Norwegian shipowner J Ludwig Mowinckels Rederi has retained Fearnley Securites to push a $53m private placement aimed at financing its order for up to four suezmaxes at China’s New Times Shipbuilding.
The offering, under the flag of Mowinckel Crude Tankers, indicates the Norwegian owner will take 25% of the equity — or $13.2m — on the deal for two firm orders, with two options set for delivery in 2022.
