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NAO, Vard Push Back PSV Deliveries

April 16, 2015

Nordic American Offshore Ltd. (NAO) informs that it has agreed with the Norwegian based Vard Aukra shipyard to extend the delivery of two platform supply vessel (PSV) newbuildings, originally scheduled to be delivered in mid-2015.
 
Under the new agreement, the ships are scheduled to be delivered during the first quarter of 2016 when NAO will take ownership.
 
The vessels are fully financed and the manufacturing process is developing satisfactorily, NAO said.

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Wall Street Journal, September 23,
After the Iran conflict, crude oil imports to Asia hit a high in September but remain weak