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Wilbur Ross believes private equity in shipping could double

It's realistic to believe that private equity investments in shipping could double by as early as 2014, predicts major global investor Wilbur Ross.

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.

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