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.

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.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Argentine port workers strike for access to Covid-19 vaccines

Nine unions representing Argentine port workers have announced a 24-hour strike in protest against the lack of access to coronavirus vaccines. The strike takes place amidst a new coronavirus outbreak in the country, which is a major dry bulk exporter.

Tradelens hopeful that major Maersk rivals will soon be integrated

Hapag-Lloyd and ONE continues to be absent on the digital platform Tradelens even though they announced they would join two years ago. "We are hopeful that they will be joining very soon," says Head of Tradelens Mike White. Hapag-Lloyd expects to make a decision soon.

Further reading

Related articles

Latest news

See all jobs