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Finance & Insurance

China State Shipbuilding Corp (CSSC) landed a huge credit line worth RMB60bn ($9.77bn) from China Construction Bank earlier this month.
Nanjing Tanker Corporation (NJTC) has confirmed it will delist from the Shanghai Stock Exchange on 14 May following three years of consecutive net losses.
China Shipping Group (CSG) is eyeing to raise RMB2.5bn ($407m) from short-term notes to replenish its working capital.
Recently restructured tanker and bulk owner Torm announced a rise in spot market earnings in the first quarter of 2013, and improved year on year results.
Shuttle tanker owner-operator KNOT offshore partners (KOP) raised $156m in its initial public offering on the NASDAQ exchange. The offering comprised 7.45m shares at $21 each.
Lloyd’s has amended its risk codes to include a new class of insurance covering seafarer abandonment.
Odfjell group revealed mixed first quarter results today, with rising time charter and terminal earnings failing to prevent a $13m loss, more than triple the $4m loss in the same…
Across all sectors, shipping is capital-intensive, where multiple dollars of assets are required to generate each dollar of top line income. In the wake of banking pullbacks, vessel financiers have…
South Korea's financially-shaken STX Group is mulling the sale of its European assets including its shipyards in France and Finland.
 Sembcorp Marine's (Sembmarine) net profit rose 5% year on year in the first quarter to $119m for 2013.
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