ShippingWatch

Teekay adjusts business to new investor demands

After five years of trimming, Teekay Corporation headed by Kenneth Hvid has focused its business on gas and tanker. The group is currently making adjustments for a future in which investors will not necessarily make attractive capital available, he says in an interview with ShippingWatch.

Photo: Teekay Corporation / PR

NEW YORK

When Kenneth Hvid started working at Teekay 20 years ago, the company looked very different. At the time, the Canadian shipping company's fleet consisted exclusively of aframax tankers, but today the business is turned on its head.

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