By Guy Cooper

The last five years have seen several shipping and shipping-related companies incorporate in Bermuda and go on to list on the Oslo Stock Exchange. A key step along the route for a number of them has been the use of the Norwegian over-the-counter market as a fast-track way to access fresh capital.

Avance Gas, Flex LNG, and Borr Drilling all took this route prior to an Oslo listing, whilst GoodBulk and 2020 Bulkers listed on Norway’s OTC just last year, highlighting the enduring appeal of the Bermuda-Oslo nexus.