NAT Adds First of Two Suezmaxes

first_imgzoom Nordic American Tankers Limited (NAT) has taken delivery of the first of two 2010-built Suezmaxes bought from an unnamed party back in July for USD 122 million. The first tanker has been renamed Nordic Light. The delivery of its sister ship is expected to take place during October.Following the delivery of the second tanker, NAT will have a fleet of 26 Suezmax vessels including two newbuildings to be delivered in August 2016 and in early 2017.”By adding two more ships, we increase the dividend capacity and earnings potential. We believe that our strong balance sheet, the dividend policy, well defined and transparent operating model provide NAT with a solid competitive position,” NAT said in a purchase announcement back in July.last_img

Heavy rain hits flights Mumbai on red alert

first_imgMumbai: Flight operations were severely hit due to heavy rain and poor visibility at the Mumbai airport on Monday, while the city and the coastal Konkan region were put on ‘red alert’. A Mumbai International Airport Ltd. spokesperson said that on account of fluctuating visibility issues, there were no flight movements for at least 20 minutes till 9.31 a.m. Alhough there were no cancellations, at least three flights were diverted to other airports, five go-arounds and delays of 30-45 minutes. Also Read – IAF Day: Tributes paid to soldiers killed in line of duty in Jammu In a special bulletin, the IMD here has placed Mumbai and north-Konkan on ‘red alert’ for extremely heavy to very heavy rains over the next 24 hours. Raigad, Thane and Palghar will have similar weather conditions on Tuesday, while Mumbai will experience heavy downpour on Mondayy, and Ratnagiri and Sindhudurg will witness heavy to very heavy rain till Friday. In a different rain-related incident, eight persons were hurt when a ground-plus one floor tenement crashed in Shivaji Nagar. Also Read – Pak activated 20 terror camps, 20 launch pads along LoC While three women are admitted to Rajawadi Hospital, five others were already treated. While road traffic was affected with snarls at various locations, suburban trains were working normally. Waterlogging was reported in various parts of the city and the adjoining Navi Mumbai suburbs with scores of vehicles stranded, people struggling to move around in knee-to-waist deep waters. The IMD has warned fishermen not to venture into the Arabian Sea which will be very rough with high waves and wind speeds touching 40-50 kmph till Friday.last_img read more