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:
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