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Major shareholder reports stake in shipowner Marenave

Asset manager Ernst Russ AG is now stepping forward as a major shareholder in struggling German Marenave. Ernst Russ owns a little over one fifth of the shares in the Hamburg-based company, which is currently trying to ward off bankruptcy.

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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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