Aker American Shipping: A Sweetheart Deal for OSG

By Matt McCleery

In a transaction both challenging and smoothly executed, DnB NOR Markets, Enskilda and Fearnley Fonds closed a $125 million private placement for Aker American Shipping ASA (AKAS) in early July. At the same time the Marinakis family Capital Maritime deal was struggling and subsequently withdrawn here in New York, sources in Oslo tell us the AKAS deal, which carries significant risk for investors, priced at

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