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Danish pension funds invest USD 300 million in shipping

Pension funds PensionDanmark and Danica and investment firm Navigare Capital Partners will place USD 300 million in a new fund that will invest in ships. The fund will be headed by Henrik Ramskov, formerly of Maersk Broker. Additional maritime funds are in store.

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Maersk vessels sailed under black-listed flag for final journey

Four vessels from Maersk Line sailed under black-listed flags, when on the way to be scrapped along the coast of Alang, India. The out-flagging occurred after the group sold the vessels to cash buyers. Seafarers risk paying the price, says an NGO and union.

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