Industry
India Maps 100-Ship Fleet Expansion to Cut Its $75 Billion Freight Bill
India is considering adding up to 100 vessels over five years to reduce a dependence on foreign-flag tonnage that costs the country around $75 billion a year in freight.
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Vessel sales
HMM moves on $1.1bn bulker and gas carrier haul
HMM has unveiled a KRW1.7trn ($1.1bn) order for eight bulk carriers and two gas carriers, the latest step in the Korean major's drive to diversify beyond containers.
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