Daewoo Shipbuilding's bailout plan cleared by pension fund

Daewoo Shipbuilding & Marine Engineering Co. just barely averted a severe crisis now that a bailout plan has been approved by a major bondholder. Two other meetings of bondholders are due to meet tomorrow and they are also likely to approve, analysts say.

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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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