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Equity fund Brookfield takes control of Teekay Offshore

Teekay Corporation has entered a strategic partnership with investment firm Brookfield, which will inject hundreds of million of dollars in Teekay Offshore. Brookfield will thus own 60 percent of the offshore unit.

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The solution to one shipping climate challenge could exacerbate another

The upcoming global sulfur directive is designed to solve a pollution issue, but the regulations look set to significantly exacerbate another problem. "It's not free for the environment," says a bunker consultant. It is the price that has to be paid to reduce sulfur emissions, says supplier Haldor Topsøe.

New shipping fund buys first container ships

Investment company Navigare Capital Partners has acquired three container ships for its shipping fund. The company invests money for three Danish pension funds and the Maersk family.

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