Independent journal on economy and transport policy
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Mitsubishi Unit to Seek $750 Million for Shipping Fund
(Bloomberg)
March 6, 2013
By Sabrina Willmer Bloomberg
A Mitsubishi Corp. (8058) subsidiary plans to seek $750 million for a fund managed by former General Electric Co. (GE) shipping-team members that will try to take advantage of depressed prices in the industry.
MC Seamax Shipping Opportunities Fund will acquire and manage 25 to 35 container ships for lease to liner companies, according to a marketing presentation, a copy of which was obtained by Bloomberg News ...... Read more on Bloomberg
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