Tropical Storm Nana, the 14 named storm of the 2008 Atlantic Hurricane Season, formed on Sunday in the Atlantic Ocean, to the east of the Caribbean islands, warns the U.S. National Hurricane Center.

According to the warning, the storm is not likely to last for a significant amount of time. Neither is it likely to hit the Caribbean islands or the U.S. mainland at it has curved to the west-northwest into open water, traveling at 7 mph.

As of 5 p.m. EDT (2100 GMT) Nana was spotted 925 miles west off of the Cape Verde Islands, at latitude 16.4 north, longitude 37.9 west. Tropical storm force winds fan out up to 85 miles from the storm’s center. It sports top sustained winds of 40 mph but higher gusts have formed.

Estimated minimum central pressure is 1005 mb or 29.68 inches. However, according to the Miami-based National Hurricane Center, the storm is expected to weaken to a tropical depression by late Sunday or early Monday, and then most likely die out soon.

This year’s hurricane season, lasting six months from June 1 to November 30, has been quite active, although has been entering a slowdown of late. Fourteen tropical storms have formed so far, and six of them went on to become hurricanes. Their effects have been deadly and damaging, as more than 800 Haitian people have been killed in the ensuing floods as the Caribbean nation suffered the harrowing effects of hurricanes Fay, Gustav, Hanna and Ike all in the space of one month.

Update: According to forecasters, Tropical Depression Odile also dwindled down to a remnant late on Sunday. Odile’s center had been located about 20 miles SW of Manzanillo, Mexico, and the whole system was moving NW at 3 mph, with top sustained winds of 30 mph, and like Nana, was expected to dissipate over the next one or two days.