More than $900m worth of shipping equity and steel value are in the balance as the market digests Oaktree Capital Management's new ownership, but initial expectations are a status quo for the affected companies.
That sum represents the combined value of Oaktree’s stock holdings in such listed owners as Star Bulk, Eagle Bulk, Torm, Capital Product Partners and Euronav, plus its share in the fleet value of Oslo over-the-counter trading Navig8 Chemical Tankers.