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Debt strains South Korea's Daewoo Shipbuilding

Debt items at South Korean shipbuilding giant DSME stand at USD 877 million this year alone, reports Korea Herald. Delayed payments to the yard account for part of the sum, which the company will likely be unable to pay back.

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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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