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Finance & Insurance

United Arab Shipping Company (UASC) scooped three awards last night at the 10th Anniversary Seatrade Middle East & Indian Subcontinent Awards.
Offshore operator Topaz has posted profits of $36.3m, a 40% increase on last year's $25.9m.
Indonesia-based Logindo Samudramakmur is aiming to raise up to $63m from a planned initial public offering (IPO) in Jakarta.
Subsea 7 has reported a $160m profit for the third quarter, down from a $194m profit in the same period last year.
Intertanko has criticised the criminal disobedience conviction of Captain Apostolos Mangouras following the 2002 Prestige oil spill, despite his acquittal of criminal damage charges.
Dof reported an all time high operating profit of NOK912m ($184.7m) in the third quarter 2013, up from NOK755m in the same period last year.
First Ship Lease Trust (FSL Trust) has launched a probe into the negotiations that led to the relaxation of certain loan covenants that was announced in July this year.
Reporting a $2.9m loss for the third quarter, up from a $81m loss in the same period last year, J Lauritzen's president and ceo still sees room for improvement.
DVB Bank has posted net income of EUR81.8m, for the first nine months of the year, a 16.1% drop on 2012’s EUR97.4m.
Odfjell has reported its first profitable quarter this year, with a Q3 result of $9m, compared to a $39m loss in the same period last year.
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