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Hitec Vision to invest huge sums in North Sea oil

Equity fund Hitec Vision plans to spend more than a billion dollars acquiring oil fields in the British part of the North Sea. Massive cost reductions have made the market attractive, says the investment director.

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Norden raises profit guidance for 2017

Carrier Norden is now confident that it will deliver a double-digit million dollar profit for 2017, says the carrier. "This is a significant shift," CEO Jan Rindbo tells ShippingWatch.

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