Wilbur Ross continues the P-E rush into beaten-down shipping, marketing a $500M fund to buy...

|By:, SA News Editor

Wilbur Ross continues the P-E rush into beaten-down shipping, marketing a $500M fund to buy distressed assets in the sector, reports Bloomberg. Often early, Ross spent $900M buying crude product tankers in 2011. SEA +6.9% YTD.