For Greek ship finance, the flavour of the month, or, in reality, of the past few years, has been private equity.
Billionaire investor Wilbur Ross reckoned a few months ago that private equity had pumped some $16bn into shipping from 2008 to 2013, two-and-a-half times the amount raised by initial public offerings (IPOs). He said the largest chunk, $5.46bn, was placed in 2013.
