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Frontline completes restructuring

Tanker giant Frontline Ltd. says that it has successully completed the restructuring first announced December 6, 2011, backed by more than $505 million in guarantees from its largest shareholder, John Fredriksen controlled

Chinese shipbuilding orders fell in 2011

Xinhua reports that the Chinese shipbuilding industry suffered sharp declines in new orders in 2011,citing data from released Monday by China’s National Development and Reform Commission (NDRC. New shipbuilding orders from January