Attention Investors: Private Equity Loves The Shipping Industry
Benzinga • Today, 9:08 AM
- Private equity funds put $14 billion into the shipping sector in the first half of 2014 and that number could double in the second half.
- When the smart and patient money is buying heavily in a beaten up sector, investors would be wise to pay attention.
- A much stronger economy and a higher scrappage rate of older vessels is needed for shippers to take off and hit new highs.