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Fearnley Securities analyst Espen Landmark Fjermestad (far left) is not expecting a big upturn in capital raising by shipowners this year. Photo: G Morty Ortega

Fearnley Securities blames shipping's 'abysmal' fundraising year on pandemic

Norwegian investment bank does not expect upturn in activity this year, with the next funding wave linked to propulsion developments

4 January 2021 11:47 GMT Updated 4 January 2021 14:01 GMT

By Gary Dixon

in London

Fearnley Securities has bemoaned an "abysmal" year for capital activity in shipping, and it does not foresee any improvement in 2021.

Finance

Fearnley Securities blames shipping's 'abysmal' fundraising year on pandemic