Marine Link
Tuesday, May 22, 2018

Security Dynamics Llc News

GasLog Partners Announce Closing of its IPO

GasLog

GasLog Partners LP, an international owner, operator and manager of LNG carriers, today announced the closing of its initial public offering of 9,660,000 common units representing limited partner interests (the “common units”), including 1,260,000 common units issued upon the exercise in full by the underwriters of their option to purchase additional units. The public offering price was $21.00 per common unit. The net proceeds from the offering, after deducting underwriting discounts and other offering expenses, were approximately $186 million.

USCG to Evaluate LNG suitability of Columbia River

The Coast Guard received official notification of Northern Star Natural Gas LLC’s plans on January 18, 2005. U.S. Coast Guard Sector Portland will assess safety and security issues associated with liquefied natural gas tankers traveling on the Columbia River in order to make a recommendation to the Federal Energy Regulatory Commission (FERC) regarding Northern Star Natural Gas LLC’s proposal to build a liquefied natural gas terminal in Bradwood, Oregon at Columbia River mile 38. “We plan to work very closely with local officials, our Ports and Waterways Safety Committee and the Area Maritime Security Committee in evaluating this proposal,” said Patrick G. Gerrity, Coast Guard Captain of the Port at Portland, OR.

NATO Navy Ships Refuel in Poti

(Photo: BATPETROL)

Physical bunker supplier arranged delivery of marine fuels to NATO navy ships in Poti, Georgia.Standing NATO Maritime Group Two (SNMG2) under the direction of Royal Navy Commodore Mike Utley, conducted a port visit in Poti, Georgia May 14 to May 17 with four ships from the group: Royal Navy destroyer HMS Duncan (flagship), Turkish frigate TCG Gemlik, Romanian frigate ROS Regele Ferdinand and Bulgarian frigate BGS Drazki.“In general, physical bunker supply in Georgian ports, available by tank trucks alongside berth.

Coast Guard Recommends Maine LNG Facility

The Coast Guard recommended to the Federal Energy Regulatory Commission that the waterways associated with the Calais LNG, LLC proposal to construct an LNG facility in Calais, Maine, are suitable for LNG vessel transits provided certain safety and security actions are taken as part of the permit. The Coast Guard's role in the process was to assess the safety and security issues associated with LNG tankers transiting the Passamaquoddy Bay and the St. Croix River. As part of the Coast Guard's contribution to the FERC review process, the Coast Guard Captain of the Port for Northern New England, along with key stakeholders, reviewed and validated the navigation safety and maritime security aspects of the Calais LNG, LLC proposal.

Intelsat Proposes Public Offering of Common Shares

Intelsat Global Holdings S.A. announced that it has commenced the distribution of preliminary prospectuses in anticipation of its proposed initial public offering of 21,739,130 common shares and proposed concurrent public offering of 3,000,000 Series A mandatory convertible junior non-voting preferred shares (the "Series A preferred shares"). The offerings are being made pursuant to a registration statement on Form F-1 filed with the Securities and Exchange Commission. The company has granted the underwriters in the initial public offering of common shares a 30-day option to purchase up to an additional 3,260,869 common shares. The company has granted the underwriters in the public offering of Series A preferred shares a 30-day option to purchase up to an additional 450…

Intelsat Commences Proposed IPO

Intelsat S.A. (formerly known as Intelsat Global Holdings S.A.) announced the pricing of its initial public offering of 19,323,672 common shares at a price of $18.00 per share and concurrent public offering of 3,000,000 Series A mandatory convertible junior non-voting preferred shares (the “Series A preferred shares”) at a price of $50.00 per share. On the mandatory conversion date, May 1, 2016, each Series A preferred share, unless previously converted, will automatically convert into common shares. The Series A preferred shares will have a 5.75% dividend rate and a liquidation preference of $50.00 per share. The Company has granted the underwriters in the initial public offering of common shares a 30-day option to purchase up to an additional 2,898,550 common shares.

NAO Exercises Option to Purchase Shares

Nordic American Offshore Ltd. additional 882,352 common shares. The sale of these common shares isexpected to close on June 26, 2014. After the exercise of the overallotment option, there are 23,431,370 shares in issue in NAO. The total capital inflow into NAO from the Initial Public Offering and the exercise of the overallotment is in total about $100m. The company intends to use the net proceeds of this offering for acquisitions and general corporate purposes, including working capital. Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and DNB Markets, Inc. are acting as joint book-running managers. In addition, Global Hunter Securities, LLC is acting as a co-manager for the initial public offering.

Cyber-defense Capable TACLANE-10G Encryptor

Cyber Defense Cover TACLANE 10G

General Dynamics Mission Systems' new TACLANE®-10G (KG-175X) in-line network encryptor is now certified by the National Security Agency (NSA) to secure information at the Top Secret level and below. The NSA certification authorizes U.S. government organizations to order the new 10G encryptor. "The NSA certification of TACLANE-10G is another step forward for General Dynamics Mission Systems' cyber defense capabilities. General Dynamics keeps our customers connected while ensuring their security and advancing their operations.

General Dynamics Fidelis Cybersecurity Solutions Tie-up with Microsoft

General Dynamics Fidelis Cybersecurity Solutions announced that it has joined the Microsoft Active Protections Program (MAPP). Under this industry partnership program, General Dynamics Fidelis will receive advanced information from Microsoft about their monthly security bulletins, allowing the team to anticipate emerging threats and provide faster and more comprehensive protection for Fidelis XPS customers. “In today’s fight against advanced cyber adversaries, it’s important that we arm our customers with the best defense possible, and collaboration across the entire cybersecurity community is a critical part of that defense,” said Peter George, president, General Dynamics Fidelis Cybersecurity Solutions.

Security Dynamics to Expand Consulting Services

In response to dangerous and escalating terrorist threats directed at both the private and public sectors, Security Dynamics LLC – a counterterrorism and risk management consultancy – is expanding in size and scope, according to Chairman and President Kim E. Petersen. The Florida-based firm's enhanced focus will include intermodal transportation, energy and petrochemical facilities, hotels and the hospitality industry, and schools and universities. Security Dynamics LLC, a strategic security and risk management advisory firm renowned for its team of counterterrorism and risk management experts, is increasing its global scope of operations in response to rapidly evolving terrorist and criminal threats, it was announced today by Kim E. Petersen, the firm’s Chairman and President.

New Senior Advisors at Security Dynamics

Bryan Edwards

Security Dynamics LLC, a global security and risk management advisory firm, added three new Senior Advisors to its team of Subject Matter Experts. The news was announced by Kim E. Petersen, the firm’s Chairman and President. The new Senior Advisors will compliment Security Dynamics’ current team of experts bringing with them decades of career experience in intelligence, homeland security, infrastructure protection, intermodal transportation security and law enforcement training.

Invizeon Hires Kevin Walker to Lead Two Subsidiary Firms

Invizeon Corporation has appointed Kevin Walker as the Chief Operating Officer for two of its subsidiaries: Seafaring Security Services, LLC and Slipstream Resources, LLC. Mr. Walker was previously Vice President and General Manager of ACADEMI, a security, training, and logistics services provider to the U.S. Government, international and domestic military & law enforcement agencies, and numerous commercial customers. While at ACADEMI he successfully led the company’s flagship Training Services business unit. Prior to ACADEMI, Mr. Walker spent more than 15 years in the semiconductor and telecom industries driving operations, manufacturing, R&D, logistics and supply chain. Most notably with Ericsson of Stockholm, Sweden and Standard Microsystems Corporation (SMSC) on Long Island, New York.

Carlyle, Riverstone to Invest $450M in Oil and Gas Firm

The Carlyle Group and a New York-based private equity firm have committed a $450m investment to Dynamic Offshore Resources LLC, a new oil and gas company that will focus on the acquisition and development of producing properties in the Gulf of Mexico, the Washington Business Journal reported. Joining D.C.-based Carlyle in the Dynamic Offshore Resources investment is Riverstone Holdings LLC, a private equity firm founded in 2000 that focuses on certain parts of the energy industry. Riverstone has committed more than $6 billion, to date, in more than 41 investments. The founders and management team at Dynamic Offshore Resources also plan to invest up to an additional $50m in the firm.

TransVoyant Combines & Renames Subsidiaries

“Last summer, we acquired several companies specializing in geospatial intelligence, logistics technology, and real-time risk decision-making,” stated Dennis Groseclose, President of TransVoyant. “TransVoyant combines the proven technology and global logistics knowledge of Portal Dynamics and the unique qualities of ObjectFX geospatial and decision-support technology. Founded by a team of government and commercial-industry veterans with deep technology experience and a track record of success in bringing new products to market, TransVoyant helps clients solve their most difficult challenges in global data intelligence environments through visionary and industry-leading solutions.

General Dynamics Awarded Navy IT Contract

General Dynamics Information Technology, a business unit of General Dynamics, was awarded a contract by the U.S. Naval Sea Systems Command to provide enterprise IT and cybersecurity services to the Naval Surface Warfare Center (NSWC) Crane Division. The single-award, task order contract has a potential value of approximately $81.3 million for five years. General Dynamics along with Purdue University and 10 Indiana-based companies will provide the NSWC Crane Division with enterprise IT service management, cybersecurity, systems engineering, data protection, cross domain security and information exchange and technical advisory services management. Work on this contract will be performed in Crane, Ind.

General Dynamics is Link Govt-level Security to Consumer Smartphone

GD Protected Samsung KNOX Smartphones

General Dynamics C4 Systems recently received the Defense Mobile Classified Capability (DMCC) contract from the National Security Agency (NSA). As part of the contract, General Dynamics will deliver up to 1,000 Samsung KNOX™-enabled Galaxy S® 4 smartphones provisioned with added GD Protected® software for the U.S. government. With these new smartphones, authorized government personnel will be able to make secure phone calls and access classified email. The GD Protected Samsung KNOX smartphones represent an important step toward the government’s Commercial Solutions for Classified initiative.

Secure Waters CEO Speaks on Anti-Piracy

Corey Ranslem, Chief Executive Officer of Secure Waters LLC, was invited to speak on the innovative approaches required to protect ships from the dangerous and growing trend of piracy in international waters. The international conference, Trends in Passenger Transportation Security: How Prepared are We for More Attacks?, will be held on Tuesday, Dec. 9 in San Francisco, Calif. “Security companies worldwide are rushing to the Gulf of Aden, off the coast of Somalia, to put armed teams on cargo vessels. This approach is very costly, may put ships’ crews and special operations personnel unnecessarily at risk, and does not always mitigate attacks,” commented Corey D. Ranslem, chief executive officer of Secure Waters LLC, a North Miami Beach-based maritime security company.

Container Ship Owners, Costamare, Plan NY Bourse Stock Offering

The offering is of Series C Cumulative Redeemable Perpetual Preferred Stock, par value $0.0001 per share, liquidation preference $25.00 per share. In connection with the offering, the Company intends to grant the underwriters a 30-day option to purchase additional shares of the Series C Preferred Stock. Following the offering, the Company intends to file an application to list the Series C Preferred Stock on the New York Stock Exchange. Morgan Stanley & Co. LLC, UBS Securities LLC and Credit Suisse Securities (USA) LLC are acting as joint book-running managers of the offering, which will be made under an effective shelf registration statement. Barclays Capital Inc., Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC are acting as co-managers. About Costamare Inc. Costamare Inc.

Terra-Marine Security Ops from Yemen

In late January of 2009, HP Terra-Marine International, LLC, sister company of HollowPoint Protective Services, LLC, successfully established a firm agreement and licensing from the Yemen government. As a result, HP Terra-Marine International, LLC, is now operating from several strategic Yemeni ports along the Gulf of Aden and Red Sea. These bases in Yemen allow the company to provide professional armed security personnel for onboard vessel security through the east-west route in the Gulf of Aden. HP Terra-Marine International, LLC, now provides transport by boat of security personnel to and from the client’s vessel offshore from the company’s ports of operation. (www.hollowpointprotection.com)

Horizon Lines Participates in Anti-Piracy Testing

Horizon Lines, Inc., (NYSE:HRZ) , the nation's leading domestic ocean shipping and integrated logistics company, recently participated in two separate anti-piracy system trials in an effort to better protect the lives of merchant mariners. In late July, International Maritime Security Network, LLC (IMSN) conducted safety drills and anti-piracy testing aboard the Horizon Crusader, while the ship docked in Orange, Texas. IMSN completed a test of the 'Triton Shield APS' system of deterrence and training. Included in the system drill were deterrent measures for approaching vessels, physical deterrents for potential unlawful boarders, security and fortification for the crew, and mitigating risk of penetration of the safe area. Training and education of key stakeholders was also conducted.

Euronav Announces IPO in the US

Photo: Euronav

Euronav NV announced the commencement of its underwritten initial public offering in the United States of 13,550,000 ordinary shares. The company will grant the underwriters a 30-day option to purchase additional ordinary shares representing up to 15% of the offered shares. On January 19, 2015 the closing price of the company’s ordinary shares on Euronext Brussels was $12.94 per share (based upon the Bloomberg Composite Rate of EUR 0.8604 per $1.00 USD in effect on that date). The company has been approved to list its ordinary shares on the New York Stock Exchange (NYSE) under the symbol EURN.

Euronav NV IPO in the US

EURONAV NV

Euronav NV announced today the upsizing and pricing of its initial public offering in the United States. The size of the offering has been increased from the initially announced 13,550,000 ordinary shares to 16,260,000 ordinary shares at an issue price per share of USD 12.25 for gross base proceeds of USD 199,185,000. The Company has granted the underwriters a 30-day option to purchase up to an additional 2,439,000 ordinary shares. The Company’s ordinary shares offered in the…

GasLog to List on NY Bourse

Image courtesy of GasLog

LNG carrier owners and operators, GasLog Partners LP, inform it has priced its initial public offering of 8,400,000 common units representing limited partner interests at $21.00 per common unit. The common units will begin trading on the New York Stock Exchange on May 7, 2014 under the ticker symbol “GLOP”. The offering is expected to close on May 12, 2014. The underwriters have a 30-day option to purchase up to 1,260,000 additional common units from the MLP at the initial public offering price.

Maritime Reporter Magazine Cover May 2018 - Marine Propulsion Edition

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