New York-listed NAO, which was spun-off from Nordic American Tankers, booked a gain of $2.8m in the period to take its nine-month bottom line to $8.65m.
A dividend of $0.45 per share has been paid by the owner, in which NAT holds a 17.1% slice.
NAO says it retains an appetite for expansion at a time when it sees no seasonal weakness in the PSV market.
“We
