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PUBLISHER: The Load Star (www.theloadstar.com)

The plan by South Korea’s state-backed ship finance institution, Korea Ocean Business Corporation, to provide funding to local liner and feeder operators through ship sales and leaseback is being delayed due to the current upcycle in the market.

In July, to alleviate the burden of rising vessel prices, KOBC said it planned to purchase up to 50 ships by 2025, including up to ten this year.

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