Newly merged company will track and monitor half the world’s ships. Pole Star Space Applications Limited (“Pole Star”), Absolute Software Inc. and Absolute Maritime Tracking Services Inc. (“Absolute”) today announced that the merger of the three organisations has been completed. The enlarged global business, headquartered in West London, will provide a combination of monitoring and security related services to more than 35,000 vessels - half the world’s international fleet. Combining Pole Star’s award-winning expertise in systems for commercial fleets, flags and maritime administrations with Absolute’s proven credentials in fisheries management, together with its services to flags and maritime administrations, the enlarged organisation will offer cutting-edge technology to the maritime industry as a whole. The merged company will now operate Long-Range Identification & Tracking (LRIT) data centres for 40 maritime administrations including Panama, Singapore, the Marshall Islands, Liberia, Australia, and Canada; as well as providing LRIT Conformance Testing and Certification for more than 90 Flags. In addition, the combined company’s increased technology resources will enable the group to deliver superior, cutting edge products more quickly to its customers.
Mackay Communications joins Pole Star’s wide marine market network of approved distributors. Mackay will offer Pole Star’s portfolio of products and services including Fleet Management, Alert Advanced Ship Security Alert System (SSAS), Marine Asset Tracker (MAT), and LRIT conformance testing services to their customer base throughout North America. “We are extremely pleased to formalize the relationship with Mackay,” commented Duncan Halliday
Star Maritime Acquisition Corp., a Delaware corporation, announced that at its special meeting of stockholders held yesterday, its stockholders voted to approve by an overwhelming majority the acquisition by Star Maritime's wholly-owned Marshall Islands subsidiary, Star Bulk Carriers Corp. of eight drybulk carriers from subsidiaries of TMT Co., Ltd. and the merger of Star Maritime with and into Star Bulk, with Star Bulk as the surviving corporation.
Collecte Localisation Satellites (CLS) and Iridium Communications Inc. (NASDAQ: IRDM) announced that the U.S. Coast Guard has type-approved the CLS Thorium terminal for Long-Range Identification and Tracking (LRIT). The type approval clears the way for CLS America, a subsidiary of CLS, to equip ships sailing under the U.S. flag to comply with the international LRIT carriage requirements. Pole Star, the U.S. LRIT Application Service Provider (ASP)
Pole Star, fleet managers, ship security & vessel monitoring providers, appoint Andrew Peters as compsny Chief Executive Officer. The appointment follows the retirement of interim CEO, Colin Hook, who will continue to serve as a non-executive director of the board. Andrew Peters, previously CEO of Telefonica UK and Deutsche Telekom Ltd, takes the helm as Pole Star embarks on an ambitious strategy to launch new services
Star Bulk Carriers Corp. has taken delivery of the M/V Star Kappa (ex E Duckling), a 52,055-dwt Supramax vessel built in 2001 in Japan. Star Kappa is an addition to the initial fleet, was acquired for $72m and is the third vessel to be delivered to the company following the completion of the Redomiciliation Merger. Star Kappa has a Time Charter employment contract at a gross daily rate of USD 47,800 with earliest expiration date of September 23, 2010.
Star Bulk Carriers Corp. announced that it has entered into a definitive agreement to acquire the M/V Nord Wave, to be renamed the M/V Star Omicron, a Supramax bulk carrier of 53,489 dwt, built in 2005 in , for $72m. The vessel will be financed through a combination of company cash and bank debt. The M/V Star Omicron, is scheduled to be delivered to Star Bulk within April 2008. It has been acquired charter-free and Star Bulk intents to secure the vessel under time-charter employment prior to
Star Bulk Carriers Corp., has delivered the Star Iota, a Panamax bulk carrier of approximately 78,585 dwt, built in 1983 in to its buyers. The Star Iota had been previously sold for approximately $18.3m. With the delivery of Star Iota to its buyers, Star Bulk has completed all deliveries of vessels for either purchase or sale, to date. Star Bulk's fleet currently consists of twelve dry bulk carriers. The contracted fleet operating days under time charter in 2008
ATHENS, GREECE, April 13, 2011- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ: SBLK), today announced that the dispute that had arisen back in October 2008 between the Company's subsidiary Star Beta LLC ("Star Beta") and OLDENDORFF GmbH and Co. KG ("Oldendorff"), sub charterers of the STAR BETA ("the Vessel") concerning the assignment to Star Beta of the charterparty between Oldendorff and Industrial Carriers Inc
As part of its product rollout strategy Eco Marine Power (EMP) announced today that it has signed a support agreement with Theodosiou Bros Ltd (TRIAD Ltd) of Piraeus, Greece. This agreement between EMP and TRIAD Ltd will lead to the establishment of a technical support hub in Greece from
The Panama Maritime Authority (PMA) has become the first port state to use Pole Star’s PurpleTRAC sanctions compliance and risk management service as part of its wider port risk management strategy and as a precaution against the outbreak of Ebola.
NOAA and British Geological Survey make critical changes to World Magnetic Model to ensure accurate navigation NOAA officials announced today the World Magnetic Model (WMM), a representation of Earth’s large-scale magnetic field and an indispensable complement to GPS devices used by
Boxco Logistics has set the bar high yet again, by moving the LONGEST COLUMN EVER that was transported in and out of Mumbai Port. It all started in the industrial township of Dahej in the state of Gujarat at ISGEC Heavy Engineering’s manufacturing plant
Rock Seven launched its next generation solution for tracking merchant and offshore vessels. With no annual contract and Pay As You Go use, RockFLEET is designed to simplify and reduce the cost of single vessel and entire fleet tracking, supporting shipowners to increase safety and efficiency
Scudder Hall Galley at Naval Weapons Station Yorktown (WPNSTA Yorktown) was awarded its sixth consecutive 5-Star accreditation, Oct. 2, from Commander, Navy Region Mid-Atlantic (CNRMA). The 5-Star accreditation for food service excellence is based on the review team's on-site
Chairman Mario Cordero announced that the Federal Maritime Commission has completed compromise agreements recovering a total of $503,000 in civil penalties. The agreements were reached with five non-vessel-operating common carriers (NVOCCs)
GE’s Power Conversion business was chosen by Naval Facilities Engineering Command (NAVFAC) to build a test system for a cleaner and more productive future in full scale testing of shipboard propulsion and electrical distribution systems at its Naval Ship Systems Engineering Station (NAVSSES)
BigLift Shipping today celebrated the naming of its new heavy lift vessel, Happy Star, at a ceremony held at Huisman China’s yard in Xiamenand. The christening was performed by Leanda Breakell, spouse of Greg Breakell, Managing Director of ThyssenKrupp Industrial Solutions (Australia) Pty Ltd
Eco Marine Power together with strategic partners has installed an Aquarius Management & Automation System (MAS) integrated with a marine solar panel array on-board the Blue Star 'Delos'. The Aquarius MAS has been installed as part of a joint renewable energy project with Blue Star
Highlights * Gladstone Ports Corporation has extended LNGL’s Fisherman’s Landing LNG Project (FLLNG) site Agreement for Lease until 31 March 2016, with an option for another year * LNGL has signed a non-binding memorandum of intent (MOI) for gas supply with Tri-Star Petroleum
The Viking Star, a47, 800GTcruise ship, is one of three Viking Ocean Cruises’ newbuilds to opt for Thordon COMPAC seawater lubricated propeller shaft bearings. Constructed at Fincantieri’s Marghera shipyard, the 944-passenger Viking Star is the first of three new ships equipped with
When JPMorgan Chase & Co agreed to lead a $700 million bond offering for Russian gas producer Gazprom OAO, it was doing business that some U.S. banks are afraid to do, several lawyers and a banker said. Gazprom faces U.S. sanctions after the U.S
Company Receives New Refrigerated Containers and Places Order for New Genset Equipment Sea Star Line, LLC began receiving the first of its new 100 40’ and 45’ refrigerated containers ordered as part of its equipment replacement plan announced in August 2014
The nation’s only heavy icebreaker departed Seattle Sunday for a four-month mission to Antarctica as part of Operation Deep Freeze, the annual Joint Task Force Support to resupply the National Science Foundation outpost there. The crew of Coast Guard Cutter Polar Star from Coast Guard