Hansson Sees Positive Outlook for NAO
see renewed activity in our market, and improved demand for our vessels.” “In our 2014 start-up year we declared total dividends of $1.80 per share,” Hansson said. “Going forward we will review the dividend on a quarterly basis in the same way as Nordic American Tankers (NAT) has done in the past. NAO basically employs the same strategy as NAT. A strong balance sheet and low cost breakeven are the key elements of our robust long-term performance. We expect to continue to pay a dividend going forward - although, for the time being, at a lower level than for the previous
Meridian Adds Two Saab Seaeye ROVs
market for undertaking fast response assignments in the offshore fields of America, Trinidad and Mexico. It has created a suite of rapidly deployable ROV packages comprising Saab Seaeye Lynx and Falcons set in small-footprint containerized systems ready for speedy deployment from a 150 foot vessel. Nat Spencer, Meridian’s Principal and Director of Business Development, explains that the Lynx, with its TMS and enhanced operating features, will expand the company’s range of inspection roles in deeper platform work, around buoys, artificial reefs and for cleaning and diver support.
Deepwater Horizon Spill Causes Fish Abnormalities
The National Oceanic and Atmospheric Administration (NOAA) reported that results to a new study conducted by a team of NOAA and academic scientists suggest that crude oil from the 2010 Deepwater Horizon disaster causes severe defects in the developing hearts of bluefin and yellowfin tunas. The findings, published in the Proceedings of the National Academy of Sciences on the 25th anniversary of the Exxon Valdez oil spill, show how the largest marine oil spill in United States history may have affected tunas and other species that spawned in oiled offshore habitats in the northern Gulf of Mexico.
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
