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Buying spree for Hannibal’s state shipping company

General National Maritime Transport Company (GNMTC) has announced the order of several oil tankers in the past month, which will more than double the national fleet at what GNMTC’s senior management – headed by Revolutionary Leader Muammar Qadhafi’s controversial younger son Captain Hannibal Muammar El Qadhafi – sees as attractive prices during a period of falling shipping costs.

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African Energy Gulf States Newsletter