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Balance Sheet Cash Flow Statement LOM Building, 27 Reid St. Hamilton HM 11, Bermuda Tel. 441-292-7202 Fax 441-292-5962 |
Type: Public
On the web:
http://www.nat.bm
Employees:
3
Employee growth: 0.0%
Not limited to routes between Norway and the US, Nordic American Tanker Shipping transports crude oil and petroleum products worldwide. The company operates a fleet of about a dozen tankers, primarily on the spot market and the other on a long-term contract. Its fleet has an overall capacity of about 1.9 million deadweight tons (DWT). Nordic American's vessels are managed by Scandic American Shipping, a company owned by Nordic American CEO Herbjørn Hansson. Nordic American was formed in 1995 in order to acquire and operate three tankers for BP Shipping.
Key numbers for fiscal year ending December, 2008:
Sales: $228.0M
One year growth: 21.9%
Net income: $118.8M
Income growth: 168.8%
Officers:
Chairman, President and CEO; President, CEO and Director Scandic American Shipping: Herbjørn Hansson
CFO; CFO, Scandic American Shipping: Turid M. Sorensen
EVP Business Development and Legal, Scandic American Shipping: Jan E. Langangen
Competitors:
Frontline
Overseas Shipholding Group
Teekay
