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
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
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)
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.
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
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
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., 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
The U.K. Coastguard was notified of a fishing vessel in distress just before 11 a.m. this morning. The Iuda Naofa, a 23-meter Irish fishing vessel, was taking on water 48 miles north of the Butt of Lewis, the U.K Maritime and Coastguard Agency reported.
ABB has won orders worth $60 million to deliver complete electrical power plant and propulsion systems for two new vessels for Star Cruises operated by Genting HongKong and to be built by Meyer Werft at its shipyard in Papenburg, Germany. The orders were booked during 2014.
After announcing last week a new weekly barge service from Jacksonville to Puerto Rico intended to commence on January 29, Sea Star Line has restructured assets and plans to move the start of the new service forward to January 22. Sea Star is in the process of on-hiring 2
A fleet of offshore vessels operating in the North Sea rely on ZF thrusters Three years ago, North Star Shipping installed ZF thrusters in the Grampion Don, the first in a series of new Emergency Response and Rescue Vessels (ERRVs)
Finalizing an agreement to service Puerto Rico trade, Sea Star Line, LLC will lease two barges with combined additional capacity of 800 forty-foot equivalent units (FEUS). The weekly barge service, with a barge departing both San Juan and Jacksonville every Thursday
Hinode Maritime Conferences have announced their "2nd Annual Conference on the Outlook for India's Seaborne Dry Bulk Trade". Considered the largest conference in India on Dry Bulk Trade to be held on January 22, 2015 at Hotel Vivanta by Taj-President Mumbai
Star Bulk Carriers Corp. announced today that it plans to make an underwritten public offering of its common stock. The Company intends to use the net proceeds from the offering for its new building program and general corporate purposes.
Vessel sales for December 2014 (as of January 1) as prepared by Shipping Intelligence, Inc., New York. Date Reported - Vessel Name - DWT - Built - (Age) - Price in Millions USD Bulk Carriers 12/15 - BRILLIANT MOIRA - 28,384 - 14 - (0) - $18.3
A cargo-passenger vessel in Cebu was held in Cebu by the Philippines Coast Guard Saturday, January 3, for overloading passengers. M/V Graceful Star, skippered by Capt. Pretchard Gayo, reportedly departed the port of Baybay, Leyte carrying a total of 736 passengers.
(Thomson Reuters Foundation) - The morning scene is increasingly routine for Kenyans. When it's time to start the day, the power is already out. Somewhere nearby, the shell of a wrecked electrical transformer lies on its side underneath the pole where it had been fixed 20 feet off the ground.
Pentagon Press Secretary, Rear Adm. John Kirby, recently held a press briefing where he discussed the specifics of how the Department of Defense is supporting Santa Claus’ yuletide journey as he delivers gifts around the world.
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
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
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.
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