Marcel Fournier: Private equity will be investing in shipping by the end of 2009

KKR chief says shipping ‘an attractive sector’ as firms prepare to swoop for undervalued assets

Tony Gray - Wednesday 10 June 2009

“THERE will be unique, absolutely unique, opportunities to invest in assets at values that no one in this room will ever see again in their lifetime.”

This unambiguously enthusiastic view of investment prospects in the shipping industry was expressed by Marcel Fournier, senior managing director at US private equity firm Castle Harlan.
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