Graham Porter is plotting a new ship finance venture, this time in traditional lending rather than the financial leasing for which he and his Tiger Group are best known.
The plans follow immediately after Porter's departure from containership owner Seaspan Corp, where he served as a board member and an exclusive ship finance consultant.
"Ship finance has been my core competency, and in this market the risk-reward balance is better for ship finance than shipowning," said Porter, who owns about 70 ships in whole or in part through Shanghai's Greathorse Shipping and other private vehicles.
