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MPC Container Ships has raised more money for vessels

Newly-founded shipowner MPC Container Ships has sold shares for USD 75 million. The funds will be used to buy more vessels. The company has already purchased 13 container vessels set to operate in feeder.

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Trafigura CEO: Continued oversupply on the oil market

2017 has been a year characterized by continued oversupply on the market for oil and oil products, says Trafigura's CEO in relation to the commodity trader's annual report. But the situation already looks brighter starting next year.

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