DNB expects the merger and acquisition business to continue following a busy year of deal-making involving particularly stock-listed shipowners.
DNB Markets advised BW LPG to acquire the $1bn Avance Gas VLGC fleet in August and has arranged several shipping bond issues, including for Navigator Holdings and SFL Corp.
Anders Grevstad, chief executive of DNB UK, said the cash-rich shipowners can do more M&A transactions.
