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APM Terminals triples investment in Port Elizabeth

APM Terminals will invest USD 200 million in its terminal in Port Elizabeth on the US East Coast. The move will prepare the terminal for the ultra-large container vessels which are soon expected to call in the port.

Port Elizabeth is located in New Jersey on the US East Coast.

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Norwegian shipping investor debuts in dry bulk

Founder of rig company Borr Drilling, Tor Olav Trøim, is now targeting dry bulk with the company 2020 Bulkers. The plan is to list the company on the minor OTC stock exchange, reports local media Finansavisen.

Wärtsilä's Chinese venture pays off

Finland's Wärtsilä is betting on the Chinese market and has now won a contract to supply 16 engines to four new LNG vessels, states the company, adding that this order confirms growth in the country.

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