The $8bn raised by listed shipping companies in 2013 andthe potential $12bn private equity presence in the industry lack the scale tobe a problem, the Jefferies head of investment banking told Marine Money inLondon.

Pribor said: "Typical shipping. Things finally getbetter and we have to find something to worry about."

He added: "Eight billion from the capital marketsand $10bn to $12bn from private equity is not the kind of money that is goingto wreck shipping.

"I