Norway's Klaveness Combination Carriers (KCC) has moved its Oslo IPO forward with the appointment of advisors.

It said ABG Sundal Collier, Clarksons Platou Securities and SEB Corporate Finance have been retained in connection with the listing.

KCC added: "In connection with the contemplated listing, expected to take place in 2019, the company may raise additional capital in order to fund additional investments in combination carriers."

In January, a general meeting authorised the board to sell new stock worth NOK 20m ($2.34m) in connection with the float.

It also converted to a public limited company and will be inviting new investors to come on board, it said at the time.

Permission was also granted for a separate NOK 6m share issue, with the cash to be used for acquisitions and general financing of its business, as well as a NOK 700,000 sale for employee incentives.

The board can also buy back NOK 4m of stock.

TradeWinds revealed an IPO was being planned on the Oslo Stock Exchange main board by the end of 2019.

It September it completed a $45m private placement to expand its fleet.

But it came up short of a potential target of $70m announced earlier that month.

It has six combination carriers on order in China.