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Private equity rush is bad news for shipping

Vessel-buying spree may result in glut from 2016: analysts
Monday, May 12, 2014 - 06:00

[SINGAPORE] The shipping industry faces a looming capacity glut as billions of dollars pumped into it by private equity have stoked a vessel-buying spree, threatening its prospects just as the sector is emerging from its worst downturn in three decades.Backed by private equity and hedge fund

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