The company confirmed long-anticipated plans to take its $1.6bn fleet to the Norwegian capital markets in a move that will make it the third public company on the exchange backed by Andreas Sohmen-Pao.
DNB Markets is the global co-ordinator and joint bookrunner for the initial public offering (IPO). It is working alongside Pareto Securities and Skandinaviska Enskilda Banken (SEB).
According to a report seen by TradeWinds, DNB Markets is forecasting a profit of $77m for the shipowner this year.
