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Finance & Insurance

Brussels: Dockwise Ltd has applied for delisting from the Euronext exchange in Brussels as Boskalis' buyout of the dutch heavy lift specialist nears its end.
New York: Fourth quarter losses at Greek-owned Dryships Inc. reached $129.8m as operating costs rose sharply year on year.
Paris: Offshore services provider Bourbon announced a sharp jump in income and profits for 2012 as the French giant benefitted from the strong fundamentals of the offshore sector.
Vancouver: Containership owner and manager Seaspan Corp reported strong profits for 2012 as utilisation rates held high along with a rise in ownership days.
Jakarta: Bulker casualties involving nickel ore cargo liquefaction have resulted in insurance claims of over $200m according a broker involved in one of the cases.
Paris: Lars Lange, the Secretary General of the International Union of Maritime Insurance (IUMI), has written a letter calling for greater availability of port state inspection data from the Paris…
Singapore: South Korea's STX Pan Ocean will downgrade its listing status on the Singapore Exchange from 8 March 2013.
Bangkok: Thai box carrier Regional Container Lines (RCL) reported increased losses in 2012 along with a drop in liftings and significant vessel impairments.
Hong Kong: Financially-strapped Titan Petrochemicals rescue plans were overwhelmingly rejected by shareholders last week.
Rome: Product tanker company d'Amico International Shipping S.A. reported a net loss of $106m for 2012 after $85m of asset write downs hit its books.
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