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Franbo Lines Corp to Pour US$32m into Newbuildings

Franbo Lines Corp. listed in China's Taiwan region received a total of US$32m loan from five financial institutions, which will be poured into construction of three new fuel-efficient vessels, the Taiwanese shipping company announced March 25.

The investment is aimed at enlarging the company's profit drivers, the company said.

The company is mainly engaged in transporting bulk cargos and general cargos.

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