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    Randy Giveans

    Senior Vice President and Group Head of Energy Maritime Shipping Equity Research at Jefferies

    Randy Giveans is a Senior Vice President and Group Head of Energy Maritime Shipping Equity Research at Jefferies, specializing in equity research of global shipping companies transporting crude oil, refined products, LNG, LPG, dry bulk, and containers. He has covered up to 32 companies in this space and was ranked as a top five analyst across all sectors on TipRanks for 2021, recognized for delivering industry-leading investment returns and named #1 Stock Picker for Shipping by Thomson Reuters. Giveans began his equity research career at Jefferies in 2011 after holding a senior financial analyst position at Continental/United Airlines, and he holds a BS in Finance/Economics from Spring Hill College as well as an MBA in Finance with an Energy Specialization from Tulane. His professional credentials include recognition from Institutional Investor's All-America Research Team for multiple years.

    Randy Giveans's questions to NORDIC AMERICAN TANKERS (NAT) leadership

    Randy Giveans's questions to NORDIC AMERICAN TANKERS (NAT) leadership • Q4 2018

    Question

    Randy Giveans from Jefferies inquired about the company's IMO 2020 compliance plan, specifically regarding VLSFO availability, and its strategy for fleet renewal. He also asked for the interest rate on the new Beal Bank credit facility.

    Answer

    Chairman and CEO Herbjørn Hansson and CFO Bjørn Giæver explained that their vessels already use compliant fuel in certain areas and that the company's strategy is to avoid the risks of scrubbers by burning cleaner fuels. For fleet renewal, Hansson stated a preference for acquiring secondhand ships over newbuilds to manage financial burden. He also indicated the interest rate for the new financing is in the 6% to 8% range.

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