SLIDE 1
Not For Redistribution
All st at ements in t his press release t hat are not st at ements of hist orical fact are “ forward-looking st at ements” wit hin t he meaning of t he U.S . Privat e S ecurit ies Lit igat ion Reform Act of 1995. Forward-looking st at ements include st at ements t hat address act ivit ies, events or developments t hat t he Company expect s, proj ect s, believes or ant icipat es will or may
- ccur in t he fut ure, part icularly in relat ion t o our operat ions, cash flows, financial posit ion, liquidit y and cash available for dividends or dist ribut ions, plans, st rat egies and business
prospect s, and changes and t rends in our business and t he market s in which we operat e. We caut ion t hat t hese forward-looking st at ements represent our est imat es and assumpt ions
- nly as of t he dat e of t his press release, about fact ors t hat are beyond our abilit y t o cont rol or predict , and are not int ended t o give any assurance as t o fut ure result s. Any of t hese
fact ors or a combinat ion of t hese fact ors could mat erially affect fut ure result s of operat ions and t he ult imate accuracy of t he forward-looking st at ements. Accordingly, you should not unduly rely on any forward-looking st at ement s. Fact ors t hat might cause fut ure result s and out comes t o differ include, but are not limit ed t o t he following:
- general LNG shipping market condit ions and t rends, including spot and long-t erm chart er rat es, ship values, fact ors affect ing supply and demand of LNG and LNG shipping and
t echnological advancement s;
- cont inued low prices for crude oil and pet roleum product s;
- ur abilit y t o ent er int o t ime chart ers wit h new and exist ing cust omers;
- changes in t he ownership of our chart erers;
- ur cust omers’ performance of t heir obligat ions under our t ime chart ers;
- ur fut ure operat ing performance, financial condit ion, liquidit y and cash available for dividends and dist ribut ions;
- ur abilit y t o obt ain financing t o fund capit al expendit ures, acquisit ions and ot her corporat e act ivit ies, funding by banks of t heir financial commit ments, and our abilit y t o meet
- ur rest rict ive covenant s and ot her obligat ions under our credit facilit ies;
- fut ure, pending or recent acquisit ions of or orders for ships or ot her asset s, business st rat egy, areas of possible expansion and expect ed capit al spending or operat ing expenses;
- t he t ime t hat it may t ake t o const ruct and deliver newbuildings and t he useful lives of our ships;
- number of off-hire days, drydocking requirements and insurance cost s;
- fluct uat ions in currencies and int erest rat es;
- ur abilit y t o maint ain long-t erm relat ionships wit h maj or energy companies;
- ur abilit y t o maximize t he use of our ships, including t he re-employment or disposal of ships not under t ime chart er commit ments;
- environmental and regulat ory condit ions, including changes in laws and regulat ions or act ions t aken by regulat ory aut horit ies;
- t he expect ed cost of, and our abilit y t o comply wit h, governmental regulat ions and marit ime self-regulat ory organizat ion st andards, requirements imposed by classificat ion
societ ies and st andards imposed by our chart erers applicable t o our business;
- risks inherent in ship operat ion, including t he discharge of pollut ant s;
- availabilit y of skilled labor, ship crews and management;
- pot ent ial disrupt ion of shipping rout es due t o accident s, polit ical event s, piracy or act s by t errorist s;
- pot ent ial liabilit y from fut ure lit igat ion;
- any malfunct ion or disrupt ion of informat ion t echnology syst ems and net works t hat our operat ions rely on or any impact of a possible cybersecurit y breach; and
- t her risks and uncert aint ies described in t he Company’ s Annual Report on Form 20-F filed wit h t he S
EC and available at ht t p:/ / www.sec.gov. We undert ake no obligat ion t o updat e or revise any forward-looking st at ements cont ained in t his press release, whet her as a result of new informat ion, fut ure event s, a change in
- ur views or expect at ions or ot herwise, except as required by applicable law. New fact ors emerge from t ime t o t ime, and it is not possible for us t o predict all of t hese fact ors.
Furt her, we cannot assess t he impact of each such fact or on our business or t he ext ent t o which any fact or, or combinat ion of fact ors, may cause act ual result s t o be mat erially different from t hose cont ained in any forward-looking st at ement. The declarat ion and payment of dividends are at all t imes subj ect t o t he discret ion of our board of direct ors and will depend on, amongst ot her t hings, risks and uncert ainties described above, rest rict ions in our credit facilit ies, t he provisions of Bermuda law and such ot her fact ors as our board of direct ors may deem relevant .
Forward-Looking Statements
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