Austal Acquires BSE Maritime Solutions
Australian-based shipbuilding group Austal said it has entered into an agreement to acquire compatriot ship repair and support business BSE Maritime Solutions Group.BSE Maritime Solutions, which operates in Cairns and Brisbane, serves defense, commercial, tourism and luxury vessel customers, including Australian Border Force, BAE Systems, Thales and Svitzer. The deal, which comes at an enterprise value of A$27.5 million (US$19.6 million), aligns with Austal’s strategy to continue building the its key support business…
Security: Security of Ports and Vessels: A New Approach
Clearly, the maritime industry is one of the most powerful drivers of international commerce and economic vitality in the world. • The worldwide fleet of marine containers - a transportation cargo unit that can hold up to 500 computer monitors - is nearly 11 million. • The European Union, which is the main trading partner for two thirds of the world, in 2001 exported EUR 981 billion and imported EUR 1,027 billion. • The global ocean-liner shipping industry owns approximately $155 billion in vessels, containers, marine terminals and other direct operating assets now in service around the world. • Almost 16 million Americans work in port-related jobs, producing $210 billion in federal, state and local taxes annually.