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Quadrise Fuels Shares Jump On Development Deal With MSC Shipmanagement


Quadrise Fuels Shares Jump On Development Deal With MSC Shipmanagement
Thu, 21st Jan 2021 11:04
(Alliance News) - Shares rose in Quadrise Fuels International PLC on Thursday as it announced the signing of a joint development agreement with MSC Shipmanagement Ltd of Cyprus.
Shares in the supplier of MSAR emulsion technology and fuels were 31% higher at 2.78 pence on Thursday in London.
MSC Shipmanagement is a subsidiary of Geneva-based shipping and logistics firm MSC Mediterranean Shipping Co SA.
Under the agreement, an MSAR operational trial will be carried out on commercial container vessels in the MSC container fleet, starting 2021.
The initial activities under the agreement will include definition, high-level scoping and feasibility activities of the overall trial, and is expected to take three months. ....

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