From its relatively recent founding in 1988 by chief executive Larry Fink, financial firm BlackRock has rocketed to the top of the asset-management tables with some $6.3trn under management in the first quarter.
It has outpaced longer-tenured rivals such as Fidelity, Vanguard and State Street Global Advisors, with a focus on both fixed income securities and equities.
Not surprisingly, BlackRock has been no stranger to shipping investments, with its recent private bond deal to rescue International Seaways’ six-VLCC acquisition from Euronav just one of many bets.
