Empire State Stake, Melbourne Port Among Q3 Sovereign Fund Acquisitions
An Australian port and a stake in the Empire State Building's operator were among assets acquired by sovereign investors such as wealth funds and state pension funds in the third quarter of 2016, with deals totalling $21.2 billion. The combined value of deals was up 38 percent from the previous quarter, helped by a handful of jumbo-sized transactions in the infrastructure, energy and real estate segments, although the number of direct investments fell to 35 from 43 in the second quarter, according to data from Thomson Reuters.
ICTSI Donates AUD150,000 for Marine Research
Victoria International Container Terminal Ltd (VICT) recently presented Albert Park College with a AUD150,000 grant from VICT’s Community Investment Fund to fit out and resource a new Marine Research Centre at the school’s Environmental Arts Hub in Port Melbourne. The grant will also fund the scholarships of 20 students, as well as the construction of a new sustainable commercial kitchen. Photo shows students of Albert Park College accepting the AUD150,000 check. They are joined by (back row, from left): Claire Jordan-Whillans, VICT Media & Community Relations Manager; Mark Sheppard, Albert Park College School Council President; Tony Desira…
Melbourne Hosts Biggest Ship Yet
QM 2 Docks in Melbourne, South Australia The Queen Mary 2 has docked at Port Melbourne's Station Pier, soon to navigate around the continent. The luxury $800 million liner's cruise around Australia marks the longest period away from her northern hemisphere home ports of Southampton and New York.
First Ship with LRIT Compliance
International Tanker Management (ITM) managed and Marshall Islands flagged tankers MT PORT LOUIS, MT ALTIUS and the bulker MV PORT MELBOURNE reported that they have became the first vessels to be officially issued with LRIT Conformance Test Report Certification following the successful shipborne equipment conformance testing of the vessels’ Inmarsat C equipment. The event marks a milestone in the development of LRIT. ITM has been participating with the on the development of LRIT and in particular with the development of the LRIT shipborne equipment testing. The completion of the first LRIT conformance tests show the high quality and innovative operational standards of the ITM fleet.
Incat's Wave-Piercers Cross Atlantic at Record-Breaking Speeds
Incat Australia Pty. Ltd. is widely regarded as a premier builder of high-speed ferries, and that reputation was enhanced with the production of three wave-piercer catamarans, which hold the distinction of being the fastest ships ever to cross the Atlantic. The two latest, Catalonia and Cat-link V, are from Incat's line of 299 ft. wave-piercer class of fast-ferry vessels. They made their individual record-breaking journeys across the Atlantic within weeks of each other, at average speeds of 39 knots and 41 knots, respectively. The wave-piercer fast-ferry vessels have been launched from Incat docks in Hobart, Tasmania, Australia, since September 1997.
Designing A Record Breaker
Incat Australia Pty. Ltd. is widely regarded as a premier builder of high-speed ferries, and that reputation was enhanced with the production of three wave-piercer catamarans, which hold the distinction of being the fastest ships ever to cross the Atlantic. The two latest, the Catalonia and the Cat-link V are from Incat's line of 299 ft. (91 m) wave-piercer class of fast-ferry vessels. They made their individual record-breaking journeys across the Atlantic within weeks of each other, at the average speeds of 39 knots and 41 knots, respectively. The wave-piercer fast-ferry vessels have been launched from Incat docks in Hobart, Tasmania, Australia, since September 1997.
