Nordic American Receives Vessel No. 18

Friday, March 05, 2010

Nordic American Tanker Shipping Ltd. (NYSE: NAT) took delivery on March 2 of the suezmax vessel that the company agreed to acquire in November 2009. The double hull suezmax vessel has been named Nordic Passat. Including the Nordic Passat, the company's fleet consists of 18 suezmax vessels of which two are newbuildings to be delivered later this year. The Nordic Passat will be employed in the spot market after an approximate two months period on a contract. The company noted that this addition to the fleet represents an important step in expansion of the company. The transaction is in line with the company's strategy with focus on accretive growth together with increased dividend and earnings capacity of the Company.

(www.nat.bm)

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Vessels

Vietnam Asks Japan for Vessels to Strengthen Coastguard

Vietnam has asked Japan to provide vessels to strengthen its coastguard, a Japanese official said on Thursday, in the latest sign of growing ties among the states locked in maritime rows with China.

Slower Demand for Larger Vessels Drags Baltic Index Lower

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Thursday due to diminishing demand for larger vessels.

Bollinger Wins Contract for Phase II FRC Builds

Louisiana shipbuilder Bollinger Shipyards announced it has secured a contract to build Phase II of the Sentinel Class Fast Response Cutters (FRC) for the United States Coast Guard (USCG).

 
 
Maritime Careers / Shipboard Positions Naval Architecture Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | 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: 0.0643 sec (16 req/sec)