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Shipping investment trust targets $250m in London IPO

Over 10 years since the collapse of Lehman Brothers, several corners of the shipping industry are still having a hard time getting their hands on money. With a global asset book worth over $20bn, investor EnTrustPermal believes the $80bn shipping needs makes this the right time to set up a publicly-listed fund targeting owners and operators who are finding it difficult to secure funds

EnTrustPermal seeks to float 250m shares of new investment trust Blue Ocean Maritime Income at $1 per share

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