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Construction : Transport Update | March 2016 | Source : Infrastructure Today

No deals in shipping, ports for two years

Private equity firms have stayed away from investing in shipping, ports and logistics for two years in a row. ´PEs have stopped coming into the sector and there is no easy money for the shipping business,´ G Shivakumar, CFO, Great Eastern Shipping, said in the third quarter earnings conference call. The company, like its peers, has given a negative outlook for the dry bulk trade division and did not provide valuations for the offshore business.
 
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