South & Central Asia – Page 316

Chinese Bank Provides Funding for Navibulgar’s Newbuilds

The Export-Import Bank of China is to provide USD 94 million in financing for Navibulgar’s six new bulk carriers.

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Singapore’s Pacific Carriers Limited (PCL) has reportedly decided to expand its fleet by up to three new tankers.

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MOL has unveiled a wide-ranging research partnership aimed at developing an advanced navigation support system.

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Costamare orders five newbuild boxships and agrees to buy two secondhand containerships.

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The US-based interagency committee clears COSCO’s proposed acquisition of Orient Overseas International Ltd (OOIL).

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