Eyebrows have been raised at the emergence of a new platform supply vessel company that is co-owned by one of Norway’s best-known offshore shipbrokers.

The new outlfit, Cold Water Shipping, is owned equally by Westshore Shipbrokers, Cyprus-based Vivamare Shipping and Tord Ytterdahl, Viking Supply Ships’ former chief commercial officer and deputy chief executive.

Cold Water is in the pre-sound phase of fundraising with potential investors, in which it hopes to secure NOK 675m ($77.2m)