICAN TANKERS (NAT) leadership

    James Jang's questions to NORDIC AMERICAN TANKERS (NAT) leadership • Q4 2016

    Question

    James Jang from Maxim Group asked about plans for older vessels considering upcoming environmental regulations like ballast water treatment. He also questioned if older tonnage receives lower rates, the short-term rate outlook given new deliveries, and the company's preference for shipyards.

    Answer

    Chairman & CEO Herbjørn Hansson stated that environmental regulations are manageable, as vessels can use low-sulfur fuel and the ballast water treatment installation can be postponed for five years with proper planning. He reiterated that high-quality older vessels do not get lower rates and dismissed short-term rate concerns, emphasizing long-term strategy. He expressed a preference for familiar shipyards but remained pragmatic based on terms and quality.

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