Japanese financial firm to increase shipping loans in Europe

Japanese financial services company Orix bought shipping loans for USD 298 million from the Royal Bank of Scotland on Monday. The purchase will serve as a springboard to increase activities within European shipping.

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Maersk vessels sailed under black-listed flag for final journey

Four vessels from Maersk Line sailed under black-listed flags, when on the way to be scrapped along the coast of Alang, India. The out-flagging occurred after the group sold the vessels to cash buyers. Seafarers risk paying the price, says an NGO and union.

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