Hansson ups Nordic American Offshore stake

Hansson ups Nordic American Offshore stake

Putting his money where his mouth is Herbjorn Hansson has upped his holding in Nordic American Offshore (NAO) on the back of what he describes as an improved market for spot rates for PSVs in recent weeks. Hansson, who is chairman of both NAO and Nordic American Tankers (NAT), has bought about $500,000 worth of stock in NAO recently. NAT’s stake in NAO now stands at 26%, up from 19% last month.

PSV rates have hovered around $5,000 per day, Hansson noted. “There are fewer PSVs available right now because many of them have been laid-up given the market. Our modern and efficient ships have been operating all the time in this market,” the Norwegian national said in a release.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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