NAO Says Seven PSVs are Operational

Maritime Activity Reports, Inc.

August 3, 2017

Photo: Nordic American Offshore

Photo: Nordic American Offshore

 Nordic American Offshore (NAO) has ten high-quality Platform Supply Vessels (PSVs) built in Norway in the period 2012-2016. 

"Seven of our ten vessels are in operation. Going into the third quarter, an improvement in the PSV market has taken place.  In a volatile market, the longer it lasts, the better," said a statement from the company.
The basic features of NAO are similar to the business model of the NYSE listed Nordic American Tankers Limited (NAT) which is a strong company, it said.
Nordic American Tankers Limited (NAT) holds 22.6% of NAO common shares and the immediate Hansson family, including the Executive Chairman, holds 10.8% of NAO commons shares.
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