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Tuesday, October 27, 2020

Apollo News

Photo: Scorpio Bulkers Inc.

Scorpio Bulkers Gets New Build Financing form Nordic Banks

Scorpio Bulkers announced that it has received a commitment from Nordea AB (publ), acting through its New York branch, and Skandinaviska Enskilda Banken AB (publ) for a loan facility of up to $184.0 million.The loan facility will be used to finance up to 60% of the fair market value of six Ultramax dry bulk vessels (SBI Athena, SBI Thalia, SBI Zeus, SBI Hera, SBI Poseidon and SBI Apollo) and six Kamsarmax dry bulk vessels (SBI Conga, SBI Bolero, SBI Sousta, SBI Rock, SBI Reggae and SBI Mazurka).The loan facility…

Image: Wison Offshore & Marine

Wison Bags FEED Contract for FLNG Project from Western LNG

Wison Offshore & Marine and Western LNG signed a technical service agreement (TSA) for the new floating liquefied natural gas (LNG) project that Western is developing in British Columbia, Canada.Pursuant to the TSA, Wison will develop the basis of design (BOD) and carry out front-end engineering design (FEED) for the proposed FLNG to be sited at the proposed facility.Western has also agreed to the appointment of Wison as the EPC service provider for the floating liquefaction plant upon project FID.Under the terms of the TSA…

(Photo: Ceva Logistics)

Ceva Logistics Aims for Pre-summer IPO

Ceva Logistics aims to list on the stock exchange before the European summer as its private equity owner Apollo hopes to take advantage of buoyant stock market valuations, people close to the matter said. Apollo is working with Rothschild as advisor and has mandated Morgan Stanley and Credit Suisse to act as global coordinators for the planned initial public offering (IPO), which may value Ceva Logistics at around $3 billion including debt, the sources said. Apollo, Ceva Logistics and the banks declined to comment.

Remi Eriksen, CEO, DNV GL. (Photo: DNV GL)

DNV GL & “The Future of Spaceship Earth”

At a presentation this morning at the United Nations in New York, Remi Eriksen, CEO, DNV GL led a presentation on “The Future of Spaceship Earth,” a global forecast on the outlook for the world to 2050. The skinny: The world needs to move further, faster on multiple fronts to ensure the sustainable future of the planet. Calling for “extraordinary action” to achieve the 17 Sustainable Development Goals (SDG’s) as presented in 2015, Remi Eriksen, CEO, DNV GL introduced “The Future of Spaceship Earth,” a global forecast on the outlook for the world to 2050, at the UN in New York this morning.

Photo Chesapeake Energy Corp

Struggling U.S. O&G Companies Eye Rare Financing Deals

Some cash-strapped U.S. oil and gas companies are considering creating an unusual layer of debt as a way of surviving the rout in oil and gas prices, according to restructuring advisors. Chesapeake Energy Corp for example is considering the strategy to swap some of its roughly $9 billion debt. Severely distressed companies may issue so-called 1.5 lien debt, sandwiched between the first and second liens, to raise new capital. Investors with a stomach for risk would get a better yield than for the top debt, and have a stronger claim than junior creditors if the company filed for bankruptcy.

Pic: Ocean Rig UDW Inc

Ocean Rig Loses Two Drilling Contracts

Ocean Rig UDW Inc., a global provider of offshore deepwater drilling services, announced  that two of its drilling contracts have been terminated. The Nasdaq-listed drilling affiliate of DryShips said that Total E&P Congo has terminated its long-term charter of the ultra-deepwater drillship Ocean Rig Apollo, which is currently deployed in Congo and will be demobilised “in due course”. As per the contract Ocean Rig is entitled to a termination fee that varies from 50% to 95% of the operating daily rate that will be payable over the balance of the contract.

Trafigura Hires Asia-Pacific CEO

Global commodities trader Trafigura said on Monday it had hired former asset manager Chin Hwee Tan as its chief executive officer for the Asia-Pacific. Tan will be responsible "for continuing the growth of Trafigura's business across the region", Trafigura said in a statement. Prior to joining Trafigura, Tan was the founder of the Asian operations of Apollo Global Management LLC, a global alternative investor with over $185 billion in assets under management, Trafigura said. Reporting by Florence Tan

NASA Recognizes Conrad for Barge Conversion

Conrad Industries, Inc. has received the NASA Space Flight Awareness Supplier Award based on its performance with the conversion of the NASA Pegasus barge. The annual award honors outstanding performance by hardware, software or service suppliers who support NASA human space flight programs. Award recipients are chosen based on their production of high-quality products, excellent technical and cost performance and adherence to schedules. The Pegasus barge was built to replace…

Jason Montague

Montague named Prestige Cruise President, COO

Norwegian Cruise Line Holdings Ltd. (Nasdaq:NCLH) announced today that Jason Montague has been named President and Chief Operating Officer of Prestige Cruise Holdings, Inc. effective today, following the resignation of Kunal S. Kamlani. Montague was instrumental in launching Oceania Cruises in 2002 and is widely regarded as one of the original co-founders of the company. "As we continue to refine the future organization, Jason stands out as a leader who is knowledgeable about the brands and is so passionate about them…

File photo

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector recovering from its worst downturn since the 1980s. Ship owners ordered large numbers of vessels between 2007 and 2009, just as the global economy sank into crisis. Prospects have brightened in recent months as world trade picks up and the ship glut is absorbed. The industry still faces a multi-billion dollar financing hole after banks…

Oceania Cruises’ MARINA at Miami

Cruise With Confidence: Cruise Lines Prosper Despite Troubles

Cruise Lines shrug off tragedy, bad publicity, new regulations and a weak economy to post impressive growth. In the year since the Costa Concordia tragedy, the cruise industry has seen a raft of new regulatory initiatives; in part developed in conjunction with industry associations. Harmonization of multiple regimes is the new mantra for industry stake-holders. In late December, the Florida-based Cruise Line Industry Association (CLIA) announced a tie-up which will result in one worldwide voice for the industry.

Deepwater Driller Ocean Rig 2012 Financial Reports

Ocean Rig UDW Inc international contractor of offshore deepwater drilling services reports unaudited losses in Q4 & year-end 2912 financial results. For the year ended 2012, the Company reported a net loss of $132.3 million, or $1.00 basic and diluted loss per share. ◦    Costs associated with the 10-year class survey for the Eirik Raude of $65.5 million, or $0.50 per share. Excluding the above items, the Company's net results would have amounted to a net loss of $66.8 million, or $0.50 per share.

Gene Kranz: Photo credit CD-adapco

NASA Flight Controller to Keynote Hi-Tech Engineering Conference

Mr. Kranz led the effort to save Apollo 13, and is a New York Times bestselling author. His book, Failure Is Not An Option (2000), chronicles his work in Mission Control, from Project Mercury through Apollo 13 and beyond. Over 75 speakers will be presenting at this year's event (in Orlando, FL on March 18) filling over 15 unique industrial sessions. The presenters come from leading companies all over the world, and include but are not limited to the following: NASA Kennedy Space Center, Sikorsky Aircraft, TLG Aerospace, Rowan Williams Davies & Irwin Inc. (RWDI), Dupont Teijin Films U.K.

Waves Break Over USS Guardian: Photo credit USN

'USS Guardian' Navy Update

The Navy has determined that  23-year old 'USS Guardian' will be dismantled & removed in sections from the reef. "Guardian is badly damaged and with the deteriorating integrity of the ship, the weight involved, and where it is grounded on the reef, dismantling in sections is the only supportable option," said Capt. Darryn James, U.S. Pacific Fleet spokesman. The first Navy contracted floating crane from Singapore is due to arrive in the next few days, and then the dismantling operation will take more than one month.

U.S. Postal Stamp: "Barge Fleeting," an aerial view of towing vessels.

Postal Service to Honor Barge Fleeting

U.S. Postal Service to dedicate Earthscapes Forver stamps to include "Barge Fleeting," an aerial view of towing vessels. WHAT: The United States Postal Service will dedicate a series of Forever Stamps entitled “Earthscapes,” one which features an aerial view of Kirby Corporation’s Apollo and Enterprise Marine Services LLC’s Taurus commercial tow boats positioning themselves against liquid tank barges in the Old River Barge Fleeting area near the Houston Ship Channel in Texas. WHEN: 2:30 p.m., Monday, October 1, 2012; the event is free and open to the public. WHO: Speakers will be William J.

A visit, board, search and seizure team from the guided-missile destroyer USS Pinckney (DDG 91) approaches a suspected pirate vessel after the Motor Vessel Nordic Apollo reported being under attack and fired upon by pirates. (U.S. Navy photo/Released)

Pirates Disrupted by USS Pinckney

Guided-missile destroyer USS Pinckney (DDG 91), assigned to Combined Task Force (CTF) 151, disrupted a group of suspected pirates close to the Internationally Recommended Transit Corridor (IRTC), south of Yemen, Dec. 19. The Merchant Shipping Industry Best Management Practices, Version 4 (BMPv4) encourages merchant vessels to register with the United Kingdom Maritime Trade Organization (UKMTO) while transiting areas known to be high risk for piracy. At approximately 8:40 a.m.…

This Day in Navy History

1813- Capt. David Porter claims Marquesas Islands for the United States. 1943 - Carrier force attacks bases on Tarawa and Makin begun. 1943 - USS Nautilus (SS-168) enters Tarawa lagoon in first submarine photograph reconnaissance mission. 1961 - At the request of President of Dominican Republic, U.S. Naval Task Force sails to Dominican Republic to bolster the country's government and to prevent a coup. 1969 - Navy astronauts CDR Charles Conrad Jr. and CDR Alan L. Bean are 3rd and 4th men to walk on the moon. They were part of Apollo 12 mission. CDR Richard F.

This Day in Navy History

1776 - Revolutionaries fight the Battle of Valcour Island on Lake Champlain, N.Y. Although defeated, the American flotilla delayed the British advance and caused it to fall back into winter quarters. 1824 - Marquis de Lafayette visits the Washington Navy Yard during his yearlong tour of America. He returned to the yard October 12, to continue his visit. 1942 - Battle of Cape Esperance begins. In the two-day battle, an American task force stops a Japanese attack on Guadalcanal and sinking two Japanese ships in the process, while losing USS Duncan (DD 485).

This Day in Naval History – May 18

1775 - Benedict Arnold captures British sloop and renames her Enterprise, first of many famous ships with that name 1798 - Appointment of Benjamin Stoddert as first Secretary of the Navy 1969 - Launch of Apollo 10, dress rehearsal for first lunar landing mission. CDR John W. Young, USN, was the Command Module Pilot and CDR Eugene A. Cernan, USN, was the Lunar Module Pilot. During the 8 Day mission, the craft made 31 lunar orbits in 61.6 hours. Recovery was by HS-4 helicopters from USS Princeton (LPH-5). (Source: Naval News Service)

This Day in Naval History – April 22

1861 - USS Saratoga captures slaver, Nightingale. 1898 - U.S. at war against Spain. 1906 - Commander Robert Peary discovered supposed Arctic Continent did not exist. 1972 - Moonwalk in the Descartes Highlands by CAPT John W. Young, USN Commander of Apollo 16. He was the ninth man to walk on the moon. LCDR Thomas K. Mattingly II, USN was the Command Module Pilot. During the 11 day, 1 hour and 51 minute mission, 213 lbs. of lunar material was collected. Recovery by HC-1 helicopters from USS Ticonderoga (CVS-14) (Source: Navy News Service)

This Day in Naval History – April 21

1861 - USS Saratoga captures slaver, Nightingale. 1898 - U.S. at war against Spain. 1906 - Commander Robert Peary discovered supposed Arctic Continent did not exist. 1972 - Moonwalk in the Descartes Highlands by CAPT John W. Young, USN Commander of Apollo 16. He was the ninth man to walk on the moon. LCDR Thomas K. Mattingly II, USN was the Command Module Pilot. During the 11 day, 1 hour and 51 minute mission, 213 lbs. of lunar material was collected. Recovery by HC-1 helicopters from USS Ticonderoga (CVS-14) (Source: Navy News Service)

This Day in Naval History – Feb. 5

1854 - Dedication of first chapel built on Navy property, Annapolis, MD 1941 - Chief Nurse Marion B. Olds and Nurse Leona Jackson, Navy, arrive on Guam. 1971 - Moonwalk by CAPT Alan B. Shepherd, Jr. USN, Commander of Apollo 14 and CDR Edgar D. Mitchell, USN Lunar Module Pilot. During the 9 day mission, 94 lbs of lunar material was collected and Shepard became the first person to hit a golf ball on the moon. Recovery was by helicopter from USS New Orleans (LPH-11). (Source: Navy News Service)

This Day in Naval History – Dec. 21

1861 - Congress authorizes the Medal of Honor, the Nation's highest award, for Naval personnel. 1943 - USS Grayling (SS-208) sinks fourth Japanese ship since 18 December. 1951 - First helicopter landing aboard a hospital ship, USS Consolation. 1968 - Launch of Apollo 8 with Captain James A. Lovell, Jr. as Command Module Pilot. During the mission Lovell was one of the first two people to see the far side of the moon. The mission lasted 6 days and 3 hours, and included 10 moon orbits. Recovery was by HS-4 helicopters from USS Yorktown (CVS-10). (Source: Navy News Service)

This Day in Naval History – Nov. 24

1852 - Commodore Matthew Perry sails from Norfolk, VA, to negotiate a treaty with Japan for friendship and commerce. 1964 - USS Princeton (LPH-5) completes 7-days of humanitarian relief to South Vietnam which suffered damage from typhoon and floods. 1969 - HS-4 from USS Hornet (CVS-12) recovers Apollo 12's all-Navy crew of astronauts, Commanders Richard Gordon, Charles Conrad, and Alan Bean, after moon landing by Conrad and Bean. (Source: Navy News Service)

This Day in Naval History – Nov. 19

1813- Capt. David Porter claims Marquesas Islands for the United States. 1943 - Carrier force attacks bases on Tarawa and Makin begun. 1943 - USS Nautilus (SS-168) enters Tarawa lagoon in first submarine photograph reconnaissance mission. 1961 - At the request of President of Dominican Republic, U.S. Naval Task Force sails to Dominican Republic to bolster the country's government and to prevent a coup. 1969 - Navy astronauts CDR Charles Conrad Jr. and CDR Alan L. Bean are 3rd and 4th men to walk on the moon. They were part of Apollo 12 mission. CDR Richard F.