Arne Blystad is set to secure an Oslo over the counter listing for Songa Bulk on Friday, confirming increasing investor appetite for shipping in Norway.

Blystad, with support from Fearnley Securities and Clarksons Platou Securities, is expected to confirm tomorrow morning that it will be the first shipping company in two years to float on Oslo’s junior market.

TradeWinds understands that interest in the offering has been strong, with the $50m lower target passed on Monday.

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