Nordic American Offshore Ltd. (NYSE:NAO) - Letter to Shareholders from the Executive Chairman.
(Thomson Reuters ONE) -
Hamilton, Bermuda, April 6, 2017
Dear shareholder,
We receive several requests for information about NAO which is operating in a
transparent market in the North Sea. We issue quarterly reports, next time is
May 2, 2017. From time to time I write to you directly. The first quarter of
2017 is better than the fourth quarter of 2016. The market is still weak.
However, we have seen improved rates, resulting in lower losses for 1Q2017
compared with the previous quarter.
NAO has a solid customer base and over the last few weeks the activity and
direction of the market have been pointing upwards.
We would note that the market for NAO is volatile but we feel it is appropriate
to share with you this positive information. With word-wide ambitions, my board
and I are optimistic about the future of NAO with its strong management team,
modern fleet and solid financial position.
Kind regards,
Herbjorn Hansson
Executive Chairman
Nordic American Offshore Ltd.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Matters discussed in this press release may constitute forward-looking
statements. The Private Securities Litigation Reform Act of 1995 provides safe
harbor protections for forward-looking statements in order to encourage
companies to provide prospective information about their business. Forward-
looking statements include statements concerning plans, objectives, goals,
strategies, future events or performance, and underlying assumptions and other
statements, which are other than statements of historical facts.
The Company desires to take advantage of the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995 and is including this
cautionary statement in connection with this safe harbor legislation. The words
"believe," "anticipate," "intend," "estimate," "forecast," "project," "plan,"
"potential," "may," "should," "expect," "pending" and similar expressions
identify forward-looking statements.
The forward-looking statements in this press release are based upon various
assumptions, many of which are based, in turn, upon further assumptions,
including without limitation, our management's examination of historical
operating trends, data contained in our records and other data available from
third parties. Although we believe that these assumptions were reasonable when
made, because these assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible to predict and
are beyond our control, we cannot assure you that we will achieve or accomplish
these expectations, beliefs or projections. We undertake no obligation to
update any forward-looking statement, whether as a result of new information,
future events or otherwise.
Important factors that, in our view, could cause actual results to differ
materially from those discussed in the forward-looking statements include the
strength of world economies and currencies, general market conditions, including
fluctuations in charter rates and vessel values, changes in demand in the PSV
market, as a result of changes in the general market conditions of the oil and
natural gas industry which influence charter hire rates and vessel values,
demand in platform supply vessels, our operating expenses, including bunker
prices, dry docking and insurance costs, governmental rules and regulations or
actions taken by regulatory authorities as well as potential liability from
pending or future litigation, general domestic and international political
conditions, potential disruption of shipping routes due to accidents or
political events, the availability of financing and refinancing, vessel
breakdowns and instances of off-hire and other important factors described from
time to time in the reports filed by the Company with the Securities and
Exchange Commission.
Contacts:
Herbjørn Hansson, Executive Chairman
Nordic American Offshore Ltd.
Tel: +1 866 805 9504 or + 47 90 14 62 91
Web-site: www.nao.bm
Press release (PDF):
http://hugin.info/159489/R/2094339/791904.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Nordic American Offshore Ltd via GlobeNewswire
Datum: 06.04.2017 - 12:46 Uhr
Sprache: Deutsch
News-ID 534972
Anzahl Zeichen: 5166
contact information:
Town:
Sandefjord
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 139 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Nordic American Offshore Ltd. (NYSE:NAO) - Letter to Shareholders from the Executive Chairman."
steht unter der journalistisch-redaktionellen Verantwortung von
Nordic American Offshore Ltd (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
