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Press release from Nordic American Tankers (NYSE:NAT): Nordic American Offshore (NYSE:NAO) - Improved Market Conditions.

NORDIC AMERICAN TANKERS (NAT)  More Company Research Source: GlobeNewswire
Last nordic american tankers earnings: 2/12 07:17 am Check Earnings Report
US:NYSE Investor Relations: nat.bm/investor-relations
PDF Hamilton, Bermuda, August 21, 2017 For the interest it may have, below is a press release from Nordic American Offshore Ltd. that was announced today. NAT owns 22.6% of the common shares of NAO. ------------------------------------- Nordic American Offshore Ltd. (NYSE:NAO) - Improved Market Conditions. Hamilton, Bermuda, August 21, 2017 Dear Shareholder, In beginning of July this year, we secured a medium term employment for one of our vessels, i.e. seven months firm + three months options at a rate of $7,200 per day. Thereafter, we have concluded 15 new fixtures in July with rates in the range of $7,200 - $21,000 per day. So far in August, we have concluded eight new fixtures between $8,700 and $30,000 per day. The UK Platform Supply Vessel (PSV) market is currently stronger than the market on the Norwegian Continental Shelf. We have all our seven operating vessels in the UK sector of the North Sea. Three ships are in lay-up and ready to be reactiv [Read more]

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