The company's fleet of six operating vessels, entirely deployed in the North Sea UK sector, were fully utilised in the quarter and pulled in $14.6m of net charter revenue.
The results follow the company's successful listing on the New York Stock Exchange in June, with an IPO that raised proceeds of around $100m
NAO has four PSVs on order, a pair each at Vard Aukra in Norway and Ulstein Verft, with deliveries set for 2015.
The company sees a healthy demand for PSVs, including potential for some of its suitable vessels to be deployed in the growing Arctic region.
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited.
Add Seatrade Maritime News to your Google News feed.
