A new way forward for at least some public shipowners starved of growth capital may be showing itself in the sort of link-up now known to have happened between New York-based Scorpio Tankers and Dubai-domiciled private fund firm Legatum in a recent equity raise.
Legatum is not a Fidelity, Neuberger Berman, Prudential or any other of the familiar group of large institutional investors who supported shipowners during the boom cycle of the mid-2000s.
