Arne Fredly sees many shipping companies as "pure fraud"
Norwegian shipping magnate Arne Fredly, who controls Hunter Group, among other businesses, calls it a "sad story" to be an equity investor in the shipping industry. He says that upwards of 80 percent of stock listed shipping companies are "pure fraud".
Norwegian shipping magnate and investor Arne Fredly, who controls companies such as Hunter Group, perceives many stock listed shipping companies as being pure fraud, and it has made it a sad story to be an equity investor in the industry, Fredly says in a podcast with Finansavisen.
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