We are pleased to bring you the Conyers Norway Bulletin for 2023, in which we highlight developments affecting Bermuda-based companies in the Norwegian market over the past year. .
Market Update
Welcome to Conyers’ 2021 Norway Practice Bulletin. Our annual publication underscores the importance of the Norwegian market to our Bermuda corporate practice.
The 12 months since our last issue have been very different, to say the least, and something of a roller-coaster with second and third waves of Covid-19.
In general, 2020 was an especially difficult year for raising capital in the shipping sector. Across the segments total raised capital dropped 52% on 2019, according to Norwegian investment bank Fearnley Securities.
Nonetheless, Oslo-listed Bermuda companies in the shipping and offshore energy sectors completed some offerings, including:
Stolt-Nielsen’s US$180.5 million bond offering in June 2020