Triton on Nordic Tankers: Things take time

Herning Shipping and Nordic Tankers have not been a good investment for Swedish Triton, as the equity fund has once again been forced to inject capital into the carriers. "Things take time," the fund's chairman tells ShippingWatch.

Things take time, says Terje Askvig, chairman of the Nordic Tankers board of directors and industrial advisor at Triton, in a comment to ShippingWatch after the equity fund has once again been forced to inject fresh capital into its shipping investment Herning Shipping and Nordic Tankers. And it could be years before the investment proves its worth, at least from the looks of it at this point, approximately three years after the fund acquired the carriers.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

CMA CGM expects sharp decline in freight rates

The outlook for the container market looks somewhat more gloomy in the coming time, estimates French CMA CGM. However, the container shipping company still recorded growth on top and bottom lines in third quarter.

Further reading

Related articles

Latest news

See all jobs