The breeze filled in and the boats took off on the third day of racing in the Extreme Sailing Series Hamburg but Oman Air stayed doggedly at the top of the leaderboard after fending off a dynamic challenge from rivals Alinghi in a contest that is set to go down to the wire.
(Friday 29th July, Puerto Portals) – While Quantum Racing wrapped up their third regatta title of the 52 SUPER SERIES season with a race to spare on the Bay of Palma, winning 2016 Puerto Portals Sailing Week, Vladimir Liubomirov’s Bronenosec completed a notable comeback after a disappointing ninth at the Audi Settimana delle Bocche. A nailbiting finish to the final race when they pipped Provezza on the finish line by the length of their bowsprit, gave Bronenosec second overall on a tie-break with Azzurra.
VIDEO: LCS 4 executes live fire test of Harpoon missile
July 29, 2016 —NAVSEA (Naval Sea Systems Command) says the test event validated the operation of the Harpoon missile onboard a littoral combat ship and provided the necessary engineering data to support future ship upgrades.
(Thursday 28th July, Puerto Portals) – Quantum Racing stand on the threshold of their third regatta win of the 52 SUPER SERIES season after sailing to their fourth win of the 2016 Puerto Portals Sailing Week regatta today. They matched a third place to that victory – their third in a row – and so lead Azzurra by nine points into the final day.
Last year’s wild and gusty winds gave way to light simmering airs in Hamburg today but the Oman Sail squad onboard Oman Air were quick to master the conditions to take maximum points from the two races completed and go top of the overall Extreme Sailing Series Hamburg leaderboard.
Damen eyes oil and gas decommissioning market
July 28, 2016 —Damen Shipyards Group has announced its latest concept design: the Damen Decommissioning Series. The vessel will specialize in three core areas of the oil and gas decommissioning sector: topside decommissioning, offshore platform removal, and subsea cleaning
Hamilton, Bermuda, July 28, 2016
THE SECOND QUARTER OF 2016 SHOWS SOLID RESULTS. THE RECENT DELIVERIES OF FOUR JAPANESE-BUILT SECOND HAND SHIPS (COSTING $106M) AND THE PURCHASE OF TWO NEW VESSELS FROM KOREA ($64M CASH DELIVERY PAYMENT IN TOTAL FOR BOTH) TO BE DELIVERED IN THE NEXT SIX MONTHS ARE BEING FINANCED FROM OUR OWN RESOURCES, WITHOUT RAISING NEW EQUITY. THE MAKING OF THIS CASH PAYMENT IN TOTAL OF $170M, WHICH BRINGS THE FLEET TO 30 VESSELS AND ENHANCES OUR EARNINGS POTENTIAL SIGNIFICANTLY, GUIDED US IN SETTING THE DIVIDEND FOR 2Q2016. THE TANKER MARKET IS VOLATILE. A HIGHER DEMAND FOR TANKERS SHOULD RESULT IN HIGHER DIVIDENDS. WE BELIEVE THAT IN THE PRESENT CIRCUMSTANCES THE STRATEGY OF DEPLOYING OUR CASH BOTH TO PAY DIVIDEND AND TO BUY SHIPS AND THEREBY INCREASE OUR DIVIDEND CAPACITY IS IN THE BEST INTERESTS OF THE NAT SHAREHOLDERS. GOING FORWARD, COMPETITIVE DIVIDEND PAYMENTS, A STRONG BALANCE SHEET AND A HIGH LIQUIDITY IN THE STOCK, COMPARED WITH OUR COMPETITORS, CONTINUE TO BE PRIORITIZED OBJECTIVES FOR NAT.
In view of the above, the Board of Nordic American Tankers Limited has declared a cash dividend of $0.25 per share to shareholders of record August 17, 2016. The dividend is expected to be paid on or about August 31, 2016.
The 2Q2016 earnings report is expected to be released Monday August 8, 2016 before NYSE opening.