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.