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    Turner Holm

    Research Analyst at Clarksons

    Turner Holm is Managing Director, Investment Banking at Clarksons Securities AS, specializing in investment banking for the offshore wind and shipping sectors. Previously head of research covering US shipping companies, Holm spent over 12 years at Clarksons as an equities analyst focused on listed shipping stocks before transitioning to investment banking in 2024. His track record includes in-depth analysis and coverage of leading firms within the dry bulk and maritime shipping industries, with a reputation for data-driven insights and a senior leadership role in building the research team. Holm's professional credentials include extensive market experience and a notable progression from equity research leadership to investment banking roles within a premier global maritime and energy firm.

    Turner Holm's questions to NORDIC AMERICAN TANKERS (NAT) leadership

    Turner Holm's questions to NORDIC AMERICAN TANKERS (NAT) leadership • Q3 2022

    Question

    Turner Holm from Clarksons inquired about the company's chartering strategy, noting the significant increase in 1-year time charter rates and asking if NAT would consider shifting from its historical focus on the spot market. He also asked for a long-term outlook on the tanker market's strength.

    Answer

    Executive Chairman Herbjørn Hansson reaffirmed that the company's primary strategy is to remain in the spot market, as they believe it generates the most cash, and that paying dividends remains a non-negotiable priority. He stated they would only consider time charters if the terms were exceptionally attractive. Regarding the market's longevity, Hansson stressed that while the future is uncertain, it is management's duty to have a forward-looking view on behalf of its 80,000 shareholders.

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