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Equity funds pump USD 32 billion into shipping

Private equity funds have invested a total of USD 32 billion in shipping over the last two years. A big problem for the carriers, according to Reuters.

Dry bulk vessel from carrier Starbulk, which Oaktree Capital invested in last year. | Photo: Star Bulk
BY LOUISE VOGDRUP-SCHMIDT

The USD 32 billion that equity funds have placed in shipping over the last two years might at first glance sound like a positive thing for the struggling industry. But the money could end up dragging the industry down rather than keeping the industry afloat in the years to come, according to Reuters.

The money has resulted in a massive orderbook, which according to analysts currently hovers at 299 million dwt, set to hit the water from May of this year.

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