The Norwegian company, which was founded in 2011 to repair and maintain ships and boats, had previously entered into a contract with China’s CIMC Raffles Offshore to build one dynamic positioning semi-submersible rig plus two options.
NSR said the funding for this contract was via equity and mezzanine by CIMC Capital, Pacific Alliance Group and China Development Bank Capital CDBC. Standard Chartered Bank and CIMC Capital had jointly arranged the financing, while Carnegie AS acted as advisors to NSR.
NSR
