As Viktor Baranskiy tells it, the Ukrainian shipowner started Vista Shipping at the age of 23 in a leaky, subterranean apartment in Odessa and a suitcase of cash — roughly $1m — on loan from his mother.

Now, more than five years later, he presides over a fleet of 10 capesize bulkers, two tankers and seven coastal vessels, not to mention a contingent of tugs, barges, transhipment vessels and chartered-in units.

However,