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Magnus Fyhr

Managing Director and former Head of Maritime Research at Seaport Global Asset Management LLC

Magnus Fyhr is a Managing Director and former Head of Maritime Research at Seaport Global Securities LLC, specializing in equity research across the global maritime and shipping industries. He has covered major companies such as Nordic American Tankers and has been recognized for his insights on shipping equities, demonstrating deep sector expertise and strong client impact. Fyhr has built an extensive career spanning nearly two decades, previously serving as CEO of Clarkson Capital Markets, founding Aquanaut Capital Management, and holding analyst positions at Jefferies, Everen Securities, and Lehman Brothers before joining Seaport Global in the mid-2010s. He holds an MBA in Finance from the University of St. Thomas in Houston and a BA in Accounting and Finance from Houston Baptist University, and he has been recognized in industry rankings such as The Wall Street Journal’s 'Best on the Street.'

Magnus Fyhr's questions to NORDIC AMERICAN TANKERS (NAT) leadership

Question · Q4 2016

Magnus Fyhr from Seaport Global Securities LLC inquired about the financing plans for the upcoming newbuild vessels. He also asked for the rationale behind focusing exclusively on the Suezmax market versus VLCCs and questioned how the dividend might be addressed if market rates remained challenging.

Answer

Chairman & CEO Herbjørn Hansson explained that the next newbuild would be paid for with cash on hand, while future financing would depend on market conditions but would maintain a low level of debt. He defended the Suezmax focus by highlighting the lower risk profile compared to VLCCs and the operational advantages of a homogenous fleet. He reiterated that the dividend is a priority, but the amount is subject to future market performance.

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