ShippingWatch

More equity Funds to exit shipping in 2015 and 2016

The numerous private investors who entered shipping after the financial crisis of 2008, are now increasingly trying to pull out of the industry. The equity funds' exit will accelerate in 2015 and 2016, investment bank Jefferies tells Reuters.

Photo: Colourbox

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.

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