Nordic American Offshore Bags PSV Contract

Bermuda-headquartered Nordic American Offshore (NAO) (NAO) has been awarded a two-year fixed contract for the Platform Supply Vessel (PSV) built in 2015, 'NAO Viking'.

Commencement will be about mid-December 2018. The contract also grants the customer two one-year optional periods after the initial firm period, said a press release from the owner and operator of platform supply vessels in the North Sea

'NAO Viking' will be operating primarily in the North Sea for a first class company.  This contract has been concluded with one of the Company's regular customers.

The contract is securing steady employment and contribution for 'NAO Viking'.

Two days ago, NYSE-listed offshore support vessel owner Scorpio Group took control of NAO, via a private placement into company’s shares worth $5 million.