Thrane & Thrane to Breach Agreement With Nera

Tuesday, December 11, 2001
Nera ASA has been informed that Thrane & Thrane will not close the agreement relating to the sale of the Nera SatCom AS. Based on this, Nera has considered taking legal action. Nera CEO Bjorn Ove Skjeie said: “Nera’s percetion is that this is regarded as a clear breach of agreement. We consider it to be very serious that Thrane & Thrane breach an agreement which both is signed and approved by the board of directors, and which expressly obliged them to work actively to give effect to the agreement.” Skjeie regrets that the planned merger will not be carried through, as this would have been a good industrial solution. Nera SatCom will now continue as a wholly owned Nera Group company. Terje Ask-Henriksen, president of Nera SatCom states, “Nera Satcom will now focus on continued development of the company as a leading and profitable unit, with a focus on mobile satellite communications.”

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

OMB - Subchapter M Cleared for Publication

The Office of Management and Budget (OMB) completed its review of the draft final rule entitled Inspection of Towing Vessels, also known as "Subchapter M." The

Tanker Departs Libya Empty amid Political Crisis

A tanker that an oil company set up by Libya's eastern government prevented from loading has left the eastern port of Marsa el-Hariga, a port official said on Wednesday.

Maersk Mulls Acquisitions after Surprising Profit

Fragmented sector chasing alliances to cut costs; Maersk has plenty of cash for deals - CEO. A.P. Moller-Maersk returned to profit at its main container shipping business in the first quarter,

Finance

Elandra Yachts Expands, Launches Finishing Department

Elandra Yachts has added another layer of craftsmanship to its boat-building operation with the launch of a new in-house paint department at the Gold Coast plant,

Baltic Dry Bulk Index Dips on Weak Demand

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, continued to dip on Wednesday due to sluggish demand across vessel segments.

OMB - Subchapter M Cleared for Publication

The Office of Management and Budget (OMB) completed its review of the draft final rule entitled Inspection of Towing Vessels, also known as "Subchapter M." The

 
 
Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Ship Electronics Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0781 sec (13 req/sec)