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FESCO LOWERS NEW ZEALAND/U.S. BUNKER CHARGE

FESCO LOWERS NEW ZEALAND/U.S. BUNKER CHARGE

   Far Eastern Shipping Co. said that it will lower the bunker charge on northbound shipments it carries from New Zealand to the United States and Canada, effective March 14.

   The charge will be reduced from 7.7 percent to 4.9 percent.