Asian private equity moves into shipping with Nordic rescue deal

PAG’s rescue of Copenhagen-listed Nordic Shipholding marks the first major step into the shipping industry by an Asian private-equity investor.

While the Nordic deal with PAG breaks new ground for Asian private finance in shipping, it is too early to tell whether it will be the start of a growing trend, experts say.

Joachim Skorge, the Singapore-based regional head of investment banking for DNB Bank, which acted exclusively as advisor to PAG on the deal, told TradeWinds that, so far, US and European private equity remain the dominant players when it comes to shipping investments.

“We