Nordic American Offshore on Monday announced that it has entered into firm agreements to purchase two new Platform Supply Vessels (PSVs) from Vard, which will increase the company’s fleet of modern PSVs to a total 10 vessels.

Nordic American Offshore has announced plans to raise more than $100 million through its IPO that will help fund the purchase of at least two new platform supply vessels at VARD.

After less than 8 years as a shipbroker at RS Platou, Tor-Øyvind Bjørkli has been chosen to take over as CEO of platform supply vessel operator, Nordic American Offshore (NAO). Tor-Øyvind will be working...

Update: NAT has announced an option for a 7th vessel will be included as part of this fleet growth plan.  The price for the 7th vessel will be $45 million,...