NAT De-listing from the OSE

Nordic American Tanker Shipping announced that they will de-list from the Oslo Stock Exchange January 17 due to small trading volume and their European investor’s interest in trading the shares on the NYSE. The company will be saving cost and able to focus their investor relations efforts towards one market. Mr. Herbjørn Hansson has rightfully been criticizing the Norwegian government’s lack of effort in attracting foreign capital providers through making it more attractive to invest in Norwegian companies. The stock exchange has seen more blue water shipping companies de-list than new ones in the past two years. Meanwhile, NAT’s NY stock price is still going strong, with its P/NAV ratio at a striking 274% at market close on Wedneday.

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