China’s EximBank Lends $1.2 Billion To Fund New Shipbuilding Program

Export-Import Bank of China (EximBank) will lend $1.2 billion to German shipping firms Peter Dohle Shiffahrts-KG and Bernhard Schulte for the purchase of Chinese ships, the official Xinhua news agency reported.

 Suspicious Approaches Put Red Sea on Heightened Piracy Alert

Ships in the Red Sea and areas of the Gulf of Aden are on high alert for pirate activity following suspicious approaches this week on two tankers in three days.