The reopening of capital markets is good news not only for shipowners, but also investment banks that are underwriting a new wave of equity offerings.
It is no longer a matter of follow-on offerings by a select group of favoured public owners. The market for initial public offerings (IPOs) is open again in New York, at least for some.
Meanwhile in Oslo, the climate for private placements on the over-the-counter (OTC) exchange has moved from hot to scalding of late, with some business migrating to the stock exchange there as well.
It
