Brookfield Business Partners (BBP) may not be a household name in the shipping and offshore sectors — at least not before its $610m swoop on Teekay Offshore Partners (ticker symbol: TOO) last week — but it is not a total stranger, either.
Along with its parent Brookfield Asset Management (BAM), the company has been around the sector in various forms — from its 2006 acquisition of the North American terminal assets of Hong Kong containership group Orient Overseas (International) Ltd to its 2013 stake in the logistics arm of Brazilian miner Vale.
