Local authorities in Oslo are preparing to auction disputed minority shares in Arne Blystad-controlled Offshore Heavy Transport (OHT) after seven years in suspense, sources tell TradeWinds.
Bergen-based shipowner Spar Shipping, which has the OHT shareholding of China's HNA Group under legal arrest, set the auction process in motion in late 2018. Now Norwegian court officials will be in charge of selecting a third-party administrator to find a buyer for the shares.
