Pension funds enter shipping investment

London-based Marine Capital expects to launch a new shipping investment entity in 2017 with the backing of institutional investors, CEO Tony Foster tells ShippingWatch. Total investment may exceed half a billion dollars.

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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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