Currents Not Linked to New England Sea Level
that AMOC intensity and sea level seem to change at the same time, it found that neither directly causes changes in the behavior of the other. Instead, both seem to be controlled simultaneously by variability in major weather patterns over the North Atlantic, such as the North Atlantic Oscillation (NAO).“Changes in the NAO alter both AMOC and sea level separately," Piecuch explained. "As the NAO changes, it affects the trade winds, which blow from the east across the tropical Atlantic. When the NAO is high, the trade winds are stronger than normal, which in turn strengthens AMOC
Hansson Sees Positive Outlook for NAO
Nordic American Offshore Ltd. (NAO) executive chairman, Herbjørn Hansson, has increased his ownership in the company, purchasing an additional 50,000 NAO shares with his son, Alexander, yesterday at about $7.83 per share. In a letter to NAO shareholders, Hansson shared thoughts on the progress the company has made since first being listed on the New York Stock Exchange (NYSE) in June 2014, entering the Platform Supply Vessel (PSV) market against high, stable oil prices and record investment levels in the offshore segment. “Currently the market for our vessels is turbulent
NAO Takes Delivery of Platform Supply Vessel
Nordic American Tankers (NAT) said that NAO took delivery of the last of the six recently built Platform Supply Vessels (PSVs) from the Ulstein Group of Norway. NAO is fully operational. NAT is the sponsor of NAO, owning 26% of the share capital in NAO. A subsidiary of NAT is the manager of NAO. NAO has its six PSVs in the North Sea offshore market, and according to NAT, NAO is seen as an important investment. Three vessels were delivered from the seller to NAO in December 2013. The last three were delivered in January 2014, a few days later than planned because of bad weather which delayed
February 2024
