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| VIKING prospers despite tough conditions | |  | | 2009 saw VIKING Life-Saving Equipment A/S defy a difficult market to attain a record turnover in excess of DKK 1.1 billion. Profit for the year is described as satisfactory.
Tough market conditions weren’t enough to stop VIKING Life-Saving
Equipment A/S, the global manufacturer of safety equipment for the
maritime, offshore and fire industries, from achieving all-time-high
sales of DKK 1,136. |
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| Gulf Navigation JV with Stolt-Nielsen Purchases | |  | | Gulf Navigation Holding PJSC the leading ship owning and Maritime Services Company in the region has announced that, together with its partner Stolt-Nielsen SA an agreement to buy the four 44,000 deadweight ton modern chemical carriers has been reached. |
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| Germany wants to bring forward shipping orders | |  | | Germany wants to help its downturn-hit shipping industry by bringing forward public orders, the government's maritime expert told Reuters. "We are checking whether we can bring forward orders," Hans-Joachim Otto said. "That could help some firms. |
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| Eitzen Chemical 4th quarter and full year 2009 results | |  | | Eitzen Chemical ASA reported EBITDA of USD -4.1 million for the 4th quarter of 2009 including gains of USD 1.2 million and a loss provision of USD 4.0 million.
This compares to EBITDA of USD 11.6 million including gains of USD 4.4
million in the previous quarter. |
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| SFL - Upsize of refinancing, delivery of a newbuilding Suezmax and sale of a single-hull VLCC | |  | | Ship Finance International Limited, yesterday announced that it has agreed with a syndicate of leading international banks to upsize the planned refinancing of 26 vessels on charter to Frontline by $50 million to $725 million.
The background for the increase is the significant oversubscription in
the banking market, combined with conservative leverage on underlying
asset values. |
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| Dyadem Helps BP Shipping Ensure Safe Fuel Delivery | |  | | BP Shipping has selected Stature Workgroup from Dyadem to help it ensure the safe and environmentally responsible transportation of BP's hydrocarbons around the world. |
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| Golden Ocean completes its secondary listing on the Singapore Exchange | |  | | Golden Ocean Group Limited ("Golden Ocean" or "the Company"), is pleased to announce that the Company has completed a secondary listing on the Singapore Exchange (SGX) yesterday. |
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| Containership Charter Rates Rising | |  | | Containership charter rates are rallying as ocean carriers scramble for tonnage in response to a stronger-than-expected rebound in cargo volumes as the industry emerges from its deepest recession. |
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| Criminalisation and piracy are damaging seafarer recruitment warns Intermanager | | | Scorpio Tankers increases size of expected IPO | |  | | Shipper Scorpio Tankers Inc. on Thursday increased how much it hopes to raise from its expected initial public offering to about $187.5 million from $150 million. |
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