Tank carrier Nordic American Tankers (NAT), which is based in Bermuda and listed on the New York Stock Exchange, suffered a bigger deficit by the end of 2013 than the carrier expected ahead of publishing its annual report.
In the fourth quarter NAT noted a deficit of USD 22.08 million, which is lower than in 2012, where the company registered a USD 19.24 million deficit. And the deficit for 2013 as a whole also grew, to USD 105.41 million versus USD 73.19 million in 2012, says NAT in its annual report.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
Blackrock becomes major shareholder in Borr Drilling
Multinational asset manager Blackrock now owns 5.67% of Borr Drilling’s shares. The equity purchase is announced the same day as Borr Drilling sells three rigs under construction to strengthen the company’s strained economy.
Coal comeback prompts new trend within dry bulk: "It’s unfortunate for the climate, but it’s necessary right now"
Demand for coal is soaring in Europe due to Russia’s invasion of Ukraine, and the new market supports dry bulk carriers, say the chief execs of Lauritzen Bulkers, Ultrabulk and Golden Ocean to ShippingWatch.
Maersk Broker ready to mobilize within tanker: "Of course, we want to be part of it"
The tanker market has adjusted more rapidly than expected. Maersk Broker therefore wishes to expand business within tanker, requiring a strengthening of the organization, say top executives in an interview with ShippingWatch.
One alternative fuel may be particularly dangerous
In a new study – which Maersk, Shell, Euronav and MSC Ship Management, among others, are behind – the new alternative fuels are ranked based on how dangerous they are. The industry has to be careful with one of them, in particular.
Dan-Bunkering achieves billion-dollar revenue – set to focus on new acquisitions
Dan-Bunkering, part of fuel supplier Bunker Holding, last year saw a significant boost in revenue, with earnings coming in more flat. The bunker company will focus on mergers and acquisitions.
Head of Airfreight 
Senior Sales Manager 
Head of Vessel Operations 
IT Operations & Project Lead 
Safety Leadership & Transformation Manager 
Senior Legal Counsel with a focus on Offshore Renewables 
Crewing officer