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SEAF Bangladesh Ventures Signed Investment Agreements with Accord Shipping Limited on September 26, 2012.

Accord operates a 1,500 DWT cargo vessel to transport petroleum products through the coastal water-ways and river routes in Bangladesh. The vessel operated by Accord is certified by a global classification society, and operate in compliance with global standards. It will have demonstrational effect to shift from an industry with outdated, dilapidated and non-compliant vessels to a compliant one. 

SEAF provided Accord with a follow-on investment due to its good growth prospects.

 

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