ECP | Luxemburg, 15.01.2021
Back in November, during our brain storming session we came across an interesting investment opportunity in a very challenged sector; shipping. The sector is favourite amongst the distressed value players due to its extremes in magnitude and duration of cyclicality, capital intensity and fragmentation. True to its nature the shipping sector does entice investors every now and then, but by the time analysts complete their due diligence and are done with writing their report, the bubble pops. Unlike other sectors, shipping has very many wild cards working for or against the cycles.
Mit freundlichen Grüssen aus Luxembourg
Léon Kirch, CIO & Partner
