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Ship Owners Turn to Second Hand Ships

Shipping investment activity was much more evident in the S&P market over the past week, rather than the newbuilding segment. In its latest weekly report, shipbroker Banchero Costa said that “in the Panamax segment, Vietnamese interests were behind the purchase of IVESTOS II 76,284 dwt 2004 Tsuneishi built at $8.40 mln. In the Supramax segment, …

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