Herbjorn Hansson’s Nordic American Offshore has run up another big loss in the second quarter, bleeding a further $10.1m or $0.16 per share.

The deficit was nearly 50% higher than in the corresponding period of 2017, when NAO lost $6.7m or $0.11 per share.

There was no indication of a quarterly dividend, something that has been a feature of NAO’s model previously and a trademark of its parent, suezmax owner Nordic American Tankers.