A run of shipping companies seeking to raise more than $1bn from investors in Oslo and New York has revived memories of the pre-Lehman Brothers world.
Dry cargo and products-tanker offerings are in vogue, with at least four equity issues in the pipeline in the Norwegian capital and a series of follow-on issues taking place in the US.
Sources point to 2007 as the last time shipping was so active in the capital markets, but the jury is out on whether there is enough cash in investors’ pockets to go round.
Western
