Crude is no longer a dirty word to investors in capital-markets deals, with roughly $1bn in equity and debt raised over the past few weeks as convincing evidence.
Just within March, investors have supported the following deals:
Navig8’s raise of $245m last week on the Oslo over-the-counter (OTC) market to support the acquisition of six more VLCC newbuildings for delivery in 2015 and 2016.
Tankers