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04 April 2020 The on-line newspaper devoted to the world of transports 19:49 GMT+2

October 27, 2003

Global shipping sector will need $450b for vessel acquisitions

Dubai |By Saifur Rahman, Staff Reporter

The international shipping industry will require approximately $450 billion in funding between now and 2010 to finance new and second-hand ships, according to shipping officials.

This includes about $350 billion in new ship orders and over $100 billion in second-hand acquisitions ......
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