The amount of private equity owned companies in the maritime business has increased significantly in just a few years. Not just in shipping, but in maritime subcontractors as well. In Denmark, this includes shipping companies such as Nordic Tankers and the subconctractor Bladt. But this development can also be see in the global shipping sector, and it will only become stronger this year and next year, according one of the most active shipping investors in recent decades, Wilbur Ross, who has also been involved in transactions with Danish maritime businesses.
According to Financial Times, Wilbur Ross predicts that private equity investments - and thus equity fund ownership in shipping - will most likely have doubled by the end of 2014. The statement came at a conference in New York this week, held by Marine Money, where Wilbur Ross said that this development will help push the traditional "swashbuckling" shipping companies off the stage.
Already a subscriber? Log in.
Read the whole article
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.Start a free company trial today
Your trial for ShippingWatch has now started
With your free trial you get:
Full access to all locked articles on ShippingWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.