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Finance & Insurance

Shanghai: Nanjing Tanker Corporation, through its subsidiary Nanjing Yangyang Chemical Transport, has entered into a sale and leaseback deal with CMB Financial Leasing regarding four chemical tankers.
Singapore: Sembmarine's rigbuilding PPL Shipyard has secured a repeat order for a jack-up rig from Malaysian upstream service provider Perisai Petroleum Teknologi Bhd (Perisai).
Houston: Drillship operator Pacific Drilling announced a surge in profits as its four drillship newbuildings from Samsung Heavy Industries (SHI) come onstream.
Dubai: Etihad Rail, developer and operator of the UAE’s national railway network - has secured financing of $1.28bn (AED 4.7bn) for stage one of its railway project that could see…
Seoul: The Korea Chamber of Commerce & Industry (KCCI) has called on the government to revitalise shipbuilding finance and ship guarantee fund to support the country's weakening shipbuilding sector.
Copenhagen: Recently restructured Danish shipping firm Torm has announced that the sale of five of its vessels will see its 2012 losses reach $579m.
Stavanger: Norwegian gas carrier Solvang ASA today announced improved earnings in the fourth quarter and full year 2012.
Oslo: Sinoceanic has announced a focus on refinancing for the coming year as it revealed a loss of $6m in the fourth quarter 2012 and a $21.5m loss for the…
Singapore: Shareholders have been advised to reject Fincantieri’s takeover offer for the shares it does not already own in STX OSV.
Hong Kong: China's top private yard Rongsheng Heavy Industries has entered closed-door talks with state-owned China Citic Group for new investment, according to local media reports.
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