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Showing results for The Maritime Eexecutive LLC
...Arsenio Dominguez, secretary-general of the International Maritime Organization, the United Nations’ maritime arm, called the “horrific reports” of the casualties “deeply saddening”....
...The Russian-flagged Pegas was seized on April 15 near Karystos, a port on the island of Evia, the ministry of shipping and maritime affairs said....
...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...
...That could make the difference. Maritime woes are just one reason Inmarsat is in the doldrums....
...Inmarsat was founded in the 1970s as a maritime safety company to launch satellites that could locate distress signals from ships....
...The Russian measures were a response to new US legislation tightening sanctions on Moscow for its involvement in the Ukraine conflict and alleged meddling in the US election last year....
...They’re owned by a private investment vehicle called TJMT Holdings LLC, essentially an investment vehicle run by his wife Teresa and his son Michael, who hold the voting interest and decide when to sell...
...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 Ports and Maritime Organisation said it hoped the matter would be resolved as quickly as possible. Oaktree declined to comment....
...Winning the IPO was seen a big boost to the investment bank’s technology franchise, having lost out to Morgan Stanley on the $16.1bn Facebook IPO in May 2012....
...Others, such as HSH, are brokering deals to sell their debtors' loan portfolios directly to shipping businesses, such as its December sale of 10 vessels to Navios Maritime, a New York-listed ship owner....
...Halvor Sveen, who is setting up Maritime & Merchant, a boutique shipping bank in Norway, says a move of less than one percentage point in global economic output “would make a huge difference to the industry...
...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 fate of one of the world’s largest oil tanker owners remained unclear on Wednesday ahead of the expiry on Thursday of waivers allowing New York-listed General Maritime to breach a series of clauses in...
...There’s also a small farmers’ market run by the organic food co-op LavkaLavka and a bakery, both in decommissioned shipping containers (a nod to the site’s maritime heritage); a burgeoning vegetable garden...
...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...
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