Distress money is cutting its losses and leaving shipping to long-term investors interested in more stable returns — at least that is the hope of some owners.
Multi-sector investor Graham Porter of Tiger Group Investments, who is among owners predicting a “changing of the tides” this year (see Predictions for 2015, page 18) points to specific transactions and offers to make the case that opportunistic investors hoping for depressed prices and a quick flip have missed the boat.
