Songa Bulk continues to inch towards a full Oslo listing with a promotion to the Oslo Axess.

Arne Blystad-backed Songa Bulk launched via a $74m private placement last November and initially traded on the Oslo over-the-counter market.

It moved to the Merkur Market, which is the Norwegian equivalent of London’s AIM market, late last year and raised a further $100m from investors in February 2017.