Equity funds could make big money on shipping

Private equity and hedge funds are expected to keep taking on large-scale shipping loans from big banks in 2014, and at solid discounts, according to several financial consultants.
BY OLE ANDERSEN

Several major banks have sold off their shipping loans to equity funds during the last months of 2013, often at 15-20 percent discounts, and this development will continue in 2014, financial consultants estimate. And with a stabilization or increase of ship values the equity funds with strong capital backing - and as opposed to many banks - could do solid business, as some hedge funds have already done this year.

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