“If you look at the latest edition of TradeWinds, $300m to $400m dollars has flowed into the hands of the managements of public companies — imagine a bit more because they don’t talk about private equity”, Philip Embiricos, former president of BIMCO, told a Mare Forum conference in Athens.
“We have competition to traditional shipowners of people who really think in a totally different way — things will crack at some point,” Embiricos, a member of one of Greece’s historic shipping families said, expressing dismay at the way flotations of public companies are often conducted and ship orders are placed.
“[They
