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    Atlantic ends management agreement with NAO

    News // March 25, 2014

    Atlantic Offshore has confirmed that it has terminated its management agreement with Nordic American Offshore (NAO).

    "Atlantic Offshore will take delivery of four new vessels in the next four months, and we want to focus our resources on managing these vessels," said the company.

    "In addition, we want to avoid conflicts of interest in the future, as both Atlantic Offshore and NAO bid on the same contracts, and both companies plan to expand within the PSV segment."


     

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