ShippingWatch

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

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.

"When I meet finance people, when they talk about investing in vessels – 'we are a private equity fund, want to invest in ships.' We who have been in shipping tend to follow that idea. But then when you get home and you've had a cup of coffee or whatever it is you drink, you start to think and reason...," he says, adding:

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
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
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Price of Maersk's new methanol ships drops

Maersk has just ordered six new methanol-powered container ships and now reveals that the added cost of building green ships compared to conventional ones is decreasing. Economies of scale, says equity analyst.

Esvagt pursues Taiwanese offshore wind

The Danish offshore service operator has located a possible partner on the island as a part of high hopes for the local offshore wind market. If successful, Esvagt could be ready to service wind at sea in the far east in a few years.

Further reading

Related articles

Latest news

See all jobs