
The financially strong equity funds that entered the shipping industry in large numbers after the financial crisis in 2008 with massive investments are now increasingly trying to get out of the industry, which has proven to be more capital-intense and volatile than many of the funds originally expected.
At least five carriers partially owned by equity funds are currently preparing IPOs, even though it is unsure whether the carriers will be able to price the shares at profitable levels, according to Reuters.
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