Telenor to be Acquired by Apax
Telenor entered into a definitive agreement with Apax Partners France for the sale of Telenor Satellite Services (TSS) to funds managed by Apax Partners for a cash consideration of $400m.
GL Opens Dalian Office
Pictured is Mr. congratulated Germanischer Lloyd Dalian on the occasion. Purpose Vessels. With an open day and a ceremonial dinner Germanischer Lloyd has opened…
Telenor Satellite Services to be Acquired
On October 25, 2006, Telenor entered into a definitive agreement with Apax Partners France for the sale of Telenor Satellite Services (TSS) to funds managed by Apax Partners for $400 million.
ABB Wins Orders Worth $100m
ABB, a power and automation technology group, signed contracts worth more than $100 million in September to supply Azipod propulsion, power generation and distribution systems for four new vessels…
Coast Guard Offers Resources on Hazardous Materials
The United States Coast Guard has published a free resource CD-ROM that brings comprehensive chemical information to the fingertips of fire and safety service personnel…
ConocoPhillips 3Q Profit Edged Up
According to reports, ConocoPhillips on posted a 2 percent rise in third-quarter profit on increased production and slightly higher sales. The company posted net…
Waterways Council, Inc. Names New Officers and Directors
At its Annual Meeting held October 18 in Nashville, the Board of Directors of Waterways Council, Inc. (WCI) elected the following officers and Executive Committee members for 2006-2007: Mark Knoy…
Port Security: There's More to it Than Containers
that exotic weapons -- nuclear, chemical or biological -- do not enter the United States. But that issue, while important, is only one of many in port security.
Tampa Bay Coast Guard Tests Pollution-Recovery System
Coast Guard personnel from Sector St. Petersburg, along with members from Port Manatee and Tampa Fire and Rescue, conducted a pollution-response exercise at the Port of Manatee in Palmetto…
NZ Releases Cook Strait Ferry Review
Maritime New Zealand released the Cook Strait Ferry Review. The review was undertaken due to an increase in the number of marine casualties and near misses by ferries transiting Cook Strait.
ACL Profit Grows
According to reports, American Commercial Lines Inc.'s third-quarter net income rose to $28.4 million, or 90 cents per share, from $3.5 million, or 15 cents per share, a year earlier.
S. Korea's Shipbuilding Orders Hit High
Combined orders received by South Korea's shipbuilders reached a record $12.4b in the third quarter of the year, reports said. The tally represents a 106.4 percent gain as measured in dollars…
Kleven Maritime to Build Six for Siem
Norwegian shipbuilding group Kleven Maritime AS won a $477m contract to build six ships for Siem Offshore, the companies announced. Kleven said the contract shared…
Farstad Announces Vessel Sales
Farstad Supply AS, a wholly owned company of Farstad Shipping ASA, has reached an agreement to sell the Far Crusader and the Far Centurion to Oceanlink Ltd. Delivery…
Barco and Fabricom GTI Team Up
Barco, together with Fabricom GTI, has been selected to install a Vessel Traffic Services (VTS) system, including new radars, for the port of Antwerp. This port project…
Port Canaveral Breaks Revenue Records
Preliminary figures show that total revenues for the Canaveral Port Authority have topped $50m for the first time, reaching the $51 million mark in Fiscal Year 2006.
Tidewater Reports 2Q Results
Tidewater reported second-quarter earnings of $104.2 million, or $1.86 per share, up from a year-ago profit of $82.2 million, or $1.42 per share. The latest results included a gain of $17.2 million…
Glendinning Marine and Yacht Controller Form Partnership
Glendinning Marine Products and Yacht Controller LLC have formed a strategic partnership to offer Glendinning’s Complete Controls Electronic Engine Control system…
TugAssist Releases New Version
Edoc Systems Group Ltd., the makers of TugAssist Marine Dispatching Software and a leader in industrial software, has released version 6.0 of TugAssist and renamed…
Polar Tankers Christens Tanker
Polar Tankers, Inc., a wholly owned subsidiary of ConocoPhillips christened the Polar Enterprise, the company’s newest double-hulled crude oil tanker. Classed by the American Bureau of Shipping…
