24 Oct
2019

Euronav: Capital Increase for Maersk VLCC Fleet …

first_imgTotal subscribed capital (USD)$94,388,158.23$130,084,009.11 Total  number  of  ordinary  shares  in  issue(with voting rights)*86,840,658119,682,186 Total  number  of  outstanding  convertiblebonds maturing 2015250250 That results in the following overview: * of which 1,750,000 shares are treasury sharesAll other points on the agenda of the shareholders’ meeting were also approved.Following the USD 50 million capital increase that took place on 13 January 2014 as well as the issue of a USD 235 million 7-year bond and the signing of a commitment letter for a USD 500 million senior secured credit facility earlier this month, this approval is the last step required for the full financing of the acquisition of the Maersk Tankers fleet.The company further reports that on 20 February 2014 it has successfully taken delivery of the first vessel from Maersk: The Nautilus.Euronav, February 25, 2014 zoom Euronav said that the meeting of shareholders has approved a USD 300,000,000 capital increase against issuance of 32,841,528 new shares for Maersk VLCC fleet acquisition. Total  number  of  outstanding  convertiblebonds maturing 20185757 BeforeCurrent Total  number  of  outstanding  perpetualconvertible preferred security3030last_img read more

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24 Oct
2019

RR: The Era of Autonomous Ships Is Here and Now

first_imgThe Advanced Autonomous Waterborne Applications Initiative (AAWA), led by UK-based developer and producer of marine engines Rolls-Royce, has released a whitepaper which outlines the project’s vision of how remote and autonomous shipping will become a reality.The AAWA whitepaper explores the research carried out to date on the business case for autonomous applications, the safety and security implications of designing and operating remotely operated ships, the legal and regulatory dimensions and the existence and readiness of a supplier network to deliver commercially applicable products in the short to medium term.“This is happening. It’s not if, it’s when. The technologies needed to make remote and autonomous ships a reality exist,” Oskar Levander, Rolls-Royce, Vice President of Innovation – Marine, said at the Autonomous Ship Technology Symposium 2016 in Amsterdam.“The AAWA project is testing sensor arrays in a range of operating and climatic conditions in Finland and has created a simulated autonomous ship control system which allows the behaviour of the complete communication system to be explored. We will see a remote controlled ship in commercial use by the end of the decade.” Levander added.The tests of sensor arrays are being carried out aboard Finferries 65 metre double ended ferry, the Stella, which operates between Korpo and Houtskär, while ESL Shipping Ltd is helping explore the implications of remote and autonomous ships for the short sea cargo sector.Image Courtesy: Rolls-Roycelast_img read more

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8 Oct
2019

Space object WT1190F not sighted near Lanka

The space object WT1190F which was to crash near Sri Lankan waters this morning, was not sighted and is believed to have burnt while entering the earth’s atmosphere.Scientists had earlier said that the manmade junk, officially designated WT1190F but nicknamed WTF, will fall this morning in the sea near Sri Lanka. An international team of astronomers were using it to test emergency plans for dealing with potentially apocalyptic space objects. (Colombo Gazette) Much of the hollow object, which may be a spent rocket stage or panelling shed by a recent Moon mission, was expected to burn up in the atmosphere while a small piece was to crash near Sri Lanka.

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