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Finance & Insurance

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.
Seoul: STX Pan Ocean Co Ltd (STX PO) shares rose 9.2% today amid reports that Korean steelmaker Posco is considering paying $333m for a controlling stake in the struggling shipping…
Oslo: Frontline today reported a $16.6m loss in the fourth quarter, bringing the year loss to $82.8m.
Singapore: Singapore-based Otto Marine will continue to focus on selling off assets and lock-in long term charters for its vessels as the company remains financially weak.
Seoul: South Korea's STX Pan Ocean sank deeper into the red as it posted a full year net loss of $418.29m in 2012 due to low freight rates and high…
Singapore: Yangzijiang Shipbuilding slipped in its 2012 full year earnings amid the slump in global shipbuilding and excess vessel tonnage in the market.
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