Specialised heavy transport and installation contractor OHT started trading on Norway’s Merkur Market on September 28.

Focusing on the offshore wind industry, OHT recently raised NOK542 million (USD58.3 million) through a private placement to finance new semi-submersible wind foundation installation vessels.

Through its wholly owned subsidiaries, the group owns five heavy transport vessels and will take delivery of the newbuild semi-submersible ships at the end of 2021.