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Visit One News Page for Marine news from around the world, aggregated from leading sources including newswires, newspapers and broadcast media. Search millions of archived news headlines. This feed provides the Marine news headlines.

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    MacGregor and China State Shipbuilding Corporation (CSSC) have signed a Letter of Intent (LOI) on strategic cooperation. The LOI was signed on 29 October, 2018 at an executive level meeting in Beijing led by Lei Fanpei, the CSSC Chairman and Michel van Roozendaal, MacGregor President.

    MacGregor sees that this cooperation will further strengthen its presence in Asia and specifically in China, the world's biggest shipbuilding market. CSSC is a very important partner for MacGregor, as it is the primary shipbuilding group in China and well positioned as a global leader in the industry.

    The LOI relates to MacGregor's planned acquisition of the marine and offshore businesses of TTS Group and future cooperation potential between the two groups. The acquisition is subject to regulatory approvals in China, Germany and South Korea, and MacGregor is expecting to receive these approvals by the end of 2018.

    The mutual trust built between MacGregor and CSSC during the 30 years of partnership will be a solid foundation for the new chapter of strategic cooperation.
    *For more information, please contact:*
    Pasi Lehtonen, SVP, Marketing, Business Development & Strategy, MacGregor
    Tel. +65 91737550, email: 
    Robin Thuillier, Director, Communications, MacGregor
    tel. +65 9730 4301 email:  

    MacGregor shapes the offshore and marine industries by offering world-leading engineering solutions and services with a strong portfolio of MacGregor, Hatlapa, Porsgrunn, Pusnes and Triplex brands. Shipbuilders, owners and operators are able to optimise the lifetime profitability, safety, reliability and environmental sustainability of their operations by working in close cooperation with MacGregor.

    MacGregor solutions and services for handling marine cargoes, vessel operations, offshore loads, crude/LNG transfer and offshore mooring are all designed to perform with the sea.

    MacGregor is part of Cargotec. Cargotec's (Nasdaq Helsinki: CGCBV) sales in 2017 totalled approximately EUR 3.2 billion and it employs over 11,000 people. Reported by GlobeNewswire 3 hours ago.

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    *ERRIA A/S Announces Correction to market *
    *regarding major shareholders share part*


    In announcement no. 14 and no.15 it was mistakably stated that JPJ Invest Pte Ltd. with the issuing of 789.668 new shares done 29 October 2018 together with the shareholders old share parts would reach more than 15 percent. Correctively the shareholder holds more than 10% but less than 15%.

    In announcement no. 14 of October 2. 2018 it is written;

    *“6. Changes in Ownership*Pursuant to Section 30 of the Capital Markets Act, the Board further wishes to announce that, as a result of the share subscription described in Section 3 above, JPJ Invest Pte Ltd now holds more than 15 percent (but less than 20 percent) and C.C.N. Holding A/S less than five percent of the share capital of the Company.”

    This chapter is corrected to;


    *“6. Changes in Ownership*

    Pursuant to Section 30 of the Capital Markets Act, the Board further wishes to announce that, as a result of the share subscription described in Section 3 above, JPJ Invest Pte Ltd now holds more than 10 percent (but less than 15 percent) and C.C.N. Holding A/S less than five percent of the share capital of the Company.”

    In announcement no. 15 of October 29. 2018 it is written;

    “The Board has today October 29 2018 used its mandate given in Articles of Associations §19 to issue 789,668 new shares to JPJ Invest Pte. Ltd whom now owns more than 15 percent of the share capital of the Company.”

    This passus is corrected to;“The Board has today October 29 2018 used its mandate given in Articles of Associations §19 to issue 789,668 new shares to JPJ Invest Pte. Ltd whom now owns more than 10 percent of the share capital of the Company.”

    Peter Kristian Ellegaard                                       Henrik N. Andersen
    Chairman of the Board                                        Group Chief Executive Officer

    For further information, please contact Henrik N. Andersen by phone at +45 3336 4400.



    *Headquartered in Denmark, ERRIA A/S is an international marine and logistics services company with operations in Denmark, Vietnam, Cambodia, Ghana and Venezuela.  With nearly 300 employees and associates across the world, the Erria Group every day serves the needs of container shipping companies, ship owners and several other actors in the shipping and logistics sector.  The Erria A/S stock is traded at the NASDAQ First North Denmark platform (Bloomberg code: ERRI:DK – **ISIN: DK0060101483)**.*





    *Certified Adviser*
    Peter Høgsted
    Kapital Partner ApS
    Havnegade 39
    1058 Copenhagen K
    Phone +45 8988 7846 Reported by GlobeNewswire 52 minutes ago.

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    Supervisory Board of OÜ TS Laevad, the subsidiary company of AS Tallinna Sadam, has decided to appoint Guldar Kivlo as new member of the Management Board of OÜ TS Laevad as of 09.12.2018. The service contract of Mart Loik, the current member of the Management Board of OÜ TS Laevad, will end on 08.12.2018.

    Guldar Kivro joined OÜ TS Laevad in June 2016 as a captain-project manager of the construction of new ferries and has been the captain of the m/v TIIU since the arrival of the ferry on the line. Guldar Kivro will be responsible for shipping.

    Tallinna Sadam is one of the largest cargo- and passenger port complexes in the Baltic Sea region, which in 2017 serviced 10.6 million passengers and 19.2 million tons of cargo. In addition to passenger and freight services, Tallinna Sadam group also operates in shipping business via its subsidiaries – OÜ TS Laevad provides ferry services between the Estonian mainland and the largest islands, and OÜ TS Shipping charters its multifunctional vessel m/v Botnica for icebreaking and construction services in Estonia and offshore projects abroad. Tallinna Sadam group is also a shareholder of an associate AS Green Marine, which provides waste management services. Tallinna Sadam group's sales in 2017 totaled EUR 121.3 million, adjusted EBITDA EUR 66.5 million and net profit EUR 26.4 million.

    Additional information:

    Marko Raid
    Member of the Management Board
    AS Tallinna Sadam Reported by GlobeNewswire 32 minutes ago.

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    KEMP, Texas, Oct. 30, 2018 (GLOBE NEWSWIRE) -- Industrial lighting leader, Larson Electronics LLC, has released an emergency explosion proof LED paint spray booth light fixture that provides operators in hazardous environments powerful, energy efficient illumination, that features a 90-minute emergency backup battery. This four-foot two-lamp fixture operates on 125V DC and is rated for Class I Division 1 &2 and Class II Division 1 & 2 areas, and holds a paint spray booth certification, making it ideal for paint booths, oil rigs, offshore applications, petrochemical, manufacturing, chemical storage and more.The EPL-EMG-48-2L-LED-125VDC from Larson electronics is an emergency LED light United States and Canada approved Class 1 Division 1 & 2 and Class 2 Division 1 and 2 for areas where flammable chemical/petrochemical vapors exist or have the potential to. This LED two-lamp fixture provides 7,000 lumens of high-quality light drawing just 56 watts. This two-lamp explosion proof LED linear fixture is lighter in weight, has a slimmer profile, and produces more light than traditional explosion proof fluorescent fixtures. The four-foot-long T6 LED tube design bulbs included with this unit are rated at 50,000 hours of service life, which is over twice as long as standard T8 bulbs. This LED produces a 150º degree beam spread and has a standard 5600K cool white color temperature to produce colors and details more accurately than traditional luminaries.

    This explosion proof fixture has an integrated emergency ballast which continues to run one of the two lamps or 90 minutes at 3,500 lumens. Once regular power is restored the battery recharges itself.

    This lightweight low-profile explosion proof LED is compact and built with extruded aluminum. The fixture is Marine approved and NEMA 4X and IP67 rated, making it dust-proof and protected against high pressure jets and temporary submersion, as well as resistant to vibration and impacts. The EPL-EMG-48-2L-LED-125VDC is offered with suspension pendant mounting or surface mounting options. This light operates on 125V DC.

    “This LED fixture provides reliable, durable and safe power to hazardous locations, with maximum efficiency due to the third generation LEDs, and emergency backup,” said Rob Bresnahan, CEO of Larson Electronics LLC. “The emergency battery ensures this light will continue to run at half capacity in power outage situations.”

    *About Larson Electronics LLC:* Larson Electronics LLC is a manufacturer of industrial lighting equipment and accessories. The company offers an extensive catalog of industry-grade lighting and power distribution products for the following sectors: manufacturing, construction, food processing, oil and gas, military, marine and automobile. Customers can benefit from the company’s hands-on, customized approach to lighting solutions. Larson Electronics provides expedited service for quotes, customer support and shipments.

    *For further information, please contact:*
    Rob Bresnahan, *President and CEO
    *Toll-free: 1-888-351-2363
    Int’l: 214-616-6180
    Fax: 903-498-3364

    Photos accompanying this announcement are available at: Reported by GlobeNewswire 32 minutes ago.

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    This series has explored the damaging effects of warming waters in the world's oceans on marine life – and human life. Stressed by this climate change hidden beneath the waves, fish and other marine species are facing enormous disruption. Reported by Reuters India 18 hours ago.

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    This project began with a little moment: Reporter Maurice "Mo" Tamman, who lives on a sailboat in New York Harbor, noticed fish in nearby waters that were normally found farther south. He started digging into the data, and he discovered that marine creatures are fleeing warming seas, in an epic underwater refugee crisis. Reported by Reuters India 17 hours ago.

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    SUZHOU, China, Oct. 30, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- PEACE Cable International Network Co., Ltd, a subsidiary of HENGTONG, is pleased to announce today, in conjunction with Huawei Marine Networks Co. Ltd, that the PEACE Cable project has entered into the cable and material manufacturing stage. The PEACE Cable system spanning 12,000 km will connect Asia, Africa and Europe and is targeted to be ready for service in the first quarter of 2020.Once completed, the high-speed, 200G, 16Tbps per fiber pair PEACE Cable system will offer the shortest routes from China to Europe and Africa, dramatically reducing latency and providing a new information expressway for interconnection between the regions. The system’s open access and carrier neutral data centers will have a big impact in the countries connected to the cable system.

    This project’s cable had been awarded to HENGTONG, whose submarine cables have been applied globally in recent years, including in the FOA project in Chile, the PNG project in Papua New Guinea, Avassa project in Comoros, the NaSCOM project in the Maldives, the Megacable project in Mexico and the IGW project in Peru, etc.

    Sun Xiaohua, Chief Operating Officer of PEACE Cable said, “PEACE Cable has created a new business model in the submarine cable industry that builds a bridge for these regions’ communications and provides connectivity opportunities to players all along the route by investing in the branches and gaining bandwidth on the trunk in a more efficient way.”

    Zhang Xian Reported by GlobeNewswire 15 hours ago.

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    KEMP, Texas, Oct. 30, 2018 (GLOBE NEWSWIRE) -- Leader in industrial lighting, Larson Electronics LLC, releases a new 3 phase energy efficient isolation transformer, suitable for indoor and outdoor use. This powerful and reliable design offers environmental benefits, as well as protection against critical equipment failures. With low ownership cost, high reliability and low heat emissions, this isolation transformer is ideal for a wide variety of applications such as powering supplies for sensitive technology including computers, medical devices or lab instruments.The MT-DOE16-3P-480D-15KVA-240Y.136-N3R from Larson Electronics is an extremely energy efficient 3-phase 15kVA isolated transformer with a primary voltage of 480V Delta and 240Y/136 V Wye-N secondary voltage. The features of the unit are vast and increase the transformer’s efficiency and reliability. Each core in the transformer is engineered with non-aging, cold-rolled silicon steel laminations and coated to protect the internal components from the ingress of moisture. The cores are also electrically balanced which minimizes axial forces that occur during short circuits.

    Because the MT-DOE16-3P-480D-15KVA-240Y.136-N3R is an “isolation” transformer, it has an increased level of protection against electric shock, and can suppress electrical noise in sensitive devices, as well as transfer power between two circuits that cannot be connected. The powered device is “isolated” from the power source, and the primary and secondary power sources are isolated as well. The unit’s efficiency increasing features result in low heat emissions and ultimately low operational costs. Integrated floor and wall mounting brackets make it easy to install the unit and access power tool accessories.

    “This unit is an isolated transformer, which means it keeps power sources and devices separate,” said Rob Bresnahan, CEO of Larson Electronics LLC. “This increases reliability and enhances the unit’s protection against critical failure, making it even safe to use for a variety of purposes.”

    *About Larson Electronics LLC:* Larson Electronics LLC is a manufacturer of industrial lighting equipment and accessories. The company offers an extensive catalog of industry-grade lighting and power distribution products for the following sectors: manufacturing, construction, food processing, oil and gas, military, marine and automobile. Customers can benefit from the company’s hands-on, customized approach to lighting solutions. Larson Electronics provides expedited service for quotes, customer support and shipments.

    *For further information, please contact:*
    Rob Bresnahan, *President and CEO
    *Toll-free: 1-800-369-6671
    Phone: 214-616-6180
    Fax: 903-498-3364

    Photos accompanying this announcement are available at Reported by GlobeNewswire 13 hours ago.

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  • 10/30/18--14:58: Ship traffic, October 31
  • Ship traffic Due to arrive today SHIP FROM PORT APL Esplanade Los Angeles OAK CSCL Winter Los Angeles OAK Halifax Express Seattle OAK Henry Hudson Bridge Los Angeles SFO Horizon Enterprise Honolulu OAK Matsonia Honolulu OAK Mokihana Honolulu OAK MSC Saturn Long Beach OAK Due to depart today SHIP TO PORT CSL Tecumseh Port Unknown SFO Eastern Asia Port Unknown SCK F.D.Angelica Port Unknown SFO Maersk Altair Vostochnyy, Russia OAK Poyang Port Unknown SFO Source: S.F. Marine Exchange Reported by SFGate 11 hours ago.

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    Sen. Todd Young is an ex-Marine and staunch conservative not known for bucking President Donald Trump or the GOP party line. Except Yemen’s civil war.

      Reported by 9 hours ago.

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    MONTEREY, Calif. (AP) — Scientists exploring the sea floor off the coast of central California for deep-water coral and sponges instead found an unprecedented sight: Hundreds of octopuses tucked between rocks with their tentacles inverted and covering groups of white eggs — a posture that is common among brooding females. The cluster of more than 1,000 gray octopuses latching on to clean, dark rock was found last week in the Davidson Seamount, an underwater extinct volcano in the Monterey Bay National Marine Sanctuary, Chad King, a marine biologist at the sanctuary, said Tuesday. A submersible's camera found the creatures on Oct. Reported by 9 hours ago.

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    HOUSTON, Oct. 30, 2018 (GLOBE NEWSWIRE) -- Fairfield Geotechnologies (“Fairfield”) today announced that it has entered into a definitive agreement with Magseis ASA (“Magseis”) whereby Magseis will acquire the Seismic Technologies business from Fairfield comprising data acquisition, nodal and system sale & rental activities, including all shares in Fairfield's wholly owned UK subsidiary WGP Group (jointly the "Business") (the “Transaction”).  The name of the new business will be Magseis Fairfield. Fairfield Geotechnologies will remain privately held by the Sugahara family through Fairfield-Maxwell and focus its efforts on data licensing and data processing, as well as imaging, data analytics and data interpretation.The parties have agreed that the purchase price payable by Magseis shall be based on an enterprise value for the Business of approximately USD 233 million, which comprises a combination of cash and Magseis shares. In addition, Fairfield-Maxwell will receive five year warrants and certain rights under an earn-out payment mechanism related to a project in the Al Shaheen Oil Field located in Qatar. The final purchase price will be subject to closing working capital adjustments.

    The Transaction combines two highly complementary businesses to create a leading provider of marine seismic solutions, including Ocean Bottom Seismic (“OBS”):

    · Unmatched global presence through complementary geographical footprints
    · Combined client base comprising the world’s largest E&P companies
    · Most efficient technologies for all OBS segments and offerings
    · Demonstrated track-record and profitability
    · Solid combined backlog of more than USD 350m
    · Positioned for accelerated growth in the expanding marine seismic industry

    Fairfield Seismic Technologies is a leading provider of marine ocean bottom nodal (“OBN”) seismic systems. The Business has performed 45 OBN surveys globally since 2005 and owns an extensive portfolio of intellectual property for both OBS, land and permanent reservoir monitoring solutions. Headquartered in Houston, the Business has approximately 230 full-time employees and 250 contracted personnel.

    Byron Sugahara, Chairman of Fairfield-Maxwell Ltd, the owner of Fairfield, says, “Through Fairfield-Maxwell, my family has owned and invested in Fairfield Geotechnologies for more than 40 years. We are excited to become Magseis Fairfield’s largest shareholder given our positive outlook on the seismic services industry and confidence in the combined management team. We are also pleased that the transaction will provide Fairfield-Maxwell additional capital for potential reinvestment in Fairfield Geotechnologies’ remaining data licensing and data processing business.”

    “This transformational transaction enables Magseis to take pole position in the development of the marine seismic industry with critical mass, leading technology, modern crews and financial capabilities to capitalize on exciting growth opportunities,” says Jan Pihl Grimnes, Chairman of the Board of Directors of Magseis.

    The Chairman, CEO and President of Fairfield, Charles W. (“Chuck”) Davison, has been proposed as the new Chairman of the Board of Directors of Magseis upon completion of the Transaction. Anthony Dowd, President and CEO of Fairfield-Maxwell Ltd, has been proposed as a member of Magseis' nomination committee.

    “We are truly excited and look forward to combining with Magseis, creating a leader in the marine seismic industry on a global basis. We believe the multiple value creation opportunities afforded by the Transaction are extremely compelling and in the best long-term interest of all stakeholders, including our customers and employees,” says Chuck Davison.

    “Magseis and Fairfield Seismic Technologies combined will have the industry’s largest nodal inventory and be positioned for global operations with substantial scale advantages. The combined entity will have an excellent technology platform providing optimal ability to meet all client requirements regardless of geography, water depth and acquisition methodology,” says Per Christian (“PC”) Grytnes, Chief Executive Officer of Magseis.

    Following completion of the Transaction, the combined organization will comprise approximately 430 full-time employees and be structured in three business areas: (i) Eastern Hemisphere Operations (Headquarters in Oslo, Norway), (ii) Western Hemisphere Operations (Headquarters in Houston, USA) and (iii) Technology.

    The Transaction does not include the data licensing or data processing business of Fairfield, which will be retained by Fairfield. The Business will be carved out of Fairfield's organization and transferred into a newly incorporated company owned by Fairfield before completion of the Transaction.

    Fairfield Geotechnologies will have access to Magseis Fairfield’s equipment and services through a five-year preferred supplier agreement.


    Completion of the Transaction is conditional upon, inter alia (i) antitrust approval in the United States, (ii) Magseis being able to raise the required funds, and (iii) the general meeting of Magseis approving the share and warrant issues required for Magseis to complete the Transaction.

    Completion of the Transaction is also subject to fulfilment of certain additional conditions, such as Magseis having established, for the benefit of certain officers and employees in the Business, an incentive plan of approximately USD 7 million, Chuck Davison having been elected as Chairman of the Board of Directors of Magseis, completion of a confirmatory due diligence and no material breach of warranties, as well as certain other customary conditions.

    Major existing shareholders of Magseis representing more than 50% of the shares outstanding, have communicated their support for the Transaction and undertaken to vote in favor of the issuance of new equity and warrants, and for the election of Chuck Davison as new Chairman, at an extraordinary general meeting of Magseis (the “EGM”).

    Financing commitments for the Transaction are expected to be secured (subject to approval by the EGM) as soon as practically possible and at the latest by the end of November 2018.

    The Transaction is expected to be completed by the end of the fourth quarter of 2018.


    Thompson Hine LLP and Schjødt are acting as legal advisors to Fairfield. Crowe LLP is acting as financial due diligence advisor to Fairfield.

    Arctic Securities and DNB Markets are acting as financial advisors and Wiersholm is acting as legal advisor to Magseis. KWC is acting as due diligence advisors to Magseis.

    For further information, please contact:

    Wes Harris, Communications Advisor to Fairfield
    Tel: 281 740 1334

    Per Christian Grytnes, CEO
    Tel: +47 48 21 48 21

    Tom Henrik Sundby, CFO
    Tel: +47 47 75 44 15

    This announcement is not an offer for sale of securities in the United States or any other country. The securities referred to herein have not been registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be sold in the United States absent registration or pursuant to an exemption from registration under the U.S. Securities Act. Magseis does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States.

    Certain statements included within this announcement contain forward-looking information, including, without limitation, those relating to) forecasts, projections and estimates, statements of management's plans, objectives and strategies for Magseis, such as planned expansions, investments or other projects, management, as well as statements preceded by "expected", "scheduled", "targeted", "planned", "proposed", "intended" or similar statements. Although Magseis believes that the expectations reflected in such forward-looking statements are reasonable, these forward-looking statements are based on a number of assumptions and forecasts that, by their nature, involve risk and uncertainty. Various factors could cause actual results to differ materially from those projected in a forward-looking statement or affect the extent to which a particular projection is realized.

    No assurance can be given that such expectations will prove to have been correct. Magseis disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.


    Privately held Fairfield Geotechnologies, a pioneer and global leader in ocean bottom seismic nodal technology, designs and manufactures a complete range of revolutionary, true cable-free ZLand® and ZMarine® systems and offers expert marine acquisition and data processing services.  In addition to its extensive multi-client database in the Gulf of Mexico Shelf and Permian Basin, the Company continues to expand licensing coverage in the Lower 48 through focused investment and strategic acquisition of existing multi-client libraries. Reported by GlobeNewswire 8 hours ago.

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    Technology SummaryFor Developing a System to Survey Wildlife Habitat Using Sound Information

    TOKYO, Oct 31, 2018 - (JCN Newswire) - Fujitsu Limited today announced that, along with Fujitsu Kyushu Network Technologies Limited, it received an Award for Excellence in the 2018 Nikkei Global Environmental Technology Awards (28th Annual), held by Nikkei Inc.

    This award recognizes the development of technology to support wildlife habitat surveys, such as for endangered species of birds. By using technology to automatically and accurately detect the cries of the species targeted by the survey from recorded sound data using artificial intelligence (AI), this technology significantly reduces the number of people and time required for a survey. This therefore leads to increases in survey frequency and expansion of survey areas. The Fujitsu Group supports the preservation of biodiversity using ICT in order to create a fulfilling and sustainable society for the future.

    About the Nikkei Environmental Technology Awards

    The Nikkei Global Environmental Technology Awards, held by Nikkei Inc., recognize technological developments, research, and investigations that secure environmental sustainability through measures that include efforts to mitigate the effects of global warming, generate new energy through sustainable sources and/or conserve energy, recycle substances and resources, and preserve natural environments and ecosystems. The award recipients are selected through a comprehensive evaluation of the uniqueness, promise, and practicality of their efforts.

    Details of the Technology

    From the perspective of preserving Earth's biodiversity, there is a need to check the population status of endangered species as part of surveys of the natural environment, including environmental assessments. Currently, investigators check the populations of endangered species by entering the area and visually confirming or directly listening for the cries of the target species. This method, however, places a significant burden on investigators and makes it difficult to survey larger areas. To address this challenge, Fujitsu therefore developed software composed of the following technologies in order to automatically detect the calls of the target species by recording environmental sounds in the target survey area and analyzing the recorded sound data using AI.

    - Background noise suppression
    - Feature extraction from faint calls
    - Call evaluation using AI
    Technology Summary

    Results of Applying the Technology

    When this technology was applied in a population survey for Blakiston's fish owl, an endangered species, conducted by the Wild Bird Society of Japan, the technology provided improved detection accuracy and greater survey efficiency, including massively shortening the time required for sound data analysis, contributing to an expansion in the survey area. It is also being applied to other animals, making it possible to extend the technology to any population surveys based on tracking calls (including birds, amphibians, and marine life).

    About Fujitsu Ltd

    Fujitsu is the leading Japanese information and communication technology (ICT) company, offering a full range of technology products, solutions, and services. Approximately 140,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE: 6702) reported consolidated revenues of 4.1 trillion yen (US $39 billion) for the fiscal year ended March 31, 2018.

    For more information, please see
    This release at
    Fujitsu Limited
    Public and Investor Relations
    Tel: +81-3-3215-5259
    URL: 2018 JCN Newswire. All rights reserved. Reported by ACN Newswire 26 minutes ago.

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    By David Vergun

    As of this afternoon, a little over 1,000 troops are in place in south Texas, and that number is changing by the hour as additional forces move in place, Air Force Gen. Terrence J. O’Shaughnessy, commander of U.S. Northern Command and North American Aerospace Defense Command, said at a Pentagon news conference.

    That number will reach 1,800 from seven installations over the next two days, O’Shaughnessy said.

    There are also 870 troops who will be part of a headquarters, led by Army Lt. Gen. Jeffrey S. Buchanan, commander of U.S. Army North, O’Shaughnessy said. Its command post will have the ability to move forward, as needed, and there could be more than one.

    The Defense Department is working with the Department of Homeland Security and U.S. Customs and Border Protection on several fronts, O’Shaughnessy said.

    First, the DOD, along with DHS and CPB “is working to better understand the nature and makeup of the caravan” that is streaming northward through southern Mexico, he said. Indications are that these groups are different from past migrations in the elevated level of violence exhibited.

    *Manpower, Capabilities*

    Second, DOD is constantly being updated on manpower and capabilities that DHS and CPB will be needing. The planned 5,239 active-duty service members participating in Operation Faithful Patriot, who will be in place by next week, will likely increase, he said.

    However, a recent media report of 14,000 active-duty members is not in line with planning numbers and is erroneous, he said.

    Troops will be billeted in specific locations and will fan out along the border as needed in Texas, Arizona, California as well as New Mexico, O’Shaughnessy said.

    U.S. troops are being extensively briefed on rules of engagement, he said, noting that the rules of engagement are “similar to if we were going to any place in the United States.”

    He added: “We have the most disciplined force in the world. … Every soldier, sailor, airman and Marine going in there fully understands the rules of the use of force.”

    Numbers of active-duty troops currently in Texas or en route include:

    – 421, Fort Knox, Kentucky;

    – 260, Fort Campbell, Kentucky;

    – 110, Fort Riley, Kansas;

    – 40, Fort Carson, Colorado;

    – 12, Joint Base Lewis-McChord, Washington;

    – 10, Fort Bragg, North Carolina; and

    – 7, Fort Stewart, Georgia.

    Units could not be named because of operational security, he said.

    Troops going to Arizona and California will follow the deployment to Texas, he added. Reported by Eurasia Review 5 hours ago.

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    Launch of Token Day in Singapore to bring cryptocurrency to the masses The first-time cryptocurrency can be used in a retail setting on a large scale in Singapore

    SINGAPORE, Oct. 31, 2018 /PRNewswire/ -- Today, in celebration of the 10^th year anniversary of cryptocurrency, Bizkey is launching 'Token Day' in Singapore. Held from October 31^st to November 18^th, Token Day is a campaign to familiarize the public with cryptocurrency in a retail setting. During this period, 30 retailers clustered around Chinatown in Singapore will accept various cryptocurrencies as payment. The public can use Bizkey's intelligent blockchain point-of-sale (POS) device to pay with various cryptocurrencies including Ethereum (ETH), Binance Coin (BNB), Aelf coin (ELF) and Zilliqa coin (ZIL) at participating retailers. Among the retailers are SK Jewellery, Koryo Mart, and Hotel 1887. See Annex 1 for full list of retailers.  

    Singapore has been somewhat of a cryptocurrency capital ever since the Monetary Authority of Singapore (MAS) issued guidelines in November 2017 differentiating between security tokens, a tokenized form of equity, and utility tokens, a tokenized coupon representing prepaid access to a product or service. According to PwC, there were 56 Initial Coin Offerings (ICOs) which closed in Singapore in the first 5 months of 2018 raising over 1 billion USD, comparing well to 35 ICOs raising 641 million USD during the entire 2017. Despite the thriving blockchain startup ecosystem, Singapore has not yet seen widespread cryptocurrency payment adoption among local merchants.

    However, cryptocurrency has the potential to revolutionize the retail sector by tackling problems such as payment fraud, money transfer delays, logistics, and accounting. With Token Day, Bizkey aims to bring retail merchants into the digital era by demonstrating the ease, convenience, and security of accepting cryptocurrency. Bringing cryptocurrencies to the masses is in line with Singapore's Smart Nation efforts and bid to become a fintech hub.

    "Although cryptocurrency was first invented 10 years ago, very few people in the world have the chance to actually use it to buy products and services. We want to change this through Token Day, which will be the first time that retailers in Singapore will accept cryptocurrency as payment, on such a large scale. In Singapore, we estimate there are about 10,000 to 15,000 people who own cryptocurrency, who are likely to be tech-savvy males in their mid-20s to early 40s. We hope these individuals and the wider public will be keen to try out the novelty of being amongst the pioneering cryptocurrency spenders in Singapore," said Ken Huang, Co-founder and CEO of Bizkey.

    One of the notable retailers participating in the Token Day is Hotel 1887, a popular tourist hotel located in heart of Chinatown district. Jonathan S., the Head of Operations in Hotel 1887, commented: "We want to expand our payment options and cater to the needs of different customers, including cryptocurrency holders. Tourists can also enjoy the benefit of cryptocurrency payment as it allows for hassle-free, cross-border payments with low transaction fees."

    Event: Token Day
    Organizer: Bizkey
    Co-Organizer: Cointime
    Supporting Organizer: BitTemple
    Official Exchange Partner: DigiFinex
    Sponsors: BiMoney, Digital Diamond Foundation
    Official Media Partners: Mars Finance, Bishijie, TheNews.Asia
    Official Exchange Partner: DigiFinex

    Find out more about Token Day at
    Telegram (EN):

    - End -

    For media enquiries please contact:
    Chan Yiu Lin
    Greener Grass Communications (For Bizkey)
    Mobile: +65 9-765 5897

    *About Bizkey*

    Bizkey has developed a feature-ready platform, introducing intelligent blockchain-based point-of-sales (POS) systems that support all forms of fiat and crypto payments. By acting as a digital currency wallet, this will empower businesses and bring them into the digital era. Bizkey already has over 500,000 merchants signed onto their platform.

    For more information, visit

    *Annex 1 -- List of retail merchants participating in Token Day 2018*

    1)    SK Jewellery
    2)    Hotel 1887
    3)    18 Hours (bar)
    4)    Koryo Mart -- Bukit Timah
    5)    Koryo Mart -- Tanjong Pagar
    6)    Koryo Mart -- Telok Ayer
    7)    Koryo Mart -- Marine Parade
    8)    Koryo Mart -- Somerset
    9)    Koryo Mart -- Compass One
    10)  Koryo Mart -- Northpoint City
    11)  Ju Fu Lou Xian Cuisine
    12)  Manchu Restaurant chinatown
    13)  BangBang Seafood BBq
    14)  Chilli Up HuNan Cuisine
    15)  Hi Chuan Chuan
    16)  Steam Stone Fish
    17)  Li Xiang Lan
    18)  Steamov
    19)  Xiao Mu Deng Traditional Hot Pot
    20)  Li Ji Chuan Chuan Xiang chinatown
    21)  Frog Meat & Fish Head
    22)  Old Chengdu SiChuan Cuisine
    23)  Yue Long Men Hotpot
    24)  Xiao jun gan chuan chuan xiang
    25)  Hao Lai Wu Steamboat & BBQ
    26)  Gourmet Garden
    27)  Small Seafood
    28)  Lao Si Chuan Dou Hua Zhuang
    29)  Xie Lao Song
    30)  Yu Cun Kitchen

    Logo -

    Related Links : Reported by PR Newswire Asia 4 hours ago.

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    JAKARTA, Oct 31, 2018 - (ACN Newswire) - Wintermar Offshore Marine (WINS.JK) has announced 9M2018 financial results. WINS 9M2018 gross profit jumped to US$4.6 million from only US$0.5 million in 9M2017, as revenue rose 14%YOY to US$50 million for the period, driven by improved high tier vessel utilisation.

    The uptrend in oil prices has spurred more drilling activity, pushing average utilisation of the fleet to over 62% for the first 9 months of 2018 compared to 58% in the previous year. In the High Tier vessel segment, vessel utilisation was 75% for 9M2018 compared to only 53% for the same period last year. This contributed to a gross profit margin of 9.2% for 9M2018 compared to only 1.2% for 9M2017.

    Owned Vessels Division

    Owned vessel revenue was driven by the award of new contracts for high tier vessels although the term of these contracts remain relatively short. Total revenue for this division rose by 20% YOY to US$40.4 million in 9M2018. Tendering activity has continued to be robust in the quarter with US$14.4 million of net new contracts won.

    Total direct expenses rose by 5% YOY to US$37.4 million due to higher utilisation and expenses incurred to bring our vessels into working condition after a period of warm lay up where direct cash costs were kept to a minimum. The highest increase in cost was for fuel bunker, where in addition to a "wet contract" where the fuel cost is borne by the vessel owner, some one-off mobilisation costs caused fuel expense to jump to US$3.2 million for the nine month period in 2018 compared to only US$0.6 million in 9M2017. Operational costs rose 14% YOY to US$3.3 million.

    Gross Profit from Owned Vessels was US$ 3.0 million for 9M2018, compared to a gross loss of US$0.8 million for 9M2017.

    In addition to providing supply services for oil rigs, our vessels are increasingly being marketed to work for other types of services including supporting underwater surveys, geotechnical surveys, remote operated vehicles (ROV) and air diving. The higher oil price and weak Rupiah has increased the urgency to increase domestic oil production. During 3Q2018, there was better utilisation of the high tier vessels for rig moves and survey work, with a noticeable increase in demand for PSVs.

    Although we had sold two FMPVs from FOI at the end of 2Q2018 in our deleveraging exercise, the owned Vessel Revenue did not decline significantly as the impact of the loss of the two vessels was offset by new contracts won for the remaining fleet.

    Chartering and Other Services

    The Chartering Business has not recovered as quickly as the Owned Vessels segment. Chartering Revenue fell 19% YOY to US$5.9 million resulting in 9M2018 Chartering Gross profit of US$0.5 million, a decline of 29% compared to 9M2017. Gross Profit from Other Services remained robust at US$1.1 million as there were more value added services in line with higher utilisation of our vessels.

    Indirect Expenses and Operating Profit

    During 9M2018, management continued to keep a very tight control over indirect costs, resulting in indirect expenses which stayed around the 9M2017 level of US$5.4 million. Most indirect expenses reduced apart from staff expenses, which rose 11% to US$3.5 million as we started to build up a stronger core team to prepare for higher utilization ahead. Depreciation also rose as we opened a new location this year for crew training.

    The operating loss for 9M2018 of US$0.9 million has shown a substantial improvement compared to the operating loss of US$4.9 million recorded last year for 9M2017.

    Other expenses and interest bearing debt

    As there was a strong drive to reduce debt through debt repayment and sale of vessels, interest expenses fell by 22% to US$ 4.5 million. Loss from share of earnings of Associated Companies was much higher at US$2.2 million in 9M2018 compared to US$0.7 million in 9M2017.

    Net loss attributable to Shareholders narrowed to US$ 7.5 million for 9M2018 compared to US$9.7 million in 2017.


    EBITDA for 9M2018 rose 23%YOY to US$ 19 million for the period, in line with better revenue and cost management, enabling the Company to reduce bank debt by US$ 16.9 million and bring down net gearing to only 34% by end September 2018.

    Oil and Gas Industry

    The global oil and gas market has swung from fears of oversupply to fears of supply shortages as US sanctions on Iran and Venezuela impact supply from those producers. The price of Brent crude oil to reach above US$80/barrel for the first time since the oil crisis began in October 2014. Optimism that oil prices are staying high has led to more investment in upstream oil and gas. South East Asia has seen a good recovery in drilling, in particular in Malaysia. Even in Indonesia, tendering activity has increased again.

    Saudi Arabia and Russia have agreed to cooperate to achieve balance in the global market for crude oil, which we understand will maintain oil prices in the current trading range as production levels will be balanced with world demand.

    The strong oil prices are triggering a recovery in upstream spending and we expect stronger OSV demand next year as more projects should be activated. In Indonesia, the higher oil price is a double edged sword as the country requires crude imports to meet demand, therefore higher oil prices add to the pressure on the currency. The government is therefore more adamant to urgently increase domestic oil production and we are optimistic that domestic upstream investment will receive priority in the coming election year.

    Outlook for Offshore Support Vessels (OSV)

    Globally, there has been a distinct uptrend in tendering activity as upstream spending has increased in response to the firmer oil price. However, despite better utilization of OSVs, charter rates are still not rising due to excess supply. Many oil companies have started to issue long term tenders to lock in the current low charter rates and there is more interest in OSVs in the North Sea, the Middle East, East Africa, and Malaysia.

    In Indonesia, Pertamina Hulu Energi (PHE) has taken over several expiring concessions from multinational oil companies, and has been putting out more tenders for work, although several longer term tenders have been delayed for various technical reasons.

    There are more sale and purchase transactions recently for second hand OSVs but we expect that many of the laid up vessels will not be reactivated as the low charter rates do not make it viable to spend the amounts required for reactivation. This means the excess supply may be absorbed sooner than expected. In Indonesia, cabotage laws and the low charter rates may also deter new entrants in the OSV market.


    In anticipation of a recovery in the OSV industry next year, the Company has strengthened the operational team through hiring and training, while keeping the fleet operationally ready to be deployed. There are several longer term tenders in the pipeline and there is hope for some to be awarded in 4Q2018.

    To improve efficiency of our operations, there is also an upgrade in process to a better integrated IT system for our operational and technical needs, which is expected to also save paper and improve our environmental performance.

    The older and idle vessels are in process of being sold to raise funds and reduce unnecessary costs. All these efforts are aimed to streamline the Company's operations and strengthen our position to be a leader in the industry in the upturn.

    At the moment our focus is to win a number of longer term tenders in the bidding process, while building on our strength in meeting the high standards of quality, health and safety that are required to stay at the forefront of the industry.

    Total contracts on hand as at end September 2018 were US$71 million.

    About Wintermar Offshore Marine Group

    Wintermar Offshore Marine Group (WINS.JK), developed over 40 years with a track record of quality that is both a source of pride and responsibility that we are dedicated to upholding, sails a fleet of more than 70 Offshore Support Vessels ready for long term as well as spot charters. All operated by experienced Indonesian crew, tracked by satellite systems and monitored in real time by shore-based Vessel Teams.

    In 2011, Wintermar became the first shipping company in Indonesia to be certified with an Integrated Management System by Lloyd's Register Quality Assurance, comprising ISO 9001:2008 (Quality), ISO14001:2004 (Environment) and OHSAS 18001:2007 (Occupational Health and Safety). For more information, please visit
    Ms. Pek Swan Layanto, CFA
    Investor Relations
    PT Wintermar Offshore Marine Tbk
    Tel: +62-21-530 5201 Ext 401
    Email: Copyright 2018 ACN Newswire. All rights reserved. Reported by ACN Newswire 4 hours ago.

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    *(Oslo, 31 October 2018) Marine Harvest achieved an operational EBIT of EUR 207 million in the third quarter of 2018, compared to EUR 194 million in the corresponding quarter of 2017.*

    The Marine Harvest Board has resolved a quarterly dividend of NOK 2.60 per share, supported by the good results, a strong market outlook, and a solid financial position.

    - This has been a very good quarter for Marine Harvest. We managed to generate a record high operational result for the third quarter as demand for salmon continues to increase the value of our products, says CEO Alf-Helge Aarskog.

    Marine Harvest Group reported record high Q3 operational revenues of EUR 990 million (EUR 868 million) in the third quarter of 2018. Total harvest volume was 109 896 tonnes in the quarter (95 338). Harvest guidance for 2018 remains unchanged at 380 000 tonnes. Estimated harvest volume for 2019 is 430 000 tonnes.

    Salmon of Norwegian origin achieved an operational EBIT per kilo of EUR 2.25 (2.24) in the third quarter, while salmon of Scottish and Canadian origin reported operational EBIT per kilo of EUR 1.36 and EUR 1.05 respectively (EUR 2.33 and EUR 1.73). Salmon of Chilean origin reported operational EBIT per kilo of EUR 1.28 in the quarter (EUR 1.30). MH Feed reported an operational EBIT of EUR 7.3 million (EUR 9.4 million). MH Consumer Products reported an operational EBIT of EUR 16.0 million (EUR 14.6 million). 

    - Marine Harvest Feed produced record high volumes in the third quarter. I am very pleased that the growth continues with the opening of the new feed factory in Scotland in 2019. It is also very encouraging to see the growth and margin achievements in our value-added production in the US and Asia, says Aarskog.

    *For further information, please contact:
    *Ivan Vindheim, CFO, Mobile: +47 958 71 310*
    *Kim Galtung Døsvig, IR Officer & Head of Treasury, Mobile: +47 908 76 339

    *About Marine Harvest Group
    *Marine Harvest Group is the world's leading seafood company and largest producer of farmed salmon, with presence in 24 countries and a total of 13 650 employees worldwide. The company is headquartered in Bergen, Norway, and is listed on the Oslo Stock Exchange.

    Please see for further information.

    *Forward looking statements
    *This release may be deemed to include forward-looking statements, such as statements that relate to Marine Harvest's goals and strategies, salmon prices, ability to increase or vary harvest volume, production capacity, trends in the seafood industry, restructuring initiatives, exchange rate and interest rate fluctuations, expected research and development expenditures, business prospects and positioning with respect to market, demographic and pricing trends, strategic initiatives, and the effects of any extraordinary events and various other matters (including developments with respect to laws, regulations and governmental policies regulating the industry and changes in accounting policies, standards and interpretations) on Marine Harvest's business and results. Forward-looking statements are typically identified by words or phrases, such as "believe,""expect,""anticipate,""intend,""estimate,""may increase,""may fluctuate,""plan,""goal,""target,""strategy," and similar expressions or future or conditional verbs such as "may,""will,""should,""would," and "could." Forward-looking statements are Marine Harvest's current estimates or expectations of future events or future results. Actual results could differ materially from those indicated by these statements because the realization of those results is subject to many risks and uncertainties. Marine Harvest ASA's Annual Report contains additional information about factors that could affect actual results, including: changes to the price of salmon including the value of our biological assets; hedging risks; risks related to fish feed; economic and market risks; environmental risks; operational risks; risks related to escapes, disease and sea lice; product risks; risks related to our acquisitions; financing risks; regulation risks including relating to food safety, the aquaculture industry, processing, competition and anti-corruption; trade restriction risks; litigation risks; tax and accounting risks; strategic and competitive risks; and reputation risks. All forward-looking statements included in this release are based on information available at the time of the release, and Marine Harvest assumes no obligation to update any forward-looking statement.

    This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


    · MHG Q3 2018 Report.pdf
    · MHG Q3 2018 Presentation.pdf Reported by GlobeNewswire 4 hours ago.

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    The Board of Marine Harvest ASA has resolved on 30 October 2018 to distribute a quarterly dividend of NOK 2.60 per share in the form of ordinary dividend.

    Marine Harvest ASA's shares listed on the Oslo Stock Exchange will be traded including dividend up until and including the 8 November 2018. Marine Harvest ASA's shares listed on the Oslo Stock Exchange will be traded ex dividend from and including 9 November 2018. Marine Harvest ASA's shares listed on the Oslo Stock Exchange will have a Record Date on the 12 November 2018. The expected payment date is 26 November 2018.

    This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.  Reported by GlobeNewswire 4 hours ago.

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    *The TracPhone V3-HTS is a breakthrough antenna for providing connectivity at sea, with faster data speeds than larger marine satellite antennas*MIDDLETOWN, R.I., Oct. 31, 2018 (GLOBE NEWSWIRE) -- KVH Industries, Inc., (Nasdaq: KVHI), today unveils the TracPhone^® V3-HTS, the world’s fastest, lightest, ultra-compact Ku-band marine VSAT antenna, at the Fort Lauderdale (FL) International Boat Show. Measuring just 37 cm (14.5 inches) diameter and weighing 11 kg (25 lbs.), the TracPhone V3-HTS is smaller in physical size than any other Ku-band marine satellite communications antenna on the market and is designed to provide faster data speeds (5 Mbps download/2 Mbps upload) than larger marine satellite antennas.

    The TracPhone V3-HTS’s fast data speeds, combined with its diminutive size, make Internet connectivity and HD-quality streaming available aboard smaller powerboats and sailboats along with commercial vessels, such as workboats and offshore fishing boats, that do not have room for a larger satellite communications antenna.

    KVH designed and engineered the TracPhone V3-HTS specifically for KVH’s mini-VSAT Broadband^SM HTS network. This advanced maritime network offers unmatched speed and coverage using new next-generation high-throughput satellites (HTS) from Intelsat’s global network with additional satellite capacity from SKY Perfect JSAT, all of which is fully integrated under the IntelsatOne Flex for Maritime platform. KVH is the maritime VSAT market share leader by fielded units, according to an independent industry report by Euroconsult.

    “KVH’s HTS network changes the game for communications on boats,” says Todd Tally, general manager of Atlantic Marine Electronics, a leading marine systems installer based in Fort Lauderdale. “Incredibly fast, robust, and reliable, this service and the TracPhone HTS antennas allow our customers to enjoy Internet connections, streaming movies and TV, voice calls, video chats, and more.”

    The TracPhone V3-HTS is the second HTS antenna design from KVH, which introduced the 60 cm diameter Ku-band TracPhone V7-HTS last year. During the development of both antennas, KVH worked closely with satellite operator Intelsat, which recently upgraded its IntelsatOne Flex platform to support smaller antennas, in anticipation of the release of KVH’s 37 cm terminal. IntelsatOne Flex is a managed service that offers multi-layered global coverage by leveraging Intelsat Epic^NG high-throughput satellites (HTS) and select wide beams. The TracPhone V3-HTS is manufactured by KVH at its headquarters in Middletown, Rhode Island.

    “Ensuring that boaters and mariners around the world can experience the benefits of connectivity at sea has been a driving force for KVH for many years, and the new TracPhone V3-HTS makes that possible for more types of boats than ever before,” says Brent Bruun, KVH’s chief operating officer. “KVH streamlines the entire process of getting broadband on the boat by offering monthly airtime and value-added services to create an end-to-end solution unmatched by other marine VSAT providers.”

    Additional features of the TracPhone V3-HTS include:

    · The secure myKVH™ mini-VSAT Manager – an exclusive suite of tools that provide transparency into and control over data usage, including data allocation and customized text and email alerts
    · Integrated CommBox™ Modem (ICM) – streamlined all-in-one belowdecks unit featuring the antenna control unit, high-throughput modem, Voice over IP (VoIP) adapter, versatile network management software, and integrated Wi-Fi and Ethernet switches
    · KVH OneCare™ – global support program including application engineering, solution deployment, and operating support around the clock

    KVH is a mobile tech innovator that provides connectivity solutions for commercial maritime, leisure marine, and land mobile applications on vessels and vehicles, including the award-winning TracPhone and TracVision^® product lines, the global mini-VSAT Broadband network, and AgilePlans™ Connectivity as a Service (CaaS). The company’s Videotel™ business is a market-leading provider of training films, computer-based training, and eLearning for the maritime industry, and its KVH Media Group provides news, sports, and entertainment content with such brands as NEWSlink™ and SPORTSlink™.

    Note to Editors: For more information about TracPhone V3-HTS, please visit the KVH website, High-resolution images of KVH products are available at the KVH Press Room Image Library,

    *About KVH Industries, Inc.*
    KVH Industries, Inc., is a global leader in mobile connectivity and inertial navigation systems, innovating to enable a mobile world. A market leader in maritime VSAT, KVH designs, manufactures, and provides connectivity and content services globally. KVH is also a premier manufacturer of high-performance sensors and integrated inertial systems for defense and commercial applications. Founded in 1982, the company is based in Middletown, RI, with research, development, and manufacturing operations in Middletown, RI, and Tinley Park, IL, and more than a dozen offices around the globe.

    This press release contains forward-looking statements that involve risks and uncertainties. For example, forward-looking statements include statements regarding expected data speeds over our new network, expected benefits to KVH customers, expected pricing of our new service and the expected level of coverage availability. Actual results could differ materially from the forward-looking statements made in this press release. Factors that might cause these differences include, but are not limited to: unanticipated technical and other challenges that arise during the launch of the new system; potential levels of customer demand for data services beyond our current expectations, which could exceed system capabilities in certain regions; unanticipated technical, legal and regulatory delays with the launch of the new service; competition for satellite capacity, which over time could increase our costs and decrease service availability; and unanticipated expenses. These and other factors are discussed in more detail in KVH’s most recent Form 10-Q filed with the SEC on August 2, 2018. Copies are available through its Investor Relations department and website, KVH does not assume any obligation to update our forward-looking statements to reflect new information and developments.

    KVH Industries, Inc. has used, registered, or applied to register its trademarks in the U.S.A. and other countries around the world, including but not limited to the following marks: KVH, TracPhone, TracVision, mini-VSAT Broadband, myKVH, CommBox, KVH OneCare, AgilePlans, Videotel, NEWSlink, and SPORTSlink. All other trademarks are the property of their respective companies.

    *For further information, please contact:*
    Jill Connors
    Media Relations & Industry Analyst Manager
    KVH Industries, Inc.
    Tel: +1 401 851 3824 Reported by GlobeNewswire 3 hours ago.

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    *HDFC ERGO General Insurance Company*, India’s third largest non-life insurance provider in the private sector launched the ‘*Cyber Security Awareness Week*’ starting from October 21, 2018 to October 27, 2018. During the week, HDFC ERGO aims to create awareness about the facets of cybercrime and promote the need of cyber security among individuals under its theme ‘*#**HackSeLado*’.


    In order to commence the launch of Cyber Security Week, HDFC ERGO invited esteemed speakers to shed light on the increasing number of cybercrimes in India and discuss the on-going challenges faced by individuals. The panellists for the discussion were as follows:

    · Balsingh Rajput, DCP Cyber Crime Maharashtra

    · Saket Modi, Ethical Hacker Lucideus Tech

    · SuhasTuljapurkar, Managing Partner, Legasis Partners and Founder Director Legasis Services

    · Varkha Chulani, Clinical Psychologist & Mental Health Expert

    · Anurag Rastogi, Member of Executive Management, HDFC ERGO General Insurance Company


    Addressing the panel *Dr. Balsingh Rajput, DCP Cyber Crime Maharashtra *said, “There is an alarming rate of Cyber Crimes in the country with a growth rate of 100% year-on-year. Scams such as Phishing have become an alternate industry, with call centers being set up to defraud unsuspecting victims. Maharashtra Cyber is implementing cyber security and cyber lab project to enable law enforcement to tackle these crimes.”


    *Mr. Saket Modi, CEO & Co-founder, Lucideus* added, “There has been a lack of awareness amongst individuals while using technology or the social media. In this digital age most of us haven't been trained to handle a smartphone and hence easily fall prey to basic hacks. Individuals need to realise that anything uploaded on the internet is prone to be hacked and therefore they need to be careful while being online.”


    Commenting on the legalities around a cyber-hack, *Mr. Suhas Tuljapurkar, Managing Partner Legasis Partners and Founder Director Legasis Services *said, “Definitely there is a deficiency in current laws relating to Cyber Crime. While there are jurisdictional challenges especially when the Cyber Crime crosses the boundaries, there is legislative requirement to bring out robust laws to outpace the advancements made by the organized Cyber Crime industry.”


    Talking about the emotional aspect of a cyber-hack, *Varkha Chulani, Clinical Psychologist and Mental Health Expert *said, “Individuals today suffer from a new condition called ‘*Selfitis*’. Relationships at home nowadays have become more insecure because of extensive use of gadgets. More than financial loses there are emotional losses seen amongst couples and families. Parents should use discipline and keep time limits for their children to avoid the misuse of the Internet.” 


    Commenting on the launch of cyber security insurance week, *Mr. Anurag Rastogi, Member of Executive Management, HDFC ERGO General Insurance Company *said, “At HDFC ERGO, we are happy to launch the ‘*Cyber Security Awareness Week*’ to promote awareness about the facets of cyber-crime in India. Today, individuals suffer from huge financial loss as well as emotional loss post a cyber-crime which includes the legal fees or the cost of consulting a psychologist. With the launch of HDFC ERGO E@Secure, individual cyber insurance policy, we aim to help individuals overcome any financial loss as a result of any cyber-attack or cyber bulling.”


    HDFC ERGO recently launched E@Secure Cyber Insurance Policy. The policy aims at providing comprehensive protection to individuals and their families against any cyber- attacks, cyber frauds or digital threats that could lead to a financial loss and or reputational loss. For more information on the policy and the full range of HDFC ERGO Insurance products please contact HDFC ERGO representative or visit the website for further details on risk factors, exclusions, terms and conditions please read the sales brochure before concluding a sale.


    *About HDFC ERGO*

    HDFC ERGO General Insurance Company is a 51:49 joint venture between the Housing Development Finance Corporation Ltd (HDFC), India’s premier Housing Finance Institution, and ERGO International AG, the primary insurance entity of the Munich Re Group of Germany. In August 2017, with IRDAI’s approval for the merger of HDFC ERGO General Insurance Co. Ltd. with HDFC General Insurance Ltd. (formerly Known as L&T General Insurance Co. Ltd.), the Company marked the first merger in the General Insurance sector. The merged entity, known as HDFC ERGO General Insurance Co. Ltd., is the third largest General Insurance provider in the private sector.


    HDFC ERGO offers products like Motor, Health, Travel, Home, Personal Accident and Cyber Security Insurance in the retail space and customized products like Property, Marine and Liability Insurance in the corporate space through its vast network of 122 branches spread across 106 cities and a wide distribution network.

      Reported by NewsVoir 2 hours ago.

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