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Day: January 4, 2010

Hyundai Heavy misses ship order target

Hyundai Heavy Industries Co., the world’s biggest shipbuilder, missed its target for new contracts for a second year as the credit crisis and shrinking global trade reduced demand for vessels. The shipyard won $10.6 billion...

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Cosco CEO considers nuclear-powered shipping fleet

Merchant shipping is vital to global trade, but the sector’s huge vessels are often powered by highly polluting bunker fuels. Now some major companies are talking about low-carbon alternatives that might someday replace to...

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