That was followed by secondary offerings and later by bonds, while the Norwegian over-the-counter (OTC) market most saw as a stepping stone to listing in the US. There have been KG (limited partnership) companies in Germany and KS (limited partnership) companies in Norway.

Then private equity plunged into the fray, pumping huge amounts of money into the industry and often into newbuilding projects considered by traditional owners to be a dangerous threat to the supply side of the market.

Today,