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Finance & Insurance

STX Pan Ocean (STX PO) has filed for court receivership in Seoul.
China Rongsheng Heavy Industries has signed a blanket insurance coverage agreement with China Export & Credit Insurance Corporation (Sinosure).
Qingdao Port (Group) Co is looking to raise $200-300m from an initial public offering (IPO) on the Hong Kong Stock Exchange, after it dropped plans to list in Shanghai, reports…
Sinoceanic has agreed a sale and leaseback deal worth $154.4m for the MSC Vega with Hong Kong-based Grand Indus Shipping. 
In a watershed deal announced this week York Capital, a large money manager, will team up in a joint venture with entities related to Costamare Inc the New York listed…
Singapore-based Ezra Holdings has sold its stake in fellow Singapore offshore firm Ezion Holdings in a move to rationalise its assets.
Westports Malaysia, operator of the country's busiest port, is gearing itself for an initial public offering (IPO) in October this year that could raise up to $500m, reports said.
Atlantic Navigation has obtained a $15m loan facility from Maybank Singapore to partially refinance the acquisition and modification of a jack-up accommodation barge.
Israeli box carrier Zim has announced a net loss of $112m in the first quarter, down from a $163m loss in the same period of 2012.
Announcing a net loss of $18.8m for the first quarter, John Fredriksen's tanker outfit Frontline has forecast a gloomy outlook for itself and the tanker market as a whole.
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