New Nordic shipping bank postponed to the fall

The new shipping bank Maritime & Merchant will be launched in the fall, CEO Halvor Sveen tells ShippingWatch. Three US-based funds look set to invest significant amounts.

BY OLE ANDERSEN

The establishment of a new Nordic shipping bank - Maritime & Merchant with headquarters in Oslo, whose investors and co-founders include German shipowner Henning Oldendorff and Norwegian Arne Blystad - is taking longer than expected.

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Halvor Sveen is chief executive of Oslo-based shipping bank Maritime & Merchant. | Foto: Marine Money/Oscar May

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