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We have prepared this bulletin for our clients and colleagues in the Norwegian ship finance and shipping capital markets space. Norway continues to be of importance to our transaction-focused corporate practice, a foundation of which is our extensive relationships with Norwegian law firms, defence clubs, corporates and financial institutions. We are committed to supporting and sustaining these relationships through the distribution of this bulletin and regular visits to Norway.
2016 was another challenging year for new financings and equity raises in the shipping sector. Accessing the equity capital markets – especially in the shipping area – remains challenging. Despite the relatively positive performance of the Oslo Børs, only one new IPO featured in 2016. This reflected the global trend where new IPO issuers (-16%) and capital raised (-33%) declined significantly, compared to 2015. Our clients have instead focused on alternatives, including debt restructuring and private placements.
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Norway Practice Bulletin – 2017