Smedegaard puzzled by equity funds in shipping

It is very difficult to make money by investing in ships, says Maersk Group CEO Nils Smedegaard Andersen at the Danish Maritime Forum. He wishes the private equity funds good luck.
Photo: Mik Eskestad, Polfoto
Photo: Mik Eskestad, Polfoto
BY LOUISE VOGDRUP-SCHMIDT

Numerous private equity funds have entered the shipping market with considerable appetites in recent years. But why is that? This was the question put by Nils Smedegaard Andersen, CEO of the Maersk Group, to his audience of key industry players at a keynote speech at the Danish Maritime Forum on Wednesday afternoon.

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