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Connected Ship Market to Reach $12,262.0 Million, Globally, by 2032 at 6.3% CAGR: Allied Market Research

Retrieved on:

Monday, April 1, 2024

WILMINGTON, Del., April 1, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Connected Ship Market by Application (Fleet Operations, Vessel Traffic Management, and Fleet Health Monitoring), Installation Type (On-Board, and Onshore), and Ship Type (Commercial and Defense): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global connected ship industry size generated $6,801.3 million in 2022 and is estimated to reach $12,262.0 million by 2032, exhibiting a CAGR of 6.3% from 2023 to 2032.

Key Points:

The agreement involves collaborations with other companies to leverage Seaspan's groundbreaking Digital Holoship program for their own marine technology advancements.
This collaboration allows Alpha Ori Technologies to integrate with Vessel Insight, Kongsberg Digital's secure vessel-to-cloud data infrastructure.
In May 2021, Iridium Communications Inc. introduced Iridium Certus, a dependable satellite link facilitating uninterrupted transmission of cargo and ship tracking information.
Procure Complete Research Report (PDF with Qualitative and Quotative Data, Insights, Statistics, Tables, Charts, Figures) - https://www.alliedmarketresearch.com/global-connected-ship-market/purcha...

Connected Ship Market to Reach $12,262.0 Million, Globally, by 2032 at 6.3% CAGR: Allied Market Research

Retrieved on:

Monday, April 1, 2024

WILMINGTON, Del., April 1, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Connected Ship Market by Application (Fleet Operations, Vessel Traffic Management, and Fleet Health Monitoring), Installation Type (On-Board, and Onshore), and Ship Type (Commercial and Defense): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global connected ship industry size generated $6,801.3 million in 2022 and is estimated to reach $12,262.0 million by 2032, exhibiting a CAGR of 6.3% from 2023 to 2032.

Key Points:

The agreement involves collaborations with other companies to leverage Seaspan's groundbreaking Digital Holoship program for their own marine technology advancements.
This collaboration allows Alpha Ori Technologies to integrate with Vessel Insight, Kongsberg Digital's secure vessel-to-cloud data infrastructure.
In May 2021, Iridium Communications Inc. introduced Iridium Certus, a dependable satellite link facilitating uninterrupted transmission of cargo and ship tracking information.
Procure Complete Research Report (PDF with Qualitative and Quotative Data, Insights, Statistics, Tables, Charts, Figures) - https://www.alliedmarketresearch.com/global-connected-ship-market/purcha...

Seaspan Corporation enters new market segment with strategic order of new dual-fuel LNG Pure Car and Truck Carrier vessels

Retrieved on:

Tuesday, December 5, 2023

Hyundai Motor Group, China State Shipbuilding Corporation, LNG, Methanol, Roll-on/roll-off, Trust, Partnership, Ammonia, CEU, Transport, Hyundai Glovis, Seaspan ULC

VANCOUVER, BC, Dec. 5, 2023 /PRNewswire/ - Seaspan Corporation (Seaspan), the world-leading owner and operator of containerships, continues quality growth through the 10,800 CEU dual-fuel LNG, with ammonia and methanol ready, Pure Car and Truck Carrier (PCTC) newbuild program in partnership with a market-leading car carrier, Hyundai Glovis (Glovis).

Key Points:

VANCOUVER, BC, Dec. 5, 2023 /PRNewswire/ - Seaspan Corporation (Seaspan), the world-leading owner and operator of containerships, continues quality growth through the 10,800 CEU dual-fuel LNG, with ammonia and methanol ready, Pure Car and Truck Carrier (PCTC) newbuild program in partnership with a market-leading car carrier, Hyundai Glovis (Glovis).
As one of the world largest car carriers and part of the Hyundai Motor Group, Glovis can leverage Seaspan's proven competencies of consistent operational excellence, innovative customer partnership, and solid financial strength.
The vessels will be under long-term time charter upon delivery and, as the largest PCTCs under development to date, will bring unparalleled quality, scale, and flexibility to Glovis.
"This deal signifies our customers' trust and value of Seaspan's commitment and capability executing alternative fuel initiatives," emphasized Bing Chen, President and CEO of Seaspan.

Seaspan Corporation enters new market segment with strategic order of new dual-fuel LNG Pure Car and Truck Carrier vessels

Retrieved on:

Tuesday, December 5, 2023

Hyundai Motor Group, China State Shipbuilding Corporation, LNG, Methanol, Roll-on/roll-off, Trust, Partnership, Ammonia, CEU, Transport, Hyundai Glovis, Seaspan ULC

VANCOUVER, BC, Dec. 5, 2023 /PRNewswire/ -- Seaspan Corporation (Seaspan), the world-leading owner and operator of containerships, continues quality growth through the 10,800 CEU dual-fuel LNG, with ammonia and methanol ready, Pure Car and Truck Carrier (PCTC) newbuild program in partnership with a market-leading car carrier, Hyundai Glovis (Glovis).

Key Points:

VANCOUVER, BC, Dec. 5, 2023 /PRNewswire/ -- Seaspan Corporation (Seaspan), the world-leading owner and operator of containerships, continues quality growth through the 10,800 CEU dual-fuel LNG, with ammonia and methanol ready, Pure Car and Truck Carrier (PCTC) newbuild program in partnership with a market-leading car carrier, Hyundai Glovis (Glovis).
As one of the world largest car carriers and part of the Hyundai Motor Group, Glovis can leverage Seaspan's proven competencies of consistent operational excellence, innovative customer partnership, and solid financial strength.
The vessels will be under long-term time charter upon delivery and, as the largest PCTCs under development to date, will bring unparalleled quality, scale, and flexibility to Glovis.
"This deal signifies our customers' trust and value of Seaspan's commitment and capability executing alternative fuel initiatives," emphasized Bing Chen, President and CEO of Seaspan.

Winners for 2023 Webster Awards Announced

Retrieved on:

Wednesday, November 15, 2023

VANCOUVER, BC, Nov. 15, 2023 /CNW/ - The winners in the 14 categories for the 2023 Webster Awards, Western Canada's preeminent journalism awards, were announced this evening during a live in-person event, hosted by CHEK TV's Paul Haysom and Gloria Macarenko from CBC Radio who also conducted a fireside chat with the featured guest, veteran anchor/journalist, Lisa LaFlamme.

Key Points:

VANCOUVER, BC, Nov. 15, 2023 /CNW/ - The winners in the 14 categories for the 2023 Webster Awards, Western Canada's preeminent journalism awards, were announced this evening during a live in-person event, hosted by CHEK TV's Paul Haysom and Gloria Macarenko from CBC Radio who also conducted a fireside chat with the featured guest, veteran anchor/journalist, Lisa LaFlamme.
For those who wish to see who the finalists and winners are of the 2023 Webster Awards, and to view the finalists' work, this can be accessed now at www.jackwebster.com .
Lisa LaFlamme, featured guest at the 2023 Webster Awards- BC's best journalist celebrated.
Also, during the 2023 Webster Awards, Frances Bula was honoured as the 2023 Bruce Hutchison Lifetime Achievement Award recipient, the Global Reporting Centre was honoured as the 2023 Bill Good Award recipient, and 2023 Shelley Fralic Award recipient, Sophie Lui of Global BC, was also honoured.

Chart Industries Reports Record 2023 Third Quarter Financial Results and Completes Divestiture of American Fan for $111 million

Retrieved on:

Friday, October 27, 2023

Adjusted operating margin increased in the third quarter 2023 across all four segments when compared to the third quarter 2022 (proforma).

Key Points:

Adjusted operating margin increased in the third quarter 2023 across all four segments when compared to the third quarter 2022 (proforma).
Reported earnings per share for the third quarter 2023 was $0.05 and when adjusted for one-time costs, adjusted EPS of $1.28.
Third quarter 2023 sales of $897.9 million grew 9.8% when compared to the third quarter of 2022 (proforma) and included record sales for CTS and Specialty Products (proforma).
Third quarter 2023 backlog of $4.1 billion set a new record, following the prior historical high backlog of $3.96 billion as of the end of the second quarter 2023.

Arlington Capital Partners-Backed Pegasus Steel Announces Key Executive and Board Appointments

Retrieved on:

Wednesday, September 13, 2023

David Goggins as an independent Board member, and Matt DeMichiel as Vice President of Corporate Development.

Key Points:

David Goggins as an independent Board member, and Matt DeMichiel as Vice President of Corporate Development.
Founded by Tony Deering in 2007, Pegasus has experienced rapid growth as it has expanded into the naval and defense fabrication markets.
Arlington Capital Partners (“Arlington”) acquired the company in partnership with Mr. Deering in June 2023.
Most recently, Brian served as the first operational executive at Nexii Building Solutions, helping the startup become Canada’s fastest-ever private company to a $1B valuation.

Finalists for 2023 Webster Awards Announced

Retrieved on:

Tuesday, September 12, 2023

Plus tickets now on sale for the Nov. 14th Gala Dinner/Awards Evening

Key Points:

Plus tickets now on sale for the Nov. 14th Gala Dinner/Awards Evening
VANCOUVER, BC, Sept. 12, 2023 /CNW/ - Finalists in the 14 categories for the 2023 Webster Awards, Western Canada's preeminent journalism awards, were announced today.
All finalists will be celebrated, and the winner in each category will be announced during the November 14th Webster Awards which this year will be a live, in-person gala dinner awards evening at the Hyatt Regency, Vancouver, no-host reception 4:30 p.m. – 5:45 p.m. with dinner and the awards beginning at 6:00 p.m.
Finalists announced for 2023 Webster Awards - Nov. 14 event featuring Lisa LaFlamme
This year's event will feature Lisa LaFlamme, in a fireside chat hosted by CBC Vancouver's Gloria Macarenko.
The 2023 finalists announced today and detailed below were chosen by the Webster Awards jury, all members who are independent of the Jack Webster Foundation and its board.
Webster Award partners are Oh Boy Productions, Glacier Media, and the Vancouver Sun and Province.

KBRA Affirms Seaspan Corporation’s BB+ Issuer and Senior Unsecured Debt Ratings, and BBB Senior Secured Debt Rating

Retrieved on:

Wednesday, August 23, 2023

KBRA affirms Seaspan Corporation’s (Seaspan, or the “Company”) BB+ issuer rating and the BB+ rating on Seaspan’s $750 million senior unsecured notes due August 2029 (the “unsecured Notes”).

Key Points:

KBRA affirms Seaspan Corporation’s (Seaspan, or the “Company”) BB+ issuer rating and the BB+ rating on Seaspan’s $750 million senior unsecured notes due August 2029 (the “unsecured Notes”).
As of December 31, 2022 (FYE2022), Seaspan had 189 vessels in its fleet, including 58 newbuilds with full funding commitments delivering through December 2024.
The senior secured ratings are dependent on the issuer rating as well as the market value of the secured collateral and could be downgraded if the Facilities LTV increases significantly, reflected through fewer upward notches from the issuer rating.
The senior unsecured rating could be downgraded if the value of unencumbered assets materially declines and does not cover outstanding unsecured debt.

KBRA Affirms Atlas Corporation’s BB+ Issuer Rating

Retrieved on:

Wednesday, August 23, 2023

Professional Services, Finance, TEU, Maintenance, KBRA, St. Louis Fed Financial Stress Index, BB, Movement, Government, COVID-19, NBV, Risk, Atlas Corporation, Growth, Adjustment, APR, Security (finance), Airline, Seaspan ULC

KBRA affirms the BB+ issuer rating of Atlas Corp. (Atlas, or the “Company”), a global asset management company based in Vancouver, BC, focused on assets in the maritime sector, energy sector and other infrastructure verticals.

Key Points:

KBRA affirms the BB+ issuer rating of Atlas Corp. (Atlas, or the “Company”), a global asset management company based in Vancouver, BC, focused on assets in the maritime sector, energy sector and other infrastructure verticals.
Atlas’ issuer rating is primarily driven by the BB+ issuer rating of Atlas’ largest wholly-owned operating subsidiary, Seaspan Corporation (Seaspan), which accounts for the significant majority of Atlas’ consolidated business, balance sheet and earnings (representing 91% of consolidated Adjusted EBITDA in Fiscal Year 2022).
Therefore, in the absence of material debt obligations at the Atlas holding company level, the rating is closely tied to the issuer rating of Seaspan.
Atlas’ issuer rating, in the absence of material debt at the Atlas holding company level, is closely tied to the rating of Seaspan as Seaspan represents most of Atlas’ consolidated balance sheet and earnings.