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Private-equity funds snap up shipping debt

US$5b moved last year; firms may end up owning vessels
Wednesday, February 19, 2014 - 06:00

[NEW YORK] Private-equity and hedge funds are accumulating shipping debt at the fastest pace since they began buying the risky loans from banks two years ago, raising prospects of the firms eventually owning the vessels. About US$5 billion in shipping loans has changed hands in the past year,

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