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10-01-2015, 12:50 AM
An honorable member of the Coffee Shop Has Just Posted the Following:

COSCO Singapore issues profit warning as drop in oil prices hurts offshore industry

COSCO, a Chinese ship building and marine engineering firm, said its COSCO Nantong unit will discontinue building the hull and the topside module for a vessel called an Octabuoy - a move that will result in a one-off charge of around S$90 million.


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