BW’s Sohmen-Pao astonished by amount of new equity in shipping given rates of return

Given how difficult it is to recover the cost of capital in shipping BW Group chairman Andreas Sohmen-Pao says he is “astonished” by the amount new equity that comes into the industry.

http://www.seatrade-maritime.com/news/asia/sohmen-pao-astonished-by-amount-of-new-equity-in-shipping-given-rates-of-return.html