Thursday, April 3, 2014

Investors snap up shipping loans as global economy lifts trade prospects

Posted by My Blog Collection at 9:14 AM

Global private equity firm KKR (Frankfurt: A1C10P - news) has bought $150 million worth of shipping loans from two European banks amid a surge of interest in the industry as world trade in goods picks up along with the global economy. There have been a flurry of deals in recent months for ship finance loans, many of which are being put up for sale by banks under pressure to boost their capital ...



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