DnB Nor, Jefferies Score Huge Success for Kvaerner Philadelphia

When DnB NOR and Jefferies were mandated to raise $75 million in equity so that Kvaerner could place its two orphaned US flag newbuildings OceanBlue, a Kvaerner sponsored enterprise, to compete with Matson, we held our breath. And then we wrote an article entitled: “Will Hawaii Become the Next Puerto Rico?” referring to the fact that a price war might erupt with the addition of another player in what is already a fragile market

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