Nordic American Offshore Ltd. Announces Completion of Vessel Acquisition and Sale of Common Shares under Equity Line of Credit

Nordic American Offshore Ltd. Announces Completion of Vessel Acquisition and Sale of Common Shares under Equity Line of Credit

Nordic American Offshore Ltd. (NAO) announced today that it has completed the previously announced acquisition of thirteen vessels from Scorpio Offshore Holdings Inc. for 8,126,219 common shares at $2.7774/ share. In …
Apr 11, 2019 /  Finance
LNG Tanker “Oceanic Breeze” Makes First Call at Naoetsu LNG Terminal, Japan

LNG Tanker “Oceanic Breeze” Makes First Call at Naoetsu LNG Terminal, Japan

INPEX CORPORATION (INPEX) announced today that the LNG Tanker Oceanic Breeze called for the first time at INPEX’s Naoetsu LNG Terminal (the Terminal) located in Joetsu City, Niigata Prefecture, Japan, at …
Feb 12, 2019 /  Vessels
Nordic American Offshore awarded contract for PSV NAO Viking

Nordic American Offshore awarded contract for PSV NAO Viking

Nordic American Offshore Ltd. (NYSE: NAO) has been awarded a two-year fixed contract for the Platform Supply Vessel (PSV) built in 2015, NAO Viking. Caption: Offshore Tug/Supply Ship NAO Viking - Image courtesy …
Dec 13, 2018 /  Vessels
Nordic American Offshore entered into a share purchase agreement with Scorpio Offshore Investments

Nordic American Offshore entered into a share purchase agreement with Scorpio Offshore Investments

Nordic American Offshore Ltd. (NYSE: NAO) announced today that it has entered into a share purchase agreement with Scorpio Offshore Investments Inc., a closely held company owned and controlled by the Lolli-Ghetti …
Dec 12, 2018 /  Finance
Nordic American Offshore awarded contract for PCV NAO Power

Nordic American Offshore awarded contract for PCV NAO Power

Nordic American Offshore Ltd (NAO) has been awarded a one-year fixed contract for the Platform Supply Vessel (PSV) NAO Power (2013). Caption: Offshore Tug/Supply Ship NAO Power - Image courtesy …
Dec 6, 2018 /  Vessels
Nordic American Offshore (NAO): Contemplated business combination with Horizon Maritime of Canada

Nordic American Offshore (NAO): Contemplated business combination with Horizon Maritime of Canada

Nordic American Offshore Ltd (NYSE: NAO) announced on Monday that it has entered into a Memorandum of Understanding (MOU) which contemplates a combination with Canada based Horizon Maritime Services Ltd. Canadian …
Oct 5, 2018 /  Curious
Nordic American Offshore wins first-ever charter outside North Sea

Nordic American Offshore wins first-ever charter outside North Sea

Offshore vessel operator Nordic American Offshore (NAO) has won a contract for one of its platform supply vessels (PSVs). NAO said on Tuesday that the company won a firm contract for close to three months. The name of …
Aug 16, 2018 /  Curious
Danaos Corporation Announces Closing of Comprehensive Debt Refinancing

Danaos Corporation Announces Closing of Comprehensive Debt Refinancing

Danaos Corporation (Danaos) (NYSE: DAC), a leading international owner of containerships, announced Monday the consummation of its previously announced debt refinancing , significantly strengthening the Company's capital …
Aug 14, 2018 /  Finance
Containership MOL Truth Earned 'Ship of the Year 2017'

Containership MOL Truth Earned 'Ship of the Year 2017'

A 20,000TEU Container Ship, One Of The World’s Largest Built in Japan TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL) Friday (Jul13) announced that 20,000 TEU containership, MOL Truth, one of the world's largest …
Jul 17, 2018 /  Vessels
Danaos Corporation Announces Comprehensive Debt Refinancing Agreement

Danaos Corporation Announces Comprehensive Debt Refinancing Agreement

Danaos Corporation (Danaos) (NYSE: DAC) a leading international owner of containerships, announced yesterday that it has reached an agreement with certain of its lenders currently holding approximately $2.2 billion of …
Jun 21, 2018 /  Finance