Nordic American Offshore reactivates three PSVs

Offshore vessel operator Nordic American Offshore has announced it is activating three vessels from layup as it becomes optimistic for the North Sea market.

Nordic American Offshore owns and operates a fleet of 10 platform supply vessels, which are primarily engaged in the North Sea offshore market. Following the reactivation of the vessels, all of the company’s vessels are active.

“We concentrate on keeping our vessel operating costs low, while always maintaining our strong commitment to safe operations. As we expand our fleet, we do not anticipate that our administrative costs will rise correspondingly,” the company said in a release.

NAO reported an unaudited net loss of $29.32m for the year of 2017, narrowed down from $32.15m in the previous year.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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