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Finance & Insurance

First Ship Lease Trust (FSL) has resumed trading on the Singapore Exchange (SGX) after a month long suspension as it seals a relaxation of loan covenants extension with its banks.
Rapidly expanding owner Scorpio Tankers has announced another stock offering to fund its product tanker and LPG carrier acquisitions.
Profits for New York-listed containership owner Danaos Corporation fell to $11.8m in the second quarter, down from $16.2m in 2012. Net income for the first half 2013 was also down,…
Scorpio Tankers has reported a net income of $4.0m for the first quarter of 2013 and a $10.6m profit for the first half, improving on 2012 losses of $4.0m in the…
Peak season surcharges (PSS) will continue to fall in importance in the East-West trades, analyst Drewry claims.
Katia Restis, sister of Greek shipowner businessman, Victor Restis, imprisoned pending trial on money laundering and embezzlement charges, says the family’s shipping business will continue to operate.
Profit at gas carrier and offshore logistics company Exmar almost tripled to $90.9m in the first half of 2013, up from $33.6m for the same period in 2012.
Profit for the second quarter rose to $19.5m at Greek bulker owner Navios Maritime Partners, a 16% increase on 2012's $16.7m for the same period.
As a testament to the strength and depth of the country, as China's government puts the squeeze on banks and the credit they offer, other institutions are coming in to…
Local Malaysian media reported that Tanjung Offshore is imminently going full steam ahead with its fundraising plans for its previously announced major O&G acquisition.
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