Korea Line Corp, a part of SM Group, has recently sold a total of ten ships this year, including supramax bulkers and capesizes, with a reported deal worth up to $50m for four 2010-built sister vessels. The Seoul-based company has been actively offloading tonnage since May, notably selling four modern VLCCs earlier this year, indicating a shift in focus away from the supramax segment. This move comes as part of Korea Line’s strategy to reshape its fleet composition and focus on specific vessel types.
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GE2025: Parliament dissolved ahead of General Election; Nomination Day on Apr 23
SINGAPORE: President Tharman Shanmugaratnam dissolved parliament on April 15, 2025, leading to Singapore's 14th General Election. Nomination Day is set for April 23, with the ruling People's Action Party (PAP) expected to contest all 97 seats against potential candidates from 11 parties, including two opposition alliances. Voter concerns focus on the cost of living and job security, with a return to physical election rallies anticipated as this will be Singapore’s first General Election since the...
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