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Bunker revenue downhill at World Fuel Services

The world's largest bunker company experienced setbacks in the marine fuel sales during the second quarter as well as for the first six months of the year. However, the group's other two core businesses, aviation and onshore business, had big gains, shows the financial report.

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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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