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Finance & Insurance

Navios Partners has announced a follow-on offering of 5m shares at $14.26 per unit, totalling $71.3m.
Scorpio Tankers has agreed to buy four MR product tankers currently being built in Korea, for around $151m.
Fuel producer Neste Oil has announced that it is exiting the shipping business, selling off its fleet and outsourcing their management to Finnish firms.
The risk of piracy has “not gone away” according to chairman of Maritime Piracy Humanitarian Response Programme (MPHRP) Peter Swift, at a conference hosted by the International Union of Marine…
Malaysia-based offshore vessels builder Nam Cheong has entered into an agreement with Indonesia-based Bahtera Niaga Internasional (BNI) to jointly invest in a shipping firm in Indonesia.
Keppel has secured two contracts for conversions of two Floating Production Storage and Offloading (FPSO) with a combined worth of $190m, for SBM Offshore and M3nergy Offshore.  
Gulf Sheba, a VLCC owned by Gulf Navigation has been arrested at the Port of Rotterdam, under instruction from creditor DNB.
Marine insurers have warned that growing government regulation of wreck removal is driving up costs, and some measures introduced could warrant legal challenges.
First Ship Lease Trust (FSL Trust) has been hit with yet another charter default this time by OMNI Ships.
Indonesian state oil and gas firm Pertamina has budgeted $2.46bn for a 19-ship tanker fleet renewal programme, local media reports quoted assistant manager of shipbuilding support Muhammad Irfan as saying.
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