According to U.S. private equity and investment funds, Asia's shipping industry was the finest spot to experience revival. The said units needed recovery from the industry's worst slump in 30 years.
A strong commodity demand progress and slower latest ship distribution would aid in balancing the demand for fleet and cargo. The last time this balance happened was in 2004. Analysts reported that this would upsurge freight rates for the next two years.
South Korea's STX Pan Ocean Co Ltd and Indonesia's Berlian Laju Tanker Tbk PT offered chances for private equities who were in need for improvement. The said corporations were Asian shipping businesses currently going through restructuring.
More than US$3.5 billion was invested in ships and its shipping containers.
"My guess is that unless the public markets open quickly there will be at least twice as much private equity commitment to the industry by the end of 2014," Wilbur Ross stated at a ship finance meeting in New York in June. Ross was a billionaire private equity investor.
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