Its Dutch subsidiary added a second tranche worth NOK 300m ($39.47m) in the Norwegian bond market.

Exmar said the maturity of the debt is July 2017.

It originally sold NOK 700m of the bonds last July.

DNB Markets and Pareto Securities were joint lead managers.

Miguel de Potter, chief financial officer at the shipowner, told TradeWinds that given others were likely to follow Stolt-Nielsen and Ocean Yield to the bond market in Oslo Exmar wanted to be at the top end of the line.

He