Kuwait Oil Tanker Co said to weigh USD 3.3 billion fundraising

A Kuwaiti tanker carrier owned by the country's oil refiner is weighing whether to raise close to USD 3.3 billion to finance a fleet expansion, sources say.

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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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