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. NAO, which was formed in late 2013 as a spinoff from Nordic American Tankers, says the newbuild vessels will be built at Vard Shipbuilding Group’s yard … [Read more...]
Nordic American Offshore Initiates $100m IPO, Order for New PSVs
Platform supply vessel company 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, which would bring the fledgling offshore suppliers’ fleet to a total of 10 vessels. Bermuda-based NAO announced Monday the commencement of its initial public offering of … [Read more...]
Nordic American Offshore Hires Former RS Platou Shipbroker as CEO
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 from out of the Oslo office on the same premises as Orion Tankers; the chartering department of Nordic American Tankers Limited (NAT). A subsidiary of Nordic American … [Read more...]
Nordic American Tankers Heads Offshore with 6 Ulstein PSVs, Plus an Option for a 7th
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, which reflects the purchase price of the other 6 vessels. Should this option be exercised, the 7th vessel will be delivered in the spring of 2015. Earlier update: Nordic American Tankers (NAT) and the … [Read more...]