Wilbur Ross lines up maritime stocks as one of his favorite distressed sectors, as he forecasts...

|By:, SA News Editor

Wilbur Ross lines up maritime stocks as one of his favorite distressed sectors, as he forecasts a large number of in-court and out-of-court restructurings to take hold. Though the shipping industry is ripe with bankruptcies and high debt-to-equity ratios, Ross says he will follow-up a $62.5M investment in privately-held Navigator Holdings with other equity purchases in the industry.