Tufton Oceanic Bags Allocean Ships – Mergers & Acquisitions Awards

By Rodricks Wong

As the global financial crisis continues to take its toll across all major shipping sectors, there have been surprisingly few mergers and acquisitions in the market, contrary to what one might expect. The lack of liquidity and funding from the banks could be an obvious reason. Or could it also be that many market participants are still holding on to their belief that asset prices have room to fall further and the worst has yet to come? There has been a lot of talk these days on whether private equity firms will be able to provide

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