Wilbur Ross buys into LPG carriers big time
In this Bloomberg article, Stealth Moves Tankers 13,500 Miles in Dash for U.S. Gas: Freight, I learned that Wilbur Ross now controls almost 1/3 of the worldwide midsize LPG carrier fleet. I'm impressed!
"Wilbur Ross, the billionaire founder of WL Ross & Co., is among those building up merchant fleets after shipping rates collapsed in 2008 because of the global recession. He now controls about 30 percent of the worldwide fleet of Handymax LPG carriers, which are about halfway between the biggest and smallest gas carriers, he said in an interview March 28."