Wilbur Ross has shipping at the top of his shopping list, as he sees value in the sector’s disconnect between asset values and stock prices.
But the billionaire investor told Bloomberg TV that there are still question marks hanging over the industry, particularly when it comes to world trade.
“We’re in marine transport in a very big way and it’s gotten to the point that even though the market value of the vessels is depressed, the stocks is trading at big discounts from distressed vessel values,” he said in the interview.
That
