Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector recovering from its worst downturn since the 1980s.Ship owners ordered large numbers of vessels between 2007 and 2009, just as the global economy sank into crisis. Prospects have brightened in recent months as world trade picks up and the ship glut is absorbed.The industry still faces a multi-billion dollar financing hole after banks, its traditional source of funding, cut back lending to boost capital in the wake of the financial crisis.Alternative investors such as private equity firms have been snapping up shipping assets including loan portfolios from the banks. Scenting an opportunity, shipping companies are now trying to take advantage of strong equity markets to seek out funds through initial public offerings (IPOs).Avance Gas listed this week in Oslo. Germany's Hapag-Lloyd and Chilean peer Vapores agreed this week to a...
WL Ross & Co. CEO Wilbur Ross on looking to Spain for investment opportunities.
WL Ross & Co. CEO Wilbur Ross on investing in distressed assets.
CenterState Bank Executive V.P. Joe Keating, Hobart Financial Group CEO Chris Hobart, Janney Chief Fixed Income Strategist Guy LeBas and Athena Advisor Services Senior V.P. Dan Stecich on where to invest in this market environment.
Buffalo Growth Fund Portfolio Manager Clay Brethour on the undervalued stocks to boost your portfolio.
Billionaire investor Wilbur Ross on tripling an investment in the Bank of Ireland.
Fairfax Financial and Wilbur Ross received sufficient bids to sell a 6.4 percent stake in Bank of Ireland on Tuesday at a discount of up to 10 percent of Monday's cl...
WL Ross & Co. CEO Wilbur Ross on billionaire Sam Zell’s controversial comments.
For the Covestor TenStocks portfolio , 2013 will remembered as the year of the Aveo Pharmaceuticals ( AVEO ) investment.The S&P 500 Index (SPX) closed 2013 up around...
Billionaire investor Wilbur Ross on the push for higher taxes in many cities and states driving many Americans to states such as Florida.
Claman on Call: FBN’s Lori Rothman with an after-hours web-exclusive on the markets, a potential Sprint bid for T-Mobile, Wilbur Ross ’ investment tips and one startups’ hangover cure.
WL Ross & Co. CEO Wilbur Ross on the Federal Reserve and where the opportunities are for investors.
Claman on Call: FBN’s Liz Claman with an after-hours web exclusive breaking down the markets, how to invest like billionaire Wilbur Ross and what’s next for the creator of the Rainbow Loom.
New York Community Bancorp CEO Joe Ficalora on the outlook for community banks.
Wells Fargo Advisors Chief International Strategist Paul Christopher on the outlook for China’s economy and markets.
WL Ross & Co. CEO Wilbur Ross on finding investment opportunities.
Payden & Rygel Chief Economist Jeff Cleveland and WSJ Chief Economics Correspondent Jon Hilsenrath on Federal Reserve policy.
Phoenix Investment Advisers founder Jeff Peskind , FOX Business contributor Bob Ross give tips for investing in junk bonds.
WL Ross & Co. CEO Wilbur Ross on the impact of Obama Administration policies on jobs and the economy.
Christie’s director of private sales Reginald Brack on investing in watches.