NAO, Vard Push Back PSV Deliveries
Nordic American Offshore Ltd. (NAO) informs that it has agreed with the Norwegian based Vard Aukra shipyard to extend the delivery of two platform supply vessel (PSV) newbuildings, originally scheduled to be delivered in mid-2015. Under the new agreement, the ships are scheduled to be delivered during the first quarter of 2016 when NAO will take ownership.
Hansson Sees Positive Outlook for NAO
Nordic American Offshore Ltd. (NAO) executive chairman, Herbjørn Hansson, has increased his ownership in the company, purchasing an additional 50,000 NAO shares with his son, Alexander, yesterday at about $7.83 per share. In a letter to NAO shareholders, Hansson shared thoughts on the progress…
NAO Announces Financials, Declares Dividend
Nordic American Offshore Ltd. has declared a dividend of $0.45 per share for 3Q2014, as previously announced. This is the same dividend as for the previous two quarters. The record date is November 7, 2014 and the payment of dividend is expected to take place on or about November 21, 2014.
NAO Publishes QQ Dividend & Earnings Report
Nordic American Offshore Ltd. (NAO) announced that it has declared its first dividend, $0.45 per share for 1Q2014. The record date is June 17, 2014 and the payment of dividend is expected to take place on or about June 30, 2014. For 1Q2014 the Company had earnings per share of $0.10, and a positive operating cash flowi of $6.5 million.
Nordic American Offshore Appoints CEO
Nordic American Offshore Ltd. (NAO) announced that Tor-Øyvind Bjørkli will join the company as chief executive officer (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).
