The crisis could postpone equity funds' exit from shipping
The depressing developments in the freight markets are far from what the private equity funds were expecting when they entered shipping, and the question now is how they will get out again, says New York-based investment consultant.
BY OLE ANDERSEN
International private equity funds that bought their way into carriers and other shipping-related businesses during the financial crisis expecting that the industry cycle had bottomed out could end up waiting longer than originally planned to get out again and thus realize their potential gains from shipping investments.
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