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Finance & Insurance

In the space of two months, Nam Cheong has secured contracts for three offshore vessels worth $70m, and is set to surpass 2012 sales records.  
Milaha (Qatar Navigation) has announced a first half profit of QR574m ($157.6m)
For New York traded shipping companies, the mini-boom of convertible preferred issues saw talk of another issue. Last week, Box Ships, which trades on the NYSE with the symbol “TEU”,…
Dutch company Vopak and Swedish gas firm Swedegas are to establish a new LNG terminal at the Port of Gothenburg, supplying LNG to both shipping and industry.
Mark Brownrigg is to step down from his position as director general of the UK Chamber of Shipping.
First Ship Lease Trust (FSL Trust) has taken back the second tanker chartered to Geden Holdings, that the shipowner defaulted on.
Star Bulk has ordered two capesize and two ultramax new buildings from China and Japan with a total value of $151m.
China Rongsheng seems to be making progress to resolve its financial woes as it tries to recover funds locked up from its aborted plan to take over Anhui Quanchai Engine…
Impairment losses from shipping were up year-on-year at DnB, but down on the preceding few quarters.
The blaze aboard the fore section of the MOL Comfort remains unabated for a fifth day, with the company reporting that “observations show that most of the containers on deck…
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