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.
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.
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