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HSH Nordbank books new major provisions on shipping

Shipping loans weighed down German bank HSH Nordbank in the first quarter of the year. CEO Stefan Ermisch is, however, satisfied with the results from core activities.

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Norwegian shipping investor debuts in dry bulk

Founder of rig company Borr Drilling, Tor Olav Trøim, is now targeting dry bulk with the company 2020 Bulkers. The plan is to list the company on the minor OTC stock exchange, reports local media Finansavisen.

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