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Cosco to launch large shipping investment fund

Cosco Shipping Group plans to launch a large financing fund for targeted investments in shipping. The fund will be split into a yuan fund and a dollar fund and will focus on, among other things, struggling companies.

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Frontline hit by weakest tanker market in four years

Over the third quarter, John Fredriksen's tanker carrier Frontline rejected unreasonable offers from customers, especially for the large VLCCs, which had a negative impact on the result, says CEO Robert Hvide Macleod.

Nordic Shipholding lowers guidance again

Nordic Shipholding has decided to downgrade its expectations for 2017 once again. The company now expects a slightly bigger deficit than before, says the carrier in its interim report.

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