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Hutchison Port Holdings notes dwindling revenue

Hong Kong-based Hutchison Port Holdings saw its revenue drop in 2016, while cargo volumes fell due to factors such as intensifying competition in Rotterdam. The company has a cautious approach to 2017, says management in the annual report.

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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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