Bermuda: SHI Delivers Suezmax Vessel Nordic Aurora to NAT

Nordic American Tankers yesterday took delivery of the suezmax vessel that the Company agreed to acquire from an unrelated third party in early September this year. The double hull suezmax vessel built at Samsung Heavy Industries, Korea, has been named Nordic Aurora.

Including the delivery of the newbuilding Nordic Zenith from Samsung Heavy Industries in late October 2011, the Company will have a fleet of 20 vessels in operation.

Going forward, NAT is seeking to increase its dividend and earnings capacity through expansion when the time is right to do so. With one of the strongest balance sheets in the industry, the Company will continue the dividend policy based upon its unique operating model.

Source: NAT, September 23, 2011

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Posted on September 23, 2011

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9th Annual Coasts and Marine Structures 2017 Conference

Discover Best Practise Strategies for Design, Planning, Construction and Asset Management

To remain competitive, Australian port operators must plan, design, manage and maintain their assets more creatively and proactively to meet future demands and drive profitability.

With this in mind, the Coast and Marine Structures Summit 2017 will focus on key considerations relevant to ensuring your existing assets are maximised and prepared to accommodate bigger vessels.

Hear from 20+ global experts including Maritime/Coastal Engineers, Contractors, Port Authorities and more, including GHD (USA), Indonesian Port Corporation (Asia), G-Group Consulting (New Zealand), Ausenco (Australia), Port Authority NSW (Australia), to name a few.

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– Innovative planning and design of ports to create efficiencies that drive profit
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– Alternative material and protection techniques trialled and tested in the US and Europe
– Strategies to shift organisational culture and mindset from asset management to asset maintenance
– How you can leverage technology to increase the efficiency of your marine structures
– Case studies on retrofitting, expanding and upgrading your ports in cost-effective ways

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