Private Equity
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Europe
KKR-led vehicle takes over Premuda loans
Private equity has increased its presence in the Italian shipping industry. Pillarstone Italy, a turnaround fund created jointly by KKR,…
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Europe
Cerberus Capital raises its stake in Team Tankers to over 10%
Cerberus Capital Management has increased its stake in Oslo-listed Team Tankers by a further 1.411% to just over 10% in…
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Americas
Ridgebury to sell tanker fleet
Ridgebury Tankers is to sell its fleet of suezmax, aframaxes and MR product tankers, keeping only its four VLCCs, brokers…
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Asia
Berlian Laju agrees to offload 27 ships
Jakarta: Indonesia’s struggling Berlian Laju Tanker has agreed to transfer 27 of its 39-strong fleet to a new entity controlled…
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Dry Cargo
Valles director takes swipe at private equity
Hong Kong: The director of one of Hong Kong’s oldest shipping lines has lashed out at private equity’s intervention in…
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Finance and Insurance
Wilbur Ross urges greater consolidation
New York: Wilbur Ross, the architect for much of private equity’s shipping plays, used the podium at yesterday’s Capital Link…
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