Nordic American Tankers AGM Agrees Share Capital Increase

By George Backwell
Friday, June 20, 2014
Nordic American Tankship: Photo credit NAT

Nordic American Tankers (NAT) informs it held its Annual General Meeting (AGM) recently in Hamilton Bermuda.  The following resolutions were approved:

  • All of the nominees of the Board of Directors were approved to serve until the next Annual General Meeting of Shareholders;
  • Deloitte AS was approved as the Company's independent auditors until the close of the next Annual General Meeting;
  • An amendment to the Company's Memorandum of Association to increase the Company's authorized share capital was approved; and
  • The reduction of the Company's share premium account by approximately $208.2 million, which is the amount paid up in excess o f the aggregate par value of the outstanding common shares, par value $0.01 per share, was approved.

www.nat.bm

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Exmar Optimistic About Gas Carrier Market into 2015

Belgian gas shipping group Exmar said on Thursday that the market for its very large and midsize gas carriers was at historically high levels in the third quarter

Rep. Cummings Receives Maritime Service Award

On Wednesday, October 29, Congressman Elijah E. Cummings (D-MD) delivered keynote remarks at APL Maritime’s Senior Management Conference, and received an award

LA Governor Jindal Appoints Bollinger's Barker

Louisiana Governor Bobby Jindal appointed James "Ray" Barker to the Louisiana Workforce Investment Council. Barker, of Raceland, is the Director of Human Resources at Bollinger Shipyards, Inc.

Tanker Trends

Easing US Oil Export Ban Unlikey to Raise Gasoline Prices

A government study on Thursday essentially supported the notion that easing the decades-old restriction on exporting U.S. crude was more likely to lower than raise

Exmar Optimistic About Gas Carrier Market into 2015

Belgian gas shipping group Exmar said on Thursday that the market for its very large and midsize gas carriers was at historically high levels in the third quarter

Iran Gas Exports to Europe Would Take at Least 5 Years

Iran would take at least five years to start exporting natural gas to the European Union if sanctions were removed, industry experts said on Wednesday. Last month,

Finance

Exmar Optimistic About Gas Carrier Market into 2015

Belgian gas shipping group Exmar said on Thursday that the market for its very large and midsize gas carriers was at historically high levels in the third quarter

Confidence High in UK Logistics Sector

The latest U.K. Logistics Confidence Index commissioned by Barclays and Moore Stephens reveals that confidence in the U.K. logistics sector remains high but more

Statoil Invests $1.5b in US Offshore Project

Statoil together with co-owners in the Stampede development in the Gulf of Mexicohas sanctioned the Stampede project in the U.S. Gulf of Mexico. Statoil said it will invest $1.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Pipelines Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1948 sec (5 req/sec)