Oslo-listed Deep Sea raised $200m from a private placement to secure the 10 platform supply vessels (PSVs) which Fredriksen ordered via his private company Seatankers.

Deep Sea Supply is taking in six of the vessels which are trading and will accept delivery of the four newbuildings from Sinopacific Shipbuilding in China this year.

“Post the recent $200m equity offering and acquisitions of 10 PSVs DESSC has turned itself in a good position to distribute high dividends going forward,” RS Platou Markets analyst Terje Mauer wrote in a report today.

“This