Nordic American Offshore has penned a one-year contract for one of its platform supply vehicles.
The 4,200-dwt NAO Power (built 2013) will operate in the North Sea for an unnamed "first class" company at an undisclosed rate, the reeling Herbjorn Hansson-led company said Wednesday.
Per the New York-traded company's third quarter report, nine of Nordic American Offshore's 10 vessels were working.
In late November, the company called off its merger with Canadian Horizon Maritime, raising questions about where the company would look for much-needed liquidity.
At the end of the third quarter, the company had just $6.6m in cash, with $135m in debt and an operating loss of $6m and has not posted a profit in at least two years.