NAO listed on the New York Stock Exchange (NYSE) in June this year and has been in operation for less than a year. Once it takes delivery of four newbuild PSVs in 2015 it will have a fleet of 10 vessels.
In a letter to shareholders Herbjørn Hansson, chairman of NAO said it was in an “excellent position” to grow its fleet.
“We are actively looking for acquisition opportunities that fit in with our high-specification fleet. I am hopeful that NAO will grow significantly in the coming years while generating strong total returns,” Hansson said.
NAO reported a second quarter profit of $4.1m.
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