Milan: Forget the traditional sectors, shipping investments today should be in more niche territories. That’s the view of one Italian investor in shipping, Fabrizio Vettosi, the managing director of 2009-founded Venice Shipping and Logistics (VSL).
“I suggest to stay out from traditional segments,” says the veteran shipping investor, maintaining tankers are close to peaking, while dry bulk will remain in the doldrums for the next three to four years. Ropaxes, chemical carriers and LPG carriers are more exciting investment opportunities, Vettosi reckons.
Vettosi expects to see more mergers in sectors where there are opportunities to leverage economies of scale, such as in container shipping and ropaxes.
VSL is now looking to create a debt fund to help fill the financing gap left by the banks.