Hints and tips:
...Arsenio Dominguez, secretary-general of the International Maritime Organization, the United Nations’ maritime arm, called the “horrific reports” of the casualties “deeply saddening”....
...For example, this newer document lists Geos LLC, a Russian private company headquartered in Novorossiysk, as the seller....
...A maritime security source said he understood it was the Asphalt Princess that had been seized, though he highlighted that the tanker’s owners, Prime Tankers LLC in the UAE, had previously had another vessel...
...(FT) Hypocrisy at sea Members of the International Maritime Organization, a secretive UN agency, are tasked with regulating the climate impact of the shipbuilding industry....
...Carmakers, airlines and heavy industry all hit out at the proposals, which include a de facto ban on new diesel and petrol cars in the EU from 2035, a tax on aviation and maritime fuel, and the decision...
...Maritime woes are just one reason Inmarsat is in the doldrums. Payments from Ligado, a US satellite company that leases communication spectrum from Inmarsat, have ceased....
...Inmarsat was founded in the 1970s as a maritime safety company to launch satellites that could locate distress signals from ships....
...TJMT does not intend to divest its holdings if Viola is confirmed, according to a statement from the company, and Virtu CEO Doug Cifu will take over his role....
...Satellite operator Inmarsat has struck a strategic partnership in maritime communications with SpeedCast of Australia....
...The Sparta is owned by Maritime Equity Partners, an investment vehicle in which both Oaktree Capital and Lion Cao Asset Management, another private equity firm, have stakes....
...As a result, financial distress in the maritime industry persists....
...He singled out Oaktree, which now controls a series of shipping companies including General Maritime, a tanker operator, and Genco, a dry bulk company, calling it “the gift that kept giving”....
...“The crew is not employed by Maersk Line, nor is the vessel owned by Maersk Line,” the company said....
...Coatue founder Phillip Laffont said at the time Mr Noto would help the fund identify private technology companies for it to invest in....
...Mr Foss had been chief executive of Pepsi Bottling Group from 2006 to 2010 and spent 30 years at the company....
...Hundreds of funds have already collapsed but there are still about 2,000 single ship companies, many of which are running out of working capital....
...product tanker company....
...The private equity arm of Oaktree invested $200m into General Maritime just before the container line filed for bankruptcy protection a year ago. It later had to inject another $175m....
...Yuri Milner was founding member of Mail.ru and stepped down as chairman in the beginning of 2012 Related reading: Russia’s RVC: maritime navigation and other high-tech investments, beyondbrics Guest post...
...The bondholders have appointed New York’s Perella Weinberg to advise them over any restructuring, while General Maritime has appointed Moelis & Company....
...Now, thanks to a Rbs12bn ($380m) investment from Roman Abramovich’s asset management company Millhouse LLC, the island stands to become both a focal point for contemporary culture – an area of art galleries...
...But one of the biggest concerns, according to Basil Karatzas, chief executive of Manhattan-based Karatzas Maritime Advisers, is that banks might do too little....
...Oaktree, the private equity investor, has this year agreed to inject $200m in fresh capital into General Maritime, the US-listed tanker operator, and last year invested $100m in Gulmar, an operator of diving...
...Lawmakers led by Tom Petri, the Republican chairman of the House aviation subcommittee, said that the concerns needed to be resolved before the company, controlled by Philip Falcone’s Harbinger Capital,...
...● FT Comment Inmarsat shares took a pummelling on Monday as investors digested disappointing figures from a conservative company that is normally known for exceeding expectations....
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