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Finance & Insurance

Dubai: Offshore ship and rig yard group Lamprell today announced a full year net loss of $110.5m for 2012 as earnings fell 8.9% to $1bn.
Riyadh: National Shipping Company of Saudi Arabia (Bahri) is planning to launch a debut Islamic bond issue to help refinance a debt of $1.3bn taken to acquire Saudi Aramco's Vela…
Singapore: Rickmers Maritime (RM) is launching a S$101.7m ($81.5m) rights issue to repay loans to meet its extended loan-to-value covenants waiver.
Panama: The Inter-American Development Bank (IADB) Annual meeting in Panama City called for Central American countries and the Dominican Republic to establish national logistics agendas to improve policy coordination and…
Singapore: Offshore services provider Ezion Holdings has bagged a considerable cash amount raised from placement of 10m new ordinary shares in November 2012.
Shanghai: China Cosco Holdings Co. (China Cosco) may sell assets worth as much as RMB27bn ($4.3bn) to its parent, Bloomberg reports.
Copenhagen: Restructuring and impairment costs on top of low freights have dragged Torm to a pre-tax loss of $579m.
Asia's largest commodities company Noble Group will shortly take delivery of the last of a series of six post-panamax bulker newbuildings, but confirms its strategy is to remain "asset light"…
Singapore: Seadrill and Mermaid Maritime have invested in a $100m share issue by Asia Offshore Drilling (AOD) to fund its new build programs and for general corporate purposes.
Dubai: FIS, freight and commodity swaps brokerage, has opened an office in Dubai, UAE in response to the growing market for freight and commodities and its proximity to Asian markets.
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