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Dockwise listing stock in Norway

Dockwise listing stock in Norway

Heavy-lift shipping company Dockwise said the Oslo stock exchange Thursday approved the company's listing prospectus.

   The company’s 211 million shares will be listed on the Oslo Bors on Oct. 2 under the symbol DOCK. Dockwise said it is considering a private placement and potential issuance of new shares.

   Dockwise recently merged with Sealift, a company founded by tanker company Frontline to convert six Suezmax tankers into heavy-lift ships.

   Today Dockwise has a fleet of 22 vessels — 17 semi-submersible heavy transport vessels five ships that are due to be converted.