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Media: Chinese bank injects USD 15 billion in Silk Road

China Construction Bank Corp (CCB) is injecting USD 15 billion in a new fund which will finance some of China's large-scale Belt & Road project, dubbed the modern Silk Road.

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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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