The Norwegian Saevik family’s plans to list their offshore specialist builder Havyard came to fruition this week under the new ticker HYARD, as president and chief executive Geir Johan Bakke rang the ceremonial bell at the Oslo Bourse.

Per Saevik’s Havila Group, which is the holding company behind offshore owner Havila Shipping, sold down its 82% holding in Havyard to 63.5%,