Another $1bn-plus spending spree by private equity in the newbuilding market suggests that it still has a healthy appetite for fresh yard deals, despite a hike in asset values that was widely expected to signal an end to its interest in shipping.
Although the most recent moves have seen Ample Oceans and Doonbeg secure contracts at competitive levels (see stories this page), they still come nearly a year after values bottomed out and yard prices started to soar.
Broker
