Most people these days are aware of risks inherent in our increasingly electronic maritime industry. There is malware, ransomware, and spear phishing to name a few. But a new one has been recently identified – cosmic rays.Cosmic rays are high-energy protons and atomic nuclei which move through space at nearly the speed of light.
Private equity firm WL Ross & Co. said it has agreed to sell its approximately 39.1% equity interest in ship owner-operator Navigator Holdings to maritime and offshore company BW Group at a price of $9 per share."Navigator Holdings has been an industry leader since we made the initial investment.
Svanehøj said it has landed two major P&C pump orders in China, most recently securing a contract with GSI Shipyard on a total of 96 deepwell pumps for four new MR Tankers.Svanehøj has manufactured pump systems for P&C tankers for decades, but the segment is now becoming a significantly larger part of the business.
Oslo-listed LNG tanker operator Höegh LNG has reached an agreement with Trafigura for an extension of a charter for LNG carrier Hoegh Gannet. It also signed a new interim time charter for Höegh Gallant vessel with the same company.The existing interim LNGC time charter for Höegh Gannet vessel has been extended by 12 months.