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GMT ACQUIRES FULL OWNERSHIP OF CONVENTIONAL CARRIER

GMT ACQUIRES FULL OWNERSHIP OF CONVENTIONAL CARRIER

   GMT Shipping Line (2002) Ltd. has acquired full ownership of GST Shipping Line Ltd., a Hong Kong-based conventional liner service operator.

   GMT said that it has bought the 40-percent shareholding in the shipping line previously owned by International Transport and Trading Agency GmbH.

   GST provides a conventional service from the Baltic Sea, the Black Sea and northern continental Europe to West Africa.