The last five years have seen several shipping and shipping-
related companies incorporate in Bermuda and go on to list on the
Oslo Stock Exchange. A key step along the route for a number of
them has been the use of the Norwegian over-the-counter market as a
fast-track way to access fresh capital. Avance Gas, Flex LNG, and
Borr Drilling all took this route prior to an Oslo listing, whilst
GoodBulk and 2020 Bulkers listed on Norway's OTC just last
year, highlighting the enduring appeal of the Bermuda-Oslo
nexus.
Bermuda Incorporation
Bermuda has long been a jurisdiction of choice for ship owners
and investors in shipowning structures. As an island nation,
shipping is part of Bermuda's heritage and it has a thriving
and respected ship registry — a Category One member of the
prestigious Red Ensign Group — which presently boasts 160
commercial ships grossing over 11 million tonnes.
