…Shipowners opting to take companies private was the lead story in the February issue of Splash Extra.
New York-listed LNG carrier specialist owner GasLog announced delisting plans last month, entering into a merger with BlackRock’s Global Energy & Power Infrastructure team. GasLog’s founder, Peter Livanos, said the new deal would allow “for access to growth capital currently absent in the public equity markets”.
The GasLog announcement marks the fifth shipping stock to exit Wall Street in the last 15 months.
Dagfinn Lunde, the founder of eShipfinance.com, told Splash Extra: “The debate – public versus private – will go on forever as both the shipping markets and the capital markets are both very volatile and mostly are not in sync.”
You can read more here.