Search results for: Nordic American Offshore

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  • 26 September 2016
    Business & Finance

    Offshore shipping company Nordic American Offshore (NAO) has decided to change its corporate domicile by moving it from the Republic of the Marshall Islands to Bermuda. The offshore support vessel owner said on Monday that the change would be effective from September 27 and that the company’s common shares will start trading under a new CUSIP number […]

  • 10 August 2016
    Business & Finance

    Offshore shipping company Nordic American Offshore (NAO) has named Carl Fredrik Grosland as vice president of NAO and NAT (Nordic American Tankers). The company said on Wednesday that the newly appointed Grosland will be directly reporting to chairman Herbjørn Hansson. NAO stated that Grosland has 12 years of international banking experience as an analyst and broker, […]

  • 11 April 2019
    Business & Finance

    Offshore support vessel company Nordic American Offshore (NAO) has expanded its fleet with thirteen vessels previously owned by Scorpio Offshore.

  • 1 November 2013
    Business & Finance

    Nordic American Tankers (NAT) announced today that it is coordinating the establishment of Nordic American Offshore Ltd. (NAO), a new company that plans to purchase, on certain conditions, six platform supply vessels (PSVs). These ships were built in 2012 and 2013 by the Ulstein Group in Norway. The strategy of NAO is expected to be […]

  • 27 March 2014

     Tor-Øyvind Bjørkli (42) will join Nordic American Offshore as CEO, effective April 1, 2014. 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 Tankers is the manager of the recently established Nordic American Offshore […]

  • 13 September 2017
    Business & Finance

    The newly appointed chief financial officer (CFO) of offshore shipping company Nordic American Offshore (NAO) will join the company on October 16, 2017. The company named Bjorn Giaever as the new CFO on September 1, 2017. Apart from Nordic American Offshore, Giaever will also take the CFO role in Bermuda-based tanker owner Nordic American Tankers (NAT). […]

  • 23 August 2017
    Equipment

    Nordic American Offshore, an offshore vessel owner, is seeing signs of improvement in the platform supply vessel market conditions, and the company hopes that going forward the dayrates will grow further. Herbjørn Hansson, Executive Chairman of NAO said this week the company had in July secured a medium term employment for one of its vessels, […]

  • 6 June 2017

    Offshore shipping company Nordic American Offshore (NAO) has corrected non-compliances regarding a notice from the New York Stock Exchange (NYSE). NAO said on Tuesday that it had received notice from the New York Stock Exchange, dated May 8, that the company was not in compliance with the NYSE’s continued listing standards. At the time, the […]

  • 5 September 2014

    Nordic American Offshore Ltd (NAO) has entered into two new contracts with a major oil-company in the UK for one year with a one year option. This will secure employment for two of the company’s vessels up to the end of 2015. NAO has been in operation since the end of 2013.   Nordic American Offshore in […]

  • 16 April 2015
    Business & Finance

    Nordic American Offshore Ltd. (NAO), an offshore shipping company, has agreed with the Norwegian based Vard Aukra shipyard to extend the delivery of two Platform Supply Vessel (PSV) newbuildings.  Vard and NAO signed the deal for the delivery of two PSVs in June 2014. The vessels were originally scheduled to be delivered in mid-2015. The […]

  • 3 August 2017
    Business & Finance

    Offshore vessel owner Nordic American Offshore (NAO) has seen an improvement in the platform supply vessel (PSV) market as it posted a smaller loss for the second quarter 2017.  The company has ten PSVs built in Norway in the period 2012-2016. Seven of its ten vessels are in operation. NAO said in its second quarter […]

  • 27 March 2014
    Business & Finance

    Nordic American Offshore announced today that Tor-Øyvind Bjørkli (42) will join the company as CEO, effective April 1, 2014. He will be working from the Oslo office on the same premises as Orion Tankers; the chartering department of Nordic American Tankers Limited (NAT). A subsidiary of Nordic American Tankers is the manager of the recently […]

  • 28 November 2013
    Business & Finance

    In a press release November 1 2013, the investor market was informed that NAT was coordinating the establishment of Nordic American Offshore Ltd. (“NAO”). NAO, an offshore supply ship company, has now been established and NAT is its largest shareholder (26%) with an investment of $65 mill. NAO has agreed to buy six platform supply […]

  • 10 February 2014

    Nordic American Offshore Ltd. (NAO) has decided to buy two more platform supply vessels (PSVs) from Ulstein, increasing its fleet to eight vessels of the same type. Nordic American Offshore Ltd., a subsidiary of Nordic American Tankers Limited (NAT), currently has six platform supply vessels operating in the demanding North Sea market. The PSVs are highly […]

  • 23 June 2014
    Equipment

    Contracts for construction of two offshore supply vessels by Vard for Nordic American offshore become effective.

  • 17 March 2015

    Nordic American Offshore (NAO), an offshore shipping company, has informed that although the market for the company’s platform supply vessels is turbulent, five vessels in NAO’s eight vessel fleet are currently employed on contracts, up from three last quarter. “The decline in oil price has led to reductions in exploration activity in the North Sea, in […]

  • 12 December 2018
    Business & Finance

    Scorpio Group, owned and controlled by the Lolli-Ghetti family, has taken control of Nordic American Offshore.

  • 12 June 2014
    Business & Finance

    Nordic American Offshore Ltd. (NAO) has announced that it has priced its initial public offering of 5,882,352 common shares at $16.00 per share. NAO has granted the underwriters a 30-day option to purchase up to 882,352 additional common shares to cover over-allotments. The company’s common shares are expected to commence trading on June 12, 2014 on […]

  • 10 February 2014
    Business & Finance

    Nordic American Offshore Ltd., which is sponsored by Nordic American Tankers Limited (NAT) and is managed by a subsidiary of NAT, currently has six platform supply vessels operating in the demanding North Sea market. PSVs are highly sophisticated vessels, representing the latest in design and technology, and they play an integral role in the logistical […]

  • 2 June 2014
    Business & Finance

    Vard Holdings Limited has entered into a Letter of Intent (“LOI”) with Nordic American Offshore Ltd. for the design and construction of two Platform Supply Vessels (“PSV”), and an option for a third vessel. The vessels are of VARD 1 08 design, developed by Vard Design in Alesund, Norway. The hulls of the vessels will be built at Vard […]

  • 2 June 2014
    Business & Finance

    Nordic American Offshore Ltd. announced today the start of its initial public offering of 5,882,352 common shares. Since November 2013, NAO has been listed on the Norwegian OTC (over the counter) market.   The offering price is expected to be between $16.00 and $18.00 per share. The Company expects to grant the underwriters a 30-day option […]

  • 5 April 2017
    Business & Finance

    Offshore shipping company Nordic American Offshore (NAO) has informed that Tor-Øyvind Bjørkli has tendered his resignation as managing director.  NAO said on Monday that Tor-Øyvind Bjørkli would most likely resign from the managing director position in mid-2017. Bjørkli joined NAO as the CEO in 2014 after the company was listed on the New York Stock […]