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2020 was a dreadful year for raising capital in the shipping sector

A recovery in the shipping market is some ways off, projects investment bank Fearnley Securities. The past year was a dreadful period for raising capital in the sector, and this was due to the pandemic.

Photo: ANGELA WEISS/AFP / AFP

The pandemic is the main reason that the shipping sector was struggling to raise capital in 2020, says Norwegian investment bank Fearnley Securities in a new report. The level is described as disappointing, and Fearnleys does not expect this to improve in 2021.

Across the shipping segments, the bank saw raised capital total EUR 3.9 billion, a drop of 52 percent compared to 2019. Capital raised through bonds and shares was down 63 percent compared to 2017 levels.

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