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.

BY KATRINE GRØNDVALD RAUN

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.

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