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Permira Funds to Acquire Majority Stake in Boats Group from Funds Advised by Apax Partners

Boats Group, a leading online classifieds marketplace and technology provider for the recreational marine industry, today announced that a company backed by the Permira funds has agreed to acquire a majority stake in Boats Group from funds advised by Apax Partners. Financial details of the transaction were not disclosed.  Through its industry-leading brands – YachtWorld, Boat Trader, boats.com, Cosas De Barcos, Annonces du Bateau and Botentekoop – and integrated suite of data, marketing s...

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Thales Australia to deliver enhanced sonars for Collins Class Submarines

- - • Australia's Collins Class submarines will gain enhanced mine and obstacle avoidance capability under a contract signed between Thales Australia and the Commonwealth of Australia. - • The Australian designed and developed technology is tailored to the unique requirements of the Royal Australian Navy with optimised operational capability in warm shallow water. - • This contract expands upon the ongoing sonar upgrade of the Collins Class being rolled out to the fleet which includes a...

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Kalmar's Eco Reachstackers to support Piattaforma Logistica Trieste to reach its environmental goals

Kalmar, part of Cargotec, has signed a contract with Piattaforma Logistica Trieste S.r.l (PLT) to supply four Kalmar Eco Reachstackers for its new terminal in the Port of Trieste. The order was booked into Cargotec's Q4 2020 order intake and the delivery is scheduled for the beginning of Q2 2021. - - PLT is a partnership formed to build and operate a new marine terminal in the Port of Trieste, northern Italy, in a public-private partnership with the Trieste Port Authority. The port has long...

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AkzoNobel acquires New Nautical Coatings, owner of the Sea Hawk yacht coatings brand

The privately-owned company is one of the top players in yacht coatings in North America. Operating a specialized production facility out of Clearwater Beach, Florida the business is mainly active in North America, with sales also being generated in the Caribbean and Australasia. The Sea Hawk brand enjoys high customer loyalty among yacht owners, shipyards and maintenance service providers based on its premium quality and product performance. “North America is a key region for our Yacht C...

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Wärtsilä helps Wintershall Noordzee mitigate offshore hazards with next-gen marine traffic monitoring system

Wärtsilä Voyage has successfully completed its first commercial installation of the state-of-the-art  Wärtsilä Navi-Harbour WebVTS 5.0  software application. The system was ordered by Netherlands-based Wintershall Noordzee B.V. to provide greater safety for their offshore installations in the North Sea. The order was placed in Q1 2020 and the project was finalised with full customer acceptance in November. The Wärtsilä Navi-Harbour WebVTS features an early warning system to avoid collisio...

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Leonardo's acoustic sub hunter technology adds dipping sonar in new demo

- - • Designed to listen for submarines using advanced acoustic technology, Leonardo's ULISSES ensures that the sea is no place to hide - • The addition of the new Firefly dipping sonar system from L3Harris Technologies brings additional range and accuracy to the ULISSES package  - • For the demo the combined system was installed on a naval vessel while an Italian Navy NH-90 supported by dispensing sonobuoys - - - Leonardo has recently proven the newly-expanded capabilities of its ULI...

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Kalmar plans to transfer part of its crane engineering in China to Etteplan

Kalmar, part of Cargotec, plans to transfer part of its crane engineering in China to Etteplan, a globally operating engineering company. With the planned long-term agreement Kalmar aims to improve the efficiency of its crane engineering operations in China by ensuring scalability and cost competitiveness. The parties have signed an agreement regarding the services to be provided by Etteplan. As a consequence, approximately 70 Kalmar engineering employees in China are planned to move to E...

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Littoral Combat Ship 23 (Cooperstown) Completes Acceptance Trials

Littoral Combat Ship (LCS) 23, the future USS Cooperstown, completed acceptance trials in Lake Michigan. Trials included a full-power run, maneuverability testing, and surface and air detect-to-engage demonstrations of the ship's combat system. Major systems and features were demonstrated, including aviation support, small boat launch handling and recovery and machinery control and automation. Now that trials are complete, the ship will undergo final outfitting and fine-tuning before deli...

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Voith supplies propulsion system for new passenger ferries on Lake Geneva

In September 2020, Swiss ship builder Shiptec AG engaged Voith to supply the propulsion system for two hybrid passenger ferries operated by shipping company CGN SA (Compagnie générale de navigation sur le lac Léman). With the new ferries the operator aims to massively increase transport capacity between Lausanne in Switzerland and the two French towns Evian-les-Bains and Thonon-les-Bains on the south side of Lake Geneva. Due to the expected relocation of commuter traffic from the road to t...

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New intergovernmental report calls for 100% sustainable ocean management by 2025, 14 world leaders commit to increase abundance

The  High Level Panel for a Sustainable Ocean Economy  (Ocean Panel), composed of 14 serving world leaders, committed to restore and sustainably harvest their wild ocean fish stocks by 2030. An accompanying report noted that “the ocean's ability to sustainably produce food is vastly under-realised. Managed better and sustainably, the ocean could produce up to six times more food than it does today—and it could do so with a low environmental footprint.” Oceana CEO Andrew Sharpless, who par...

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Equinor and SINTEF enter into a strategic collaboration agreement

Equinor and SINTEF have agreed on a strategic collaboration in four key areas. The areas are offshore wind, marine systems, energy systems and modeling studies related to these areas. SINTEF is Equinor's biggest partner in the fields of research and technology development. Now, for the first time, the companies have entered into a strategic collaboration agreement. The purpose of the agreement is to facilitate the exchange and development of ideas and radical solutions between the two partn...

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Orange strengthens its commitment to its submarine cable business, and will build a new cable ship through its subsidiary Orange Marine

Orange Marine, a wholly owned subsidiary of Orange, will build a new cable ship that will be even more efficient and with a reduced environmental footprint. It will be the first cable ship of her generation specially designed for the maintenance of submarine cables, both fiber optic telecommunication cables and inter-array power cables used in offshore windfarms. Submarine cables are the backbone of the global internet. While careful choices of optimized routes are made and specific means...

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Inmarsat launches 2020 Superyacht Connectivity Report

Inmarsat, the world leader in global, mobile satellite communications, has published its third Superyacht Connectivity Report, focusing on the future requirements of superyacht professionals and the growing demand for advanced satellite technology to enable new ambitions of yachting freedom and adventure. Providing a state-of-the-industry assessment of satellite communications usage within the superyacht fleet, the report confirms that demand for, and spending on, very small aperture ter...

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