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Finance & Insurance

Hamburg Süd notes an improvement in its 2012 performance, but the results are still not satisfactory and the market will not return to a supply-demand balance until 2015 at the…
Hapag-Lloyd cut almost EUR40m from its losses in the first three months of 2013 compared to its 2012 results, with a group net loss of EUR93.6m, down from EUR132.4m last…
World Fuel Services has been successful in gaining a winding-up order against Otto Marine subsidiary Reflect Geophysical.
The operations commander of EU naval forces combatting piracy off Somalia has warned the threat has been contained, but is not over.
Braemar Shipping Services announced a 5% drop in profit year on year to £9.3m ($14.2m) despite revenues rising 7.7% to £143.8m in its results for the year ending 28 February…
Net losses rose sharply year on year at suezmax owners Nordic American Tankers (NAT) from $9.3m in the first quarter 2012 to $32.3m in 2013 as voyage revenues tumbled. 
Teekay Corporation reported a net loss of $11.7m in the first quarter, down from a $20.8m loss in the first three months of 2012.
Manila-headquartered port management company International Containter Terminal Services Inc (ICTSI) announced a 15% increase in net profit year on year, earning $40.7m.
Scorpio Tankers has gone to the markets for a $300m cash injection to boost its newbuilding programme. The New York-listed tanker company priced an offering of 36,144,578 shares of common…
China State Shipbuilding Corp (CSSC) landed a huge credit line worth RMB60bn ($9.77bn) from China Construction Bank earlier this month.
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