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Cosco Shipping and PIL form new partnership

Chinese Cosco Shipping has initiated a time charter deal with Singapore's PIL for 12 vessels. Earlier this year, it was rumored that PIL would be the next acquisition in the consolidation wave in the industry, report several media.

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Nordic shipowners see multiple problems with speed limit

Danish Shipping and the Norwegian Shipowners' Association think that there are many potential pitfalls in implementing a speed limit for vessels in order to reduce their greenhouse gas emissions. The discussion of a speed limit was instigated by the new ECSA chairman.

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