Norwegian investor Oystein Stray Spetalen is to make a move into shipowning with deals for distressed offshore vessels.
He is using his Standard Drilling rig company, which has raised NOK 275m ($32.5m) in a share issue, TradeWinds' sister newspaper Upstream reported.
The company said it would use the cash for oil service investment opportunities, including acquiring stakes in companies or outright asset buys “all purchased at distressed values.”
It
