Nordic American Tankers has responded to the chaos in shipping energy equities by reassuring investors of its own position.
Teekay’s decision to chop dividend across three of its public vehicles sent equities, particularly in the MLP space, spinning yesterday.
NAT was caught up in the wider selldown, losing around 6% of its value yesterday.
In a short statement to investors on Friday NAT stressed it was not an MLP and had no exposure to such vehicles.
