Dubai-headquartered Tomini Shipping, currently in the midst of a significant fleet expansion programme, has been approved and registered for listing at the Norwegian Over the Counter (NOTC) market. NOTC is an unregulated marketplace owned and managed by the Oslo Stock Exchange.
Describing the listing as “an exciting milestone,” Nitin Mehta, chief executive officer, says, “We believe that the broader exposure afforded by the NOTC will raise our visibility within the investment community and generate exposure of Tomini Shipping among institutional investors. We will also continue to look for new investment and acquisition opportunities that fit the company’s existing business platform.”
Tomini currently has a fleet of 12 Ultramax dry bulk carriers on the water, in addition to three Kamsarmax new buildings which are under construction at Taizhou Kouan in China, with delivery scheduled for later on in 2020 and 2021.