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Globalstar has announced its Q2 financial results, showing a decrease in service revenues from $21.5 million to $20 million compared to Q2 2006, and a net loss of $12.7 million compared to $0.8 million.
Inmarsat has announced that its 10,000th Fleet 77 terminal has been activated on the new-build Samco Europe.
PC Maritime has released a new marine diesel engine diagnostic simulator, the Turbo Diesel 4, a PC-based training program that allows users to train in all aspects of engine operation and maintenance.
Peter Döhle Schiffahrt, the Hamburg-based fleet operator, has signed a new contract with Sperry Marine to cover all shipboard service, support and maintenance for bridge navigation and communication electronics aboard its fleet.
Inmarsat has confirmed that the last of its three I-4 next generation satellites will be launched from the Baikonur Cosmodrome in Kazakhstan in March 2008.
Irish maritime GSM provider Blue Ocean Wireless (BOW) has announced that SMART Communications, a Philippines-based wireless services provider, has agreed to acquire a 30 per cent equity interest in BOW for $15.9 million. The investment now values Blue Ocean Wireless in excess of $55 million.
Globe Wireless has announced the signing of an Asset Purchase Agreement whereby it will acquire all of the assets of maritime IT company SeaWave & Rydex.
Thursday, 09 August 2007 | News

Cyprus begins work on VTS

Work has commenced on a coastal Vessel Traffic Management and Information System (VTMIS) for the Republic of Cyprus, under the terms of an agreement signed between the Department of Merchant Shipping in the Ministry of Communications and Works and Russian maritime technology company Transas earlier this year.
Shipbuilder Fincantieri Cantieri Navali Italiani S.p.A is to adopt SimEnterprise simulation technology by MSC Software across all of its company sites and extended supply chain.
Discussions at the International Maritime Organization's (IMO) safety of navigation sub-committee meetings at the end of July have failed to produce any firm decisions on whether electronic chart display information systems (ECDIS) should be made a mandatory fit for oceangoing vessels.
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