-- Foreign Corrupt Practices Act of 1977 or other applicable regulations 
      relating to bribery; 
 
   -- general economic conditions and conditions in the oil industry; 
 
   -- effects of new products and new technology in our industry, including the 
      potential for technological innovation to reduce the value of our vessels 
      and charter income derived therefrom; 
 
   -- new environmental regulations and restrictions, whether at a global level 
      stipulated by the International Maritime Organization, and/or imposed by 
      regional or national authorities such as the European Union or individual 
      countries; 
 
   -- vessel breakdowns and instances of off-hire; 
 
   -- the impact of an interruption in or failure of our information technology 
      and communications systems, including the impact of cyber-attacks upon 
      our ability to operate; 
 
   -- potential conflicts of interest involving members of our board of 
      directors and senior management; 
 
   -- the failure of counter parties to fully perform their contracts with us; 
 
   -- changes in credit risk with respect to our counterparties on contracts; 
 
   -- our dependence on key personnel and our ability to attract, retain and 
      motivate key employees; 
 
   -- adequacy of insurance coverage; 
 
   -- our ability to obtain indemnities from customers; 
 
   -- changes in laws, treaties or regulations; 
 
   -- the volatility of the price of our ordinary shares; 
 
   -- our incorporation under the laws of Cyprus and the different rights to 
      relief that may be available compared to other countries, including the 
      United States; 
 
   -- changes in governmental rules and regulations or actions taken by 
      regulatory authorities; 
 
   -- government requisition of our vessels during a period of war or 
      emergency; 
 
   -- potential liability from pending or future litigation and potential costs 
      due to environmental damage and vessel collisions; 
 
   -- the arrest of our vessels by maritime claimants; 
 
   -- general domestic and international political conditions or events, 
      including "trade wars"; 
 
   -- any further changes in U.S. trade policy that could trigger retaliatory 
      actions by the affected countries; 
 
   -- potential disruption of shipping routes due to accidents, environmental 
      factors, political events, public health threats, international 
      hostilities including the ongoing developments in the Ukraine region and 
      the developments in the Middle East, including the armed conflict in 
      Israel and the Gaza Strip, acts by terrorists or acts of piracy on 
      ocean-going vessels; 
 
   -- the length and severity of epidemics and pandemics and their impacts on 
      the demand for seaborne transportation of crude oil and refined products; 
 
   -- the impact of port or canal congestion; 
 
   -- business disruptions due to adverse weather, natural disasters or other 
      disasters outside our control; and 
 
   -- other important factors described from time to time in the reports filed 
      by the Company with the Securities and Exchange Commission. 

We caution readers of this report not to place undue reliance on these forward-looking statements, which speak only as of their dates. These forward-looking statements are no guarantee of our future performance, and actual results and future developments may vary materially from those projected in the forward-looking statements.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

(1) This press release describes Time Charter Equivalent earnings and related per day amounts and spot TCE currently contracted, which are not measures prepared in accordance with IFRS ("non-GAAP"). See Appendix 1 for a full description of the measures and reconciliation to the nearest IFRS measure.

Attachment

   -- 3rd Quarter 2024 Results 

(END) Dow Jones Newswires

November 27, 2024 01:30 ET (06:30 GMT)