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Analyst firm calls off dry bulk boom in 2017

The recovery seen late last year was not the beginning of a comeback for the dry bulk market, warns Maritime Strategies International. The analyst firm projects yet another year of low rates, for Capesize and Panamax in particular.

2017 looks set to become yet another challenging year for the bulk carriers, projects MSI. But coal imports in China and India could surprise the market..

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MSC to increase capacity of 11 vessels at Chinese yard

Container carrier MSC has signed a deal with a Chinese shipbuilder to increase the length of its 11 container ships, to boost their capacity to 17,000 teu. Competitor CMA CGM has also made a deal with the same yard, report several media.

Seadrill presents new business plan

The John Fredriksen-owned drilling company Seadrill, currently under Chapter 11 in the US, has released a new business plan. The plan indicates significant setbacks in revenue and earnings at Seadrill for the next five years.

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