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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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    Japan’s scientists are upgrading its Super-Kamiokande neutrino detector, turning to plastic for electric cars and enhancing eel farming with ‘marine snow’. The country has big ambitions in space and hopes to create 20 unicorns by 2023 Reported by FT.com 12 hours ago.

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    Tokyo eyes looming crisis in farming sector caused by ageing population Reported by FT.com 12 hours ago.

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    With Diwali vacations just round the corner, a quick holiday away from the city is something that seems to be on everyone's mind. There has been a surge in travel bookings with more citizens ditching traditional ways of celebrating the festival of lights at home and choosing to unwind at a quick getaway.

    As per travel experts, there has been a significant increase in customers travelling during the festive season. Despite an approximate spike of 36 per cent in domestic and 42 per cent in international fares, citizens are not ready to stay put at home this festive season. Inbound travel is also on the rise with many people travelling back home for the festivities

    According to data provided by Mumbai Airport on travels trend in domestic and international sectors between April and August this year, top-booked cities include Delhi, Bengaluru, Goa, Hyderabad and Chennai in domestic sector.

    On the international route the most travelled destination Dubai followed by London, Singapore, Bangkok and Abu Dhabi.

    Mumbai Airport saw footfalls of 20.73 million passengers — both domestic and international — during the mentioned period.

    DNA spoke to citizens to know more about their plans. While crackers, sweets, lights, diyas, food, family and friends get together marked the celebration of some, most of them are vying for a peaceful Diwali away from hustle bustle of city life.

    -*VOICES*-

    Being a PR by profession, a long break isn't an option due to commitments towards client. So this Diwali I chose Tarkarli for a three day vacation. Tarkarli is a gorgeous beach with captivating white sand. The most exciting and adventurous thing about the beach that it offers scuba diving exploration allows you an opportunity to delve deep into the magical beauty of marine life. 
    —*Aishwarya Bane*, Dahisar

    I want to do something special this Diwali for my family. I wish to take them for a drive to Mahabaleshwar and gift each one of those accompanying me. I had been thinking about this for a while now, but time never permitted to implement the plan. We are too busy with our work and lives. Diwali is the best time to implement the plan; it is an opportunity to strengthen family bonds and spend quality time with each other and make the best use of it. 
    —*Shweta Vyas*, Bhuleshwar

    We have not made any special plan as such, but we usually prefer to travel during Diwali. Though our plans are not elaborate, considering time constraints and ticket management, so we travel to nearby places like Gujarat or Pune as per convenience. We may hire a vehicle and drive to hill stations in south Gujarat which takes less time and won't burn us out. Even places like Karjat and other adjoining hill stations are worth visiting during Diwali; but Gujarat being the hometown, it is our most preferred place to visit during the festive season. 
    —*Nikin Panchal*, Dahisar

    Diyas, food, family and friends mark our Diwali celebrations. Thus we avoid going outstation during this part of the year. We pay a visit to relatives and have good food at home. Another reason why I prefer to stay in Mumbai is that with most people planning their trip, travelling outstation during Diwali is a hassle. Thus, we all decide which cousin will hold the get-together. We all flock the venue on the day we all agree upon and have a gala time. 
    —*Nikhil Desai*, Matunga

    For me, Diwali is just about spending time with family, cleaning the house, preparing sweets, lighten up the house and visiting relatives. I would have loved to travel but there are too many engagements during this time at home that makes it difficult to travel or go out of town. 
    —*Archie Vora*, Borivali

    Though I have not zeroed in on the place yet, I will taking my family out for a vacation this Diwali. Currently, the situation in Mumbai is bad when it comes to noise and air pollution. Things will worsen during the festival. The best way to avoid it is to go out of Mumbai where there is peace and silence. 
    —*Madhu Kotian*, Mulund

    After bhai dooj, I along with my family will travel to a forest retreat in the state. This is the best way to escape from all the noise and air pollution. The trip will help my 8-year-old daughter connect with nature, which this tech-savvy generation badly needs. 
    —*Anand Shirali*, Andheri

    We usually go to our native place in Bihar during Diwali. However, this year we have decided to stay in Mumbai due to fall in business. I have dropped travel plans for now but if I do good business during Diwali I will go to Goa for a vacation with my family. 
    —*Asit Singh*, Borivali

    -*EXPERTSPEAKS*-

    With Diwali just around the corner, excitement for the festive season is at its peak. Despite an approximate spike of 36 per cent in domestic and 42 per cent in international fares, travel is on the rise. We have observed bookings for both, travellers who are heading home or planning a leisure getaway for the upcoming long weekends. Apart from key metros , hill stations have also seen a strong growth in demand from people who want to escape pollution. Inbound travel is also on the rise, specially from UK and US. 
    —*Aloke Bajpai*, CEO and co-founder, ixigo, a travel website

    This year, during the festive season, we witnessed a mix of travellers visiting their hometowns or opting various off-beat destinations for short trips. This trend has been noticed despite a hike in the fares on popular routes such as Mumbai-Bangalore, Delhi-Mumbai. The steep spike in the fares as compared to last year can be attributed to various reasons like increase in passenger load factor, ATF etc. Travellers are breaking away from the conventional mindset of staying or visiting hometown during festivals. 
    —*Sharat Dhall*, chief operating officer at Yatra.com

    Article Type: 
    Report
    Sections: 
    Mumbai
    India
    Authors: 
    dna Correspondent
    Agencies: 
    DNA
    Tags: 
    Speak up Mumbai
    Diwali
    festival
    Vacation
    festive season
    Diwali vacations
    travel bookings
    Mumbai Airport
    United States
    Abu Dhabi
    Tarkarli
    Bangkok
    Singapore
    UK
    London
    Mon, 22 Oct 2018-06:55am
    Date updated: 
    Monday, 22 October 2018 - 6:55am
    Article Images: 
    The trend of quick getaways during festive season is catching up in the city
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    From Print Edition: 
    Highlights:  Reported by DNA 9 hours ago.

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    Arrest made after dramatic police pursuit Police have arrested a male after a dramatic car chase that saw three police cars rammed this morning.It's understood the patrol cars were damaged after the motorist fled officers in a pursuit that began on Marine Parade in the... Reported by New Zealand Herald 9 hours ago.

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    In the deep, dark Southern Ocean encircling Antarctica lies a creature so bewildering and elusive, it hasn't been filmed for a year. 

    Behold, the 'headless chicken monster,' which has been filmed casually swimming near East Antarctica, the first time it's been filmed in the region. 

    Except that it's not headless, a chicken, or a monster. It's a sea cucumber.

    SEE ALSO: So, turns out snakes have been hitchhiking on planes. Have a nice flight.

    Deep-sea resident Enypniastes eximia, also known as the 'headless chicken monster' to undeniably hilarious scientists, has been filmed in the Southern Ocean. Read more...

    More about Oceans, Marine, Fishing, Science, and Climate Environment Reported by Mashable 9 hours ago.

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    Krabi's Mu Ko Phi Phi remains open to divers, day trippers and holidaymakers

    BANGKOK, Oct. 22, 2018 /PRNewswire/ -- The Tourism Authority of Thailand (TAT) would like to clarify that while the world famous Maya Beach is closed, stunning views of the Bay can still be enjoyed.

    The clarification is based on this week's trip, from 19 to 20 October, by a TAT delegation led by TAT Governor Mr. Yuthasak Supasorn to obtain a first-hand view of the reality on the ground.

    The TAT delegation learned that Phi Phi Leh Island, where Maya Bay is located, is still open to tourists. Maya Beach itself is off limits, but visitors can still enjoy the stunning views of Maya Bay -- without people -- from a boat. They can also enjoy snorkelling in the front of the Bay.

    Diving and snorkelling trips around Mu Ko Phi Phi are also running as usual.

    Holidaymakers can also stay overnight on Phi Phi Don Island and enjoy many other beautiful beaches and bays of Krabi's Hat Noppharat Thara-Mu Ko Phi Phi National Park.

    Phi Phi Don Island's main pier is at Tonsai Bay, which is the busiest with a host of accommodation, restaurants and tourist shops. For visitors seeking to relax and stay away from the crowd, they may want to stay on one of the other beaches such as Laem Tong Beach.

    Laem Tong Beach is situated at the northern end of Phi Phi Don Island and is only accessible by a 45-minute boat ride from the main pier. It is home to a beautiful and secluded beach as well as a handful of four- to five-star accommodation. These resorts are known for their sustainable operations adhering to strict guidelines to reduce their impact on the environment.

    From Phi Phi Don Island, local long-tail boats can be hired for a day cruise to view Maya Bay, visit Pileh Lagoon and Bamboo Island as well as enjoy snorkelling and swimming.

    Day trips can also be made from Krabi and Phuket to enjoy the beautiful nature of the Hat Noppharat Thara-Mu Ko Phi Phi National Park.

    Mr. Yuthasak Supasorn, TAT Governor, said: "For many years, the local community at Mu Ko Phi Phi has been undergoing a regular beach and underwater clean-up aimed at helping to preserve the marine ecosystem as well as the coral reef system, which are the reasons why tourists and divers return to the area year after year."

    "TAT is ready to support all stakeholders to work together to achieve common goals towards socially and environmentally sustainable tourism."

    For photographs relating to this press release, please contact the TAT Newsroom team at mailtous@tatnews.org.

    Related Links :

    http://www.tatnews.org Reported by PR Newswire Asia 8 hours ago.

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    A P&O cruise ship spilt 27,000 litres of waste and greywater into the Great Barrier Reef Marine Park in August, a Senate estimates hearing has heard. Reported by SBS 7 hours ago.

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    A P&O cruise ship spilt 27,000 litres of waste and greywater into the Great Barrier Reef Marine Park in August, a Senate estimates hearing has heard. Reported by SBS 6 hours ago.

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    HKTDC Deputy Executive Director Raymond Yip (centre) unveils details of the eighth Asian Logistics and Maritime Conference at today's press briefing, joined by Frankie Yick (L), Legislative Councillor of Hong Kong for the Transport Constituency and Chairman of the HKTDC Logistics Services Advisory Committee; and Simon Wong (R), Chief Executive Officer of The Hong Kong R&D Centre for Logistics and Supply Chain Management Enabling Technologies.Asian Connectivity, New Retail Revolution, Logistics Technology in Focus

    HONG KONG, Oct 22, 2018 - (ACN Newswire) - The eighth Asian Logistics and Maritime Conference (ALMC), the industries' annual signature event jointly organised by the Hong Kong Trade Development Council (HKTDC) and the Government of the Hong Kong Special Administrative Region (HKSAR), will be held on 20-21 Nov at the Hong Kong Convention and Exhibition Centre (HKCEC). This year's ALMC will focus on three key areas - Asian connectivity, new retail revolution and its implications to logistics, and logistics technology - and examine their respective impacts on the industry. About 70 luminaries from the logistics and maritime sectors will share their insights at the conference, which is expected to attract over 2,000 industry players from more than 30 countries and regions.

    "Asian countries and regions are now pushing forward various trade agreements and regional development strategies, including the Hong Kong-ASEAN [Association of Southeast Asian Nations] Free Trade Agreement signed last year, the Guangdong-Hong Kong-Macao Greater Bay Area development plan, and the China-Singapore Initiative on Strategic Connectivity," said HKTDC Deputy Executive Director Raymond Yip. "Under the Belt and Road Initiative, many major infrastructure projects, including new road transport systems and port developments, have been kick-started, with a number of them already completed. Such projects foster the development of trade and logistics in Asia, driving better connectivity within the regional supply chain."

    According to the World Trade Organization's recently published World Trade Report 2018, global trade is expected to grow by 1.8-2% annually between 2016 and 2030, with developing countries' share of global trade increasing from 46% in 2015 to 57% by 2030. According to Mr Yip, this shows that emerging markets, spearheaded by the Chinese mainland, the Asia-Pacific region and countries in the ASEAN bloc, will be a major driving force behind global trade growth, spurring continued expansion of the region's logistics sector. In addition, the rapid growth of e-commerce and new logistics technologies will create enormous opportunities for the logistics and maritime industries.

    Industry Experts Examine a New Era for Logistics

    Some 70 highly respected industry experts will speak at the ALMC, with Dato Lim Jock Hoi, Secretary-General, Association of Southeast Asian Nations (ASEAN), delivering the keynote address at the opening session. Among the highlights will be the two plenary sessions. On 20 Nov, "Boosting Asian Connectivity for a New Regional Economic Order" will explore how the integration of railroad, road, maritime and air freight capabilities in Asia will impact on the region's logistics and maritime industry. Karen Reddington, President, Asia-Pacific Division, FedEx Express will be among the panel speakers at the first plenary session.

    In the age of e-commerce, the mode of delivery in the logistics supply chain has been undergoing rapid change. The second plenary session, "Online Shopping Revolutionising Logistics & Supply Chain Management" on 21 Nov, will look at how innovative technologies are offering advantages for the logistics industry and helping companies capture the latest online-to-offline (O2O) opportunities. Chaired by Fox Chu, Partner, McKinsey & Company, the panel will feature speakers including Yang Haifeng, General Manager, Value Supply Chain Department, JD Logistics, and Cissy Chan, Executive Director, Commercial, Airport Authority Hong Kong.

    Exploring the Latest Industry Issues

    Alongside the plenary sessions, other forums will cover topical issues relating to supply-chain management and logistics, as well as the air freight and maritime industries. Topics to be covered include cold-chain logistics, e-commerce, the International Civil Aviation Organization's (ICAO) new air cargo security requirements and logistics technology in the Guangdong-Hong Kong-Macao Greater Bay Area. Exhibitions and networking receptions will be staged alongside the conference to provide participants with a more complete picture of the latest market intelligence and business opportunities.

    Insights into Regional Cooperation

    This year's ALMC sees various regional forums being organised to present the latest developments in regional logistics and economic cooperation. The city of Zhuhai will focus on logistics and trading opportunities brought about by the development of the Greater Bay Area and the opening of the Hong Kong-Zhuhai-Macao Bridge. A forum jointly organised by the cities of Chongqing, Guangxi, Guizhou, Gansu, Qinghai and Xinjiang will assess the implications of an intermodal logistics network connecting the hinterland of the Chinese mainland and Southeast Asia, under the China-Singapore Initiative on Strategic Connectivity. A first-time organiser of a regional forum, E'Zhou will discuss its vision to work as an air freight hub for China and Eurasia, while CN (Canadian National Railway) will for the third time organise a regional forum at ALMC, showcasing its latest global refrigerated service and the seamless cooperation between its railway network and North American ports.

    New Tech Dialogue and Tech Demo Session

    A new session, Tech Dialogue, launches this year, featuring Dean Croke, Chief Analytics Officer, Blockchain in Transport Alliance, and Sebastien Gendron, co-founder and CEO, TransPod. They will share the latest developments in blockchain technology and hyperloop transportation, respectively. A new feature at the ALMC exhibition is the Tech Demo Session, through which home-grown start-ups can introduce their innovative solutions for the industry.

    This year's exhibition will feature more than 100 exhibitors showcasing supply-chain management and logistics, maritime and related services, and providing professional services and solutions. To drive more business cooperation, more than 150 one-on-one business-matching sessions are being arranged to help exhibitors and participants foster business collaborations during the event.

    The forums will gather a range of noted speakers, including (in alphabetical order):

    - Cissy Chan, Executive Director, Commercial, Airport Authority Hong Kong
    - Dean Croke, Chief Analytics Officer, Blockchain in Transport Alliance
    - William Fairclough, Director, Wah Kwong Maritime Transport Holdings Limited
    - Giovanni Gavarone, Managing Director, Penfield Marine (UK) Limited
    - Sebastien Gendron, Co-Founder and CEO, TransPod
    - Tim Huxley, Chairman, Mandarin Shipping Limited
    - Graeme Murray, Managing Director, Snape Shipping Limited
    - Henriette Van Niekerk, Director & Global Head of Dry Bulk Freight Analysis, Clarksons Platou
    - John Michael Radziwill, CEO, C Transport Maritime S.A.M.
    - Keith Reardon, Senior Vice-President, Consumer Product Supply Chain Growth, CN (Canadian National Railway)
    - Karen Reddington, President, Asia-Pacific Division, FedEx Express
    - Martin Stopford, President, Clarkson Research Services Limited
    - Roger Su, Executive General Manager, Cainiao Global
    - Suken Xiao, Vice President, Overseas Region, SF Express
    - Yang Haifeng, General Manager, Value Supply Chain Department, JD Logistics
    - Nissim Yochai, VP Trans Pacific Trade, ZIM Integrated Shipping Services

    Flagship Event for Hong Kong Maritime Week

    ALMC is a flagship event of the Hong Kong Maritime Week, organised by the Hong Kong Maritime and Port Board. The ALMC is supported by the Hong Kong Logistics Development Council and Hong Kong Maritime and Port Board. HKTDC invited 18 global leaders in the logistics and shipping industries and representatives of internationally renowned companies to serve as honorary advisors to provide advice on the agenda and content of the ALMC.

    Members of the media wishing to interview speakers can email it to sunny.sl.ng@hktdc.org or christine.kam@hktdc.org by 12 Nov. For the latest programme and speakers list, please visit: www.almc.hk.

    Photo download: https://bit.ly/2OD07DU

    About HKTDC

    The Hong Kong Trade Development Council (HKTDC) is the dedicated to creating opportunities for Hong Kong's businesses. With more than 40 offices globally, including 13 on the Chinese mainland, HKTDC promotes Hong Kong as a platform for doing business with China, Asia and the world. HKTDC organises international exhibitions, conferences and business missions to provide companies, particularly SMEs, with business opportunities on the mainland and in international markets, while providing business insights and information via trade publications, research reports and digital channels including the media room. Please visit www.hktdc.com/aboutus or follow us on Google+, Twitter@hktdc, LinkedIn.
    Contact:
    Sunny Ng, Tel: +852 2584 4357, Email: sunny.sl.ng@hktdc.org
    Christine Kam, Tel: +852 2584 4514, Email: christine.kam@hktdc.orgCopyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com Reported by ACN Newswire 2 hours ago.

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    Marseilles, October 22, 2018

                * *

                *Bourbon Subsea Services wins a turnkey contract for the installation *

                *of the 25 MW WindFloat Atlantic floating offshore windfarm*

    Bourbon Subsea Services has been selected by Windplus to install 3 floating wind turbines of 8.3 MW, 20 km off Viana do Castelo, Portuguese coast. These turbines, with a total capacity of 25 MW, are the most powerful in the floating offshore wind industry. The project includes project management, engineering and the procurement of the complete mooring system (supplied by Vryhof).

    The mooring systems with three sets of three mooring lines will be pre-laid in the first phase. The wind turbines will be then towed to the offshore site and hooked up in a second phase, which will also include the installation and hook up of the inter-array electrical cables. BOURBON will provide a variety of marine assets required for the different phases of the operations, including AHTS, tugs and ROVs.

    With strong experience in mooring installation of floating wind turbines, the Bourbon Subsea Services project team will work closely with WindPlus, Vryhof and Principle Power, designer of the floating foundations, to ensure the successful delivery of this project.

    "After having installed the prototype in 2011, we are very pleased to have now been chosen to support this significant European commercial floating wind farm project. The opportunity permits BOURBON to reaffirm its commitment to contributing to the growth of the Renewable Energy industry and demonstrate its unique expert capability in delivering technologically innovative turnkey services to demanding clients" commented *Patrick Belenfant, **Bourbon Subsea Services' **CEO*.

    Photos available upon request

    *About BOURBON*

    Among the market leaders in marine services for offshore oil & gas, BOURBON offers the most demanding oil & gas companies a wide range of marine services, both surface and sub-surface, for offshore oil & gas fields and wind farms. These extensive services rely on a broad range of the latest-generation vessels and the expertise of almost 8,400 skilled employees. Through its 29 operating subsidiaries the group provides local services as close as possible to customers and their operations throughout the world, of the highest standards of service and safety.

    BOURBON provides three operating activities (Marine & Logistics, Mobility and Subsea Services) and also protects the French coastline for the French Navy.

    In 2017, BOURBON'S revenue came to €860.6 million and the company operated a fleet of 508 vessels.

    Placed by ICB (Industry Classification Benchmark) in the "Oil Services" sector, BOURBON is listed on the Euronext Paris, Compartment B.

    *Contacts*

    *BOURBON* *Media relations agency*
    *Publicis Consultants*
    *Investor Relations, analysts, shareholders  * Vilizara Lazarova
    +33 140 138 607 +33 144 824 634
    investor-relations@bourbon-online.com vilizara.lazarova@consultants.publicis.fr
       
    *Corporate Communication *  
    Christelle Loisel  
    +33 491 136 732  
    christelle.loisel@bourbon-online.com  

    *Attachment*

    · PDF version.pdf Reported by GlobeNewswire 6 hours ago.

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    Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) will be releasing its third quarter 2018 report on Thursday, 01 November 2018 at 7:00am CET (10:00 UAE).

    The Company will host a webcast and conference call commencing at 08:00 CET (11:00 UAE).

    Access details are included below:


    Webcast*

    The presentation and Q&A session will be webcast at www.polarcus.com. The webcast will comprise of a synchronized presentation and audio from the below conference call.

    A replay of the webcast will be available after the event at www.polarcus.com under Investor Relations.
     

    Conference Call

    *Please use the following numbers and Confirmation Code to dial-in to the conference call and to participate in the Q&A:

    Participant Confirmation Code: 8153651

    Participant Telephone Numbers:

    Norway +47 2100 2610
    UK +44 (0)330 336 9127
    USA +1 929-477-0448A replay of the conference call will also be available after the event until 07 November 2018.
     
    Replay Access Code: 8153651
     
    Participant Telephone Numbers:

    Norway +47 2350 0077
    UK +44 (0) 207 660 0134
    USA +1 719 457 0820

     

    *Contacts*

    Hans-Peter Burlid, CFO
    +971 50 559 8175
    hp.burlid@polarcus.com

     

    *About Polarcus*

    Polarcus (OSE: PLCS) is an innovative marine geophysical company with a pioneering environmental agenda, delivering high-end towed streamer data acquisition and imaging services from Pole to Pole. Polarcus operates a fleet of high performance 3D seismic vessels incorporating leading-edge maritime technologies for improved safety and efficiency. Polarcus offers contract seismic surveys and multi-client projects with advanced onboard processing solutions and employs approximately 350 professionals worldwide. The Company's principal office is in Dubai, United Arab Emirates. For more information, visit www.polarcus.com

     This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act. Reported by GlobeNewswire 6 hours ago.

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    TOKYO (AP) — Japanese-born Marine biologist Osamu Shimomura, who won the Nobel Prize in chemistry, has died. He was 90. His alma mater Nagasaki University said Monday that Shimomura died Friday of natural causes. Shimomura and two American scientists shared the 2008 Nobel prize for the discovery and development of a jellyfish protein that contributed to cancer studies. Shimomura was born in Kyoto in 1928 and studied in Nagasaki, where he survived the Aug. 9, 1945, U.S. atomic bombing. After earning chemistry degree in 1951, he moved to Princeton University, where he found the protein from 10,000 jellyfish samples on America's West Coast. Reported by SeattlePI.com 5 hours ago.

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    Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) has received an award for a 3D marine seismic acquisition project in South East Asia. The project duration is approximately 4 months and is scheduled to commence in Q4, 2018.

    Following this award, the Polarcus fleet is 100% booked for Q4 2018.

     

    *Contacts*

    Hans-Peter Burlid, CFO
    +971 50 559 8175
    hp.burlid@polarcus.com

    John Scott, VP Sales & Marketing
    +971 56 993 9978
    john.scott@polarcus.com 

     

    *About Polarcus*

    Polarcus (OSE: PLCS) is an innovative marine geophysical company with a pioneering environmental agenda, delivering high-end towed streamer data acquisition and imaging services from Pole to Pole. Polarcus operates a fleet of high performance 3D seismic vessels incorporating leading-edge maritime technologies for improved safety and efficiency. Polarcus offers contract seismic surveys and multi-client projects with advanced onboard processing solutions and employs approximately 350 professionals worldwide. The Company's principal office is in Dubai, United Arab Emirates. For more information, visit www.polarcus.com

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

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    LONDON, Oct. 22, 2018 (GLOBE NEWSWIRE) -- End investors, ILS funds, and buyers – the three groups active in ILS – have predominantly weathered 2017 loss activity with a view that reinsurance products backed by ‘alternative’ capital have become mainstream, according to a new Global ILS Market Survey by Willis Towers Watson (NASDAQ: WLTW), the global advisory, broking and solutions company.The unique survey of all three constituents of the ILS market was conducted more than six months after the major 2017 losses. Responses are therefore informed by the crystallisation of ILS funds’ performance^1.

    Cedants and funds share the view that ILS will continue to grow, partly through increased usage, and partly by covering risks outside property catastrophe, such as property per-risk, cyber, and marine. Investors and cedants alike continue to show appetite for such transactions.

    End investors confirm they see reinsurance as an established asset class. The survey therefore is counter to some observations that rising asset yields would deter new capital inflows to ILS. The survey found:

    · 58% of responding cedants use some ILS capacity, with one in four deriving more than 30% of their capacity from ILS.
    · Over half of non-users would consider adopting ILS capacity over the next three years.
    · Close to half of ILS buyers surveyed have recovered claims under their contracts. Almost all reported the collections as a positive experience.
    · Over half would consider using ILS for non-property cat risks, either as part of a multiline cover or on a standalone basis. 13% have already done so.
    · 2017 catastrophe losses have not deterred end investors. 80% agreed that 2017 ILS funds’ performance was in line with expectations.
    · End investors perceive diversification (96%) and non-correlation with financial asset classes as key drivers. Relative yield ranked only fourth.
    · More than half of end investors have strategic allocations between 2% and 5% of total assets; two-thirds expect to maintain or increase their allocation.
    · Post 2017 losses, almost half of end investors (48%) tactically increased their ILS allocation. Another 16% allocated capital to rebalance ILS to its long-term strategic weight.
    · Only 20% of end investors made reductions; post-loss redemptions were few.
    · ILS funds anticipate further growth over the next five years, with the vast majority expecting this to grow more than 10%.
    · Only a third of ILS funds appoint independent third-party valuation agents for illiquid (Level 3) assets.

    The comprehensive report on the survey findings is available for download here.

    James Kent, Global Chief Executive Officer, Willis Re commented: “The industry has widely reported the growth in the ILS market and this comprehensive survey further supports the development of ILS as an asset class despite the challenges of the catastrophe events in 2017. From a Willis Re perspective we see a divergence in the intent of (re)insurers to utilise ILS capacity largely driven by client type.  For growth to continue, ILS investors will need to demonstrate the ability to innovate and provide optimal solutions to meet clients’ evolving needs. Furthermore the trust language, where used, will need to reflect a closer alignment with clients’ expectations. The ILS investors with longstanding and successful track records, supported by consistent and well-regarded management teams, are the ones best equipped for future success.”

    Carl Hess, Head of Investment, Risk and Reinsurance at Willis Towers Watson, said: “This collaborative project mirrors our approach to the risk business. We cooperated across the components of Willis Towers Watson’s Investment, Risk and Reinsurance (IRR) segment – comprising Investments, Insurance Consulting & Technology, and Willis Re & Securities – to gain access to all the relevant market participants. That allowed us to execute the most comprehensive survey yet of the ILS market. It’s the same connected, integrated approach we use daily to develop and deliver ILS advice and solutions for our clients.”

    *About Willis Towers Watson*

    Willis Towers Watson (NASDAQ:WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has over 40,000 employees serving more than 140 countries. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas – the dynamic formula that drives business performance. Together, we unlock potential. Learn more at willistowerswatson.com

    *About Willis Re*

    One of the world's leading reinsurance brokers, Willis Re is known for its world-class analytics capabilities, which it combines with its reinsurance expertise in a seamless, integrated offering that can help clients increase the value of their businesses. Willis Re serves the risk management and risk transfer needs of a diverse, global client base that includes all of the world's top insurance and reinsurance carriers as well as national catastrophe schemes in many countries around the world. The broker's global team of experts offers services and advice that can help clients make better reinsurance decisions and negotiate optimum terms. For more information, visit willisre.com.

    *About Insurance Consulting and Technology*

    Willis Towers Watson’s Insurance Consulting and Technology business has over 1,200 colleagues operating in 35 markets worldwide. It is a leading provider of advice, solutions and software – primarily to the insurance industry. Its consulting services help clients manage risk and capital, improve business performance and create competitive advantage – by focusing on financial and regulatory reporting, enterprise risk and capital management, M&A and corporate restructuring, products, pricing, business management and strategy.

    *About Willis Towers Watson Investments*

    Willis Towers Watson’s Investments business is focused on creating financial value for institutional investors through its expertise in risk assessment, strategic asset allocation, fiduciary management and investment manager selection. It has over 900 colleagues worldwide, assets under advisory of over $2.3 trillion and over $107 billion of assets under management.

    *Contacts:*

    *Media*

    Annie Roberts: +44 20 3124 7080 | Annie.Roberts@willistowerswatson.com

    *Investors*

    Rich Keefe: +1 215 246 3961 | Rich.Keefe@willistowerswatson.com

    ^1 The 2018 Global ILS Market Survey was conducted before isolated incidents of collateral being released ahead of loss development was more broadly known Reported by GlobeNewswire 3 hours ago.

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    *Paris, 22 October 2018 -* Atos, a global leader in digital transformation, announces that its new generation of electromagnetic speed log, the LMN6, has been chosen by the French Navy to equip its ships and provide an even more accurate and secure way to measure their speed.

    The new features of the LMN6 make it possible to support the digital transition of combat ships while remaining compatible with previous versions.

    *LMN6, a new generation of electromagnetic speed log*

    · *With up to two speed sensors* (single or double axis), to ensure *extremely accurate measurements* the LMN6 not only measures longitudinal and transversal speeds but also allows for speed and distance information to be transmitted. Multiple sensors ensure continuity - in the case that one of the sensors fails, another will take over.
    · A *color touchscreen* *makes it easy to use* and *read*,
    · A *semi-automatic calibration by GPS* enables *faster installation* of the log in the vessel,
    · A *programmable console* mounted directly on the device *speeds up the installation and verification processes*,
    · An *Ethernet connection* provides *access to information* from anywhere on the ship and *securely* thanks to access authorization management. The LMN6 complies with the Information Systems Security (ISS) standards.

    The LMN6 will be installed at the end of the year on various-sized ships and used for different missions, such as La Fayette class frigates, Horizon-class frigates, surveillance frigates, Avisos and mine hunters.

    The French Navy has been working for almost 50 years with Atos' BEN Marine navigation instruments. Their robustness and reliability are a sign of confidence for the French Navy. Thus, the LMN6, the new generation of electromagnetic speed log, reflects this continuity, to meet the operational maintenance needs of the French Navy.

     

    *BEN Marine, Atos' range of navigation instruments*

    As the heir to Julien's navigation instruments workshop in Marseille (Bianchetti brand since 1822), BEN Marine was founded in 1962 to develop electromagnetic logs and flow meters. Today, BEN Marine is a robust and secure range of navigation solutions dedicated to maritime forces and merchant fleets, as part of Atos' portfolio of offerings. BEN Marine solutions are present in over 40 countries and via 50 distributors. To learn more about the BEN Marine range, click here.

    *The LMN6 and the BEN Marine range of solutions will be showcased at *Euronaval* in Paris Le Bourget [Hall 2, stand G38], 23-26 October 2018.*

    ****

    *About Atos*

    Atos is a global leader in digital transformation with 120,000 employees in 73 countries and annual revenue of € 13 billion. European number one in Cloud, Cybersecurity and High-Performance Computing, the Group provides end-to-end Orchestrated Hybrid Cloud, Big Data, Business Applications and Digital Workplace solutions through its Digital Transformation Factory, as well as transactional services through Worldline, the European leader in the payment industry. With its cutting-edge technologies and industry knowledge, Atos supports the digital transformation of its clients across all business sectors. The Group is the Worldwide Information Technology Partner for the Olympic & Paralympic Games and operates under the brands Atos, Atos Syntel, Unify and Worldline. Atos is listed on the CAC40 Paris stock index.

    *Press contact:*

    Sylvie Raybaud - sylvie.raybaud@atos.net - +33 6 95 91 96 71 - @Sylvie_Raybaud

    *Attachment*

    · Click here for the pdf version.pdf Reported by GlobeNewswire 3 hours ago.

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    S.Africa divers risk all to poach marine delicacies for China diners Cape Town (AFP) Oct 19, 2018

    One Saturday night in August, Deurick van Blerk, 26, climbed into his small boat off the coast of Cape Town on another of his illegal fishing expeditions. He never returned. Investigators are looking into allegations by fellow divers and his family that he was murdered, shot by a special task force during an anti-poaching operation in an increasingly violent battle between South African auth Reported by Terra Daily 34 minutes ago.

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    Oyster populations at risk as climate change transforms ocean ecosystems Washington (UPI) Oct18, 2018

    Oyster populations are likely to suffer, accelerating mortality rates as the effects of climate change progress, according to a new study. The research, published Tuesday in the journal Environmental Research Letters, suggests climate change - and its effects on regional climate variability, including an uptick in wet, warm winters - are likely to disrupt marine ecosystems and negativ Reported by Terra Daily 34 minutes ago.

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    Events Including Veterans Day Parade, Forgotten Heroes Appreciation Breakfast, Salute to Service Football Game

    PHOENIX (PRWEB) October 22, 2018

    The HeroZona Foundation’s week-long engagement for America’s veterans, including Arizona’s 640,000 veterans and 2,000 veteran owned companies, is excited to announce the invitation-only 7th annual HeroZona Foundation Forgotten Heroes Appreciation Breakfast, hosted by the Sons of the American Legion and spearheaded by Post 65 S.A.L. Commander, Dennis E. Prince Sr. The breakfast will occur on Saturday, November 10 at the Travis L. Williams American Legion Post 65 in Phoenix. Doors will open at 8:30 a.m. and will run from 9 a.m. to 10 a.m.

    “The HeroZona Foundation is excited to honor those who have served our country and their family members. We hope to empower and celebrate Arizona’s veterans at the breakfast,” says HeroZona Foundation founder and U.S. Army Desert Storm Veteran, Alan “AP” Powell.

    Special guests will include Arizona U.S. Congressman from the 7th District, Ruben Gallego; Director of the Arizona Department of Veterans’ Services and U.S. Air Force Colonel, Wanda A. Wright (R); President and CEO of the HeroZona Foundation and U.S. Air Force Veteran, Ronnie R. Willliams; State of Arizona District 27 Representative, Reginald Bolding Jr.; and National Legislative Director of the American Legion, U.S. Army Veteran and Scottsdale Native, Matthew J. Shuman. Shuman will also be a VIP guest at this year’s Phoenix Veterans Day Parade.

    District 27 Representative Reginald Bolding Jr. will also be busing in forgotten heroes from across the Valley for the breakfast. Bolding recently passed the House Bill 2575, which allows any veteran in Arizona to receive a free ID. IDs normally cost $25.

    “Our veterans spent their lives serving the people in this country and it is incumbent upon us to now serve our veterans. The driver’s license bill is one way to do that,” says Bolding.

    The breakfast will also have care packages donated by Diana Gregory Outreach Services, the Veggies for Veterans Program will be donating 100 packages of fresh vegetables. Additionally, United Healthcare will be donating 100 clothing bundles and Shoebox Ministry will donate 100 toiletry packages.

    “Travis L. Williams American Legion Post 65’s participation in the Veteran's Day Parade perpetuates the thanks we give to veterans. Hosting the HeroZona Foundation Forgotten Heroes Appreciation Breakfast is an honor for the Post,” Says American Legion Post 65 Commander, Jarvis Reddick.

    Following the HeroZona Foundation’s Forgotten Heroes Breakfast on Saturday, November 10, the ASU VS. UCLA Salute to Service Football Game will honor eight APS HeroPreneur Community Heroes for their exceptional support of U.S. veterans. On-field recognition will be given to these exceptional Arizonans by Arizona Public Service, the HeroZona Foundation and the Department of Veterans Services.

    “With 20% of our 6300 employees being military veterans, APS understands the clear value veterans bring to the workforce,” says retired U.S. Navy rear admiral Hal Pittman, APS Director of External Communications. “We’re pleased to be able to recognize these individuals and their superb efforts in supporting all veterans across Arizona, just as we’re pleased to again partner with Herozona in supporting our vets during this year’s Heropreneur summit.”    

    Individuals to be honored at the game include Joe Foss Institute Chairwoman, Karrin Taylor Robson; T he American Legion’s National Legislative Director and U.S. Army Veteran, Matthew J. Shuman; Arizona’s 27th District State Representative, Reginald Bolding Jr.;United Services Automobile Association’s AVP of HR Operations for the Regional Offices, Gay Meyer; President of the Veterans Medical Leadership Council and Col. U.S. Air Force (R), Sam Young; Southwest Veterans Foundation & Chamber of Commerce’s Executive Director and Col. U.S. Marine Corps (R), Tom Sheets; U.S. Vets Phoenix Executive Director, Michelle Jameson; and Stara Technologies Corporation’s Financial Analysis Director, Mark Rome.

    The Honoring Arizona’s Veterans Phoenix Veterans Day Parade will be another opportunity to show support to Arizona’s veterans for the 100th Anniversary of Veterans Day. The Phoenix Veterans Day Parade is the 4th largest Veterans Parade in attendance in the United States. Out of respect to local church services, the 2018 Phoenix Veterans Day Parade will be held the day after Veterans Day, on Monday, November 12 at 11 a.m. The parade starts at Montebello and Central Avenues running southbound and then will turn east onto Camelback Road, South on Seventh Street and will de-stage at Indian School Road.

    “To me, the importance of the event is way it helps our veterans. There’s something special about the honor and recognition they receive from the parade that helps them heal and that helps them transition back to their civilian life, which is really important to our community,” says Phoenix Veterans Day Parade Coordinator, Paula Pedene.

    The HeroZona Foundation’s HeroPreneur three day summit will then return to Phoenix from November 14 through November 16 to empower veterans through entrepreneurship, education, and careers. It is spearheaded by HeroZona and Arizona Department of Veterans’ Services, in conjunction with State of Arizona, City of Phoenix and Arizona Corporate Council, and Arizona Public Service will be a presenting sponsor. l. The U.S. Department of Veterans Affairs will also attend the HeroPreneur summit, hosting workshops for large companies, small veteran owned businesses and veterans interested in contracting government and earning certification.

    For more information about the HeroZona Foundation, visit hnvbs.com and herozona.org.

    About HeroZona Foundation
    The HeroZona Foundation has a strong focus on veteran initiatives and honoring those who have served our country and their family members. The nonprofit’s name reflects that messaging to focus on empowering and celebrating America’s veterans. Their upcoming event, HeroPreneur is a week-long Veterans Day engagement that has three pillars which empower Arizona’s veterans through entrepreneurship, education and employment. HeroZona‘s Annual Heropreneur National Veteran Business Summit has created a multi-day networking experience to improve America’s support of veteran companies through workshops, networking, entrepreneurial connections, and seminars; culminated by various entertainment events including the Phoenix Veterans Day Parade, HeroZona Honor Walk, Phoenix Sun’s NBA basketball game and other entertainment activities. For more information visit hnvbs.com, heropreneur.com or herozona.org. Reported by PRWeb 39 minutes ago.

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    MediBeacon’s Breakthrough Device is Intended to Measure GFR in
    Patients with Impaired or Normal Kidney Function

    NEW YORK, Oct. 22, 2018 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. (“HC2”) (NYSE:HCHC), a diversified holding company, announced today that the U.S. Food and Drug Administration (“FDA”) has granted Breakthrough Device designation to MediBeacon Inc., a portfolio company within HC2’s Pansend Life Sciences subsidiary, for the company’s Transdermal GFR Measurement System (“TGFR”).  The device is intended to measure Glomerular Filtration Rate (“GFR”) in patients with impaired or normal renal function.^1

    MediBeacon’s TGFR, which is designated by the FDA to be a combination product includes an optical skin sensor, monitor and MB-102, which is a proprietary fluorescent tracer agent that glows in the presence of light.  The TGFR is designed to provide clinicians continuous real-time measurement of GFR at the point of care with no need for blood sampling or urine collection.

    The ability to measure GFR is of high clinical interest especially in patients with or at risk of kidney disease. Kidney disease is a hidden epidemic, affecting more than 850 million people worldwide.  This is twice the number of people who have diabetes and more than 20 times the number of people with cancer.^2

    Under the Breakthrough Devices program, a provision of the 21st Century Cures Act, the FDA works with companies to expedite regulatory review in order to give patients more timely access to diagnostic and therapeutic technologies.  According to the FDA, a “Breakthrough Device” like the TGFR is a product that has the potential to be more effective at diagnosing a life-threatening or irreversibly debilitating disease or condition compared to the current standard of care.^3

    “We are extremely excited about MediBeacon’s breakthrough real-time kidney function measurement system,” said Philip Falcone, HC2’s Chairman, Chief Executive Officer and President.  “HC2 is committed to continued support of this remarkable innovation which has the potential to help millions of people around the world.”

    “We are delighted that the FDA has recognized the Transdermal GFR Measurement System meets the requirements for this designation,” said Steve Hanley, MediBeacon Chief Executive Officer.  “We look forward to continued close collaboration with the FDA as we begin our pivotal multicenter clinical study in the United States and Europe.”

    MediBeacon tracer agents and devices, including the TGFR, are not approved or cleared for human use by any regulatory agency.

    *About HC2*

    HC2 Holdings, Inc. is a publicly traded (NYSE:HCHC) diversified holding company, which seeks opportunities to acquire and grow businesses that can generate long-term sustainable free cash flow and attractive returns in order to maximize value for all stakeholders.  HC2 has a diverse array of operating subsidiaries across eight reportable segments, including Construction, Marine Services, Energy, Telecommunications, Life Sciences, Broadcasting, Insurance and Other.  HC2’s largest operating subsidiaries include DBM Global Inc., a family of companies providing fully integrated structural and steel construction services, and Global Marine Systems Limited, a leading provider of engineering and underwater services on submarine cables. Founded in 1994, HC2 is headquartered in New York, New York.  Learn more about HC2 and its portfolio companies at www.hc2.com.

    *About MediBeacon Inc.*

    MediBeacon’s mission is to commercialize biocompatible optical diagnostic agents for physiological monitoring, surgical guidance, and imaging of pathological disease in the human population. Several product concepts in these arenas are contained in the MediBeacon Intellectual Property estate. MediBeacon’s portfolio includes a renal function system that uses an optical skin sensor combined with a proprietary fluorescent tracer agent that glows in the presence of light. This system, currently in human trials, is designed to enable clinically practical point of care measurement of a patient’s kidney function.  Learn more about MediBeacon at www.medibeacon.com.

    *Cautionary Statement Regarding Forward-Looking Statements*

    Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release contains, and certain oral statements made by HC2’s representatives from time to time may contain, forward-looking statements. Generally, forward-looking statements include information describing actions, events, results, strategies and expectations and are generally identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” or “continues” or similar expressions. The forward-looking statements in this press release include, without limitation, statements regarding HC2’s expectation regarding building shareholder value and future cash and invested assets.  Such statements are based on the beliefs and assumptions of HC2’s management and the management of HC2’s subsidiaries and portfolio companies. HC2 believes these judgments are reasonable, but you should understand that these statements are not guarantees of performance or results, and HC2’s actual results could differ materially from those expressed or implied in the forward-looking statements due to a variety of important factors, both positive and negative, that may be revised or supplemented in subsequent reports on Forms 10-K, 10-Q and 8-K. Such important factors include, without limitation, issues related to the restatement of HC2’s financial statements; the fact that HC2 has historically identified material weaknesses in its internal control over financial reporting, and any inability to remediate future material weaknesses; capital market conditions; the ability of HC2's subsidiaries and portfolio companies to generate sufficient net income and cash flows to make upstream cash distributions; volatility in the trading price of HC2 common stock; the ability of HC2 and its subsidiaries and portfolio companies to identify any suitable future acquisition opportunities; HC2’s ability to realize efficiencies, cost savings, income and margin improvements, growth, economies of scale and other anticipated benefits of strategic transactions; difficulties related to the integration of financial reporting of acquired or target businesses; difficulties completing pending and future acquisitions and dispositions; effects of litigation, indemnification claims, and other contingent liabilities; changes in regulations and tax laws; and risks that may affect the performance of the operating subsidiaries and portfolio companies of HC2. Although HC2 believes its expectations and assumptions regarding its future operating performance are reasonable, there can be no assurance that the expectations reflected herein will be achieved. These risks and other important factors discussed under the caption “Risk Factors” in HC2’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”), and HC2’s other reports filed with the SEC could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release.

    You should not place undue reliance on forward-looking statements. All forward-looking statements attributable to HC2 or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made, and unless legally required, HC2 undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

    For information on HC2 Holdings, Inc., please contact:

    Andrew G. Backman
    Managing Director
    Investor Relations & Public Relations
    abackman@hc2.com
    212-339-5836

    ___________________________

    1 Data on file. MediBeacon Inc., St. Louis, MO.
    2 Joint Press Release, June 27, 2018 “The hidden epidemic: Worldwide, over 850 million people suffer from kidney diseases”, American Society of Nephrology – ASN (https://www.asn-online.org ), ERA-EDTA (http://web.era-edta.org ) and ISN (https://www.theisn.org).
    3 U.S. Food and Drug Administration. https://www.fda.gov/downloads/MedicalDevices/DeviceRegulationandGuidance/GuidanceDocuments/UCM581664.pdf Reported by GlobeNewswire 17 minutes ago.

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    *Deutsche Bank and ABN AMRO Engaged as Joint Advisors*NEW YORK, Oct. 22, 2018 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. (“HC2”) (NYSE:HCHC), a diversified holding company, announced today that it is exploring strategic alternatives, including a potential sale, for its Global Marine subsidiary.

    As part of this process, Global Marine Holdings, LLC (d/b/a Global Marine Group) (“Global Marine”), a leading provider of offshore engineering services to the telecommunications, renewables and oil & gas industries through its operating subsidiary Global Marine Systems Limited, has engaged Deutsche Bank Securities Inc. (“Deutsche Bank”) and ABN AMRO Bank N.V. (“ABN AMRO”) as joint advisors to explore strategic alternatives for the business. 

    “Since our acquisition four years ago, the management team at Global Marine has repositioned and strengthened itself by securing and maintaining leadership positions in various key growth markets, a testament to the strength of this business and the quality and focus of the team,” said Philip Falcone, HC2’s Chairman, Chief Executive Officer and President. “They’ve renewed the fleet of marine assets through strategic acquisitions and re-organized the business to pursue attractive growth opportunities, all while substantially reducing debt that was assumed during the acquisition. We believe exploring strategic options now will clearly position the next buyer to strategically capitalize on the next phase of growth of the Global Marine business, while allowing current investors an opportunity to realize substantial value creation since the acquisition in 2014. Reducing HC2’s debt cost of capital has been a top priority of ours, and we believe monetizing this asset will get us above and beyond that important goal.” 

    Mr. Falcone continued, “We’ve been delighted to be part of the Global Marine journey and having reviewed what we believe are incredible prospects for this business, we believe that now is the right time to explore strategic alternatives to support the growth trajectory of the business set by Executive Chairman Dick Fagerstal and long-term Chief Executive Officer Ian Douglas.”

    Since the acquisition of Global Marine by HC2, Global Marine has realized significant success across its business, including the following key initiatives and accomplishments:

    · Successfully renewed all three of its critical, long-term telecom maintenance agreements, representing approximately half of the world’s contracted telecom maintenance zones
    · Installed numerous telecom cables for key customers, including its various joint venture partners
    · Replaced two marine installation vessels with newer assets (Global Symphony and C.S. Recorder)
    · Re-entered the offshore power market through the acquisition of CWind in 2016, creating a platform to address compelling growth opportunities in the global market for offshore power construction and operations, installation, repair and maintenance services
    · Subsequently secured a number of long-term offshore power contracts with major utility and development companies
    · Created CWind Taiwan, a joint venture with IOVTEC, to pursue significant offshore wind opportunities in the Asia Pacific region
    · Following the acquisition of Fugro’s trenching and cable laying business in exchange for an equity stake in Global Marine by Fugro N.V in 2017, won and delivered several offshore power cable installation projects and currently building a significant pipeline of work in this growth market  
    · Recently formed a new business group, Global Offshore, to pursue installation and maintenance opportunities in the rebounding oil and gas markets
    · Continue to maintain solid backlog, including backlog from Global Marine’s Huawei Marine joint venture

    “We very much welcome this decision from HC2 to explore strategic options to support the continued growth of the Global Marine Group platform,” said Ian Douglas, Chief Executive Officer of Global Marine. “Together, we have strengthened the business and grown across our target markets, and we believe we have a great opportunity to accelerate our growth with our experienced and proven management team, strong balance sheet, enhanced and upgraded portfolio of marine assets and a solid pipeline of secured and potential project opportunities.”

    There can be no assurance that the exploration of any strategic alternative, including a potential sale, will result in a consummated transaction or other alternative.  Neither HC2 nor Global Marine has set a timetable for completion of the process, and neither intends to comment further regarding the process unless a specific transaction or other alternative is approved by their respective Boards of Directors, the process is concluded or it is otherwise determined that further disclosure is appropriate or required by law.

    *About HC2*

    HC2 Holdings, Inc. is a publicly traded (NYSE:HCHC) diversified holding company, which seeks opportunities to acquire and grow businesses that can generate long-term sustainable free cash flow and attractive returns in order to maximize value for all stakeholders.  HC2 has a diverse array of operating subsidiaries across eight reportable segments, including Construction, Marine Services, Energy, Telecommunications, Life Sciences, Broadcasting, Insurance and Other.  HC2’s largest operating subsidiaries include DBM Global Inc., a family of companies providing fully integrated structural and steel construction services, and Global Marine Systems Limited, a leading provider of engineering and underwater services on submarine cables. Founded in 1994, HC2 is headquartered in New York, New York.  Learn more about HC2 and its portfolio companies at www.hc2.com.

    *About Global Marine Group*

    The Global Marine Group (GMG) is part of Global Marine Systems Limited, which is an operating subsidiary of HC2 Holdings, Inc. (NYSE: HCHC).  GMG is a market leader in offshore engineering and is recognized as a high quality, independent strategic partner across multiple sectors.  GMG consists of three business units; Global Marine, providing subsea fiber optic cable solutions to the telecommunications industry, CWind, delivering power cable and asset management services topside and subsea to the offshore renewables and utilities markets, and Global Offshore, delivering the trenching and power cable laying services to the oil & gas sector.

    GMG has two joint ventures in China with S.B. Submarine Systems (SBSS) and Huawei Marine Networks (HMN), demonstrating its true global reach and integrated operations. The combined experience and knowledge has led to significant embedded intellectual property and an enviable track record of quality operations.

    GMG has an outstanding record in health & safety and proudly hold the RoSPA Order of Distinction, following 19 consecutive years of receiving their Gold Standard in recognition of outstanding occupational health & safety standards.

    GMG is in a unique position, owning the world’s largest independent marine contracting fleet including four specialist cable installation and repair vessels, four maintenance vessels and 21 CTVs. With a workforce that has an impressive total of over 6,300 years of service, and an average service length of approximately 12 years.

    GMG boasts a number of industry achievements, from installing the first subsea cable in 1850, being part of the consortium that invented the universal joint, and right through to today, finding solutions for client challenges such as blade repair for offshore wind turbines. GMG aspires to achieve its vision ‘Engineering a clean and connected future.’

    For more information about the Global Marine Group, Global Marine, CWind and Global Offshore, please visit our websites at www.globalmarine.group, www.globalmarine.co.uk, www.cwind.global and www.globaloffshore.co.uk.

    *Cautionary Statement Regarding Forward-Looking Statements*

    Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release contains, and certain oral statements made by HC2’s representatives from time to time may contain, forward-looking statements. Generally, forward-looking statements include information describing actions, events, results, strategies and expectations and are generally identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” or “continues” or similar expressions. The forward-looking statements in this press release include, without limitation, statements regarding HC2’s expectation regarding building shareholder value and future cash and invested assets.  Such statements are based on the beliefs and assumptions of HC2’s management and the management of HC2’s subsidiaries and portfolio companies. HC2 believes these judgments are reasonable, but you should understand that these statements are not guarantees of performance or results, and HC2’s actual results could differ materially from those expressed or implied in the forward-looking statements due to a variety of important factors, both positive and negative, that may be revised or supplemented in subsequent reports on Forms 10-K, 10-Q and 8-K. Such important factors include, without limitation, issues related to the restatement of HC2’s financial statements; the fact that HC2 has historically identified material weaknesses in its internal control over financial reporting, and any inability to remediate future material weaknesses; capital market conditions; the ability of HC2's subsidiaries and portfolio companies to generate sufficient net income and cash flows to make upstream cash distributions; volatility in the trading price of HC2 common stock; the ability of HC2 and its subsidiaries and portfolio companies to identify any suitable future acquisition opportunities; HC2’s ability to realize efficiencies, cost savings, income and margin improvements, growth, economies of scale and other anticipated benefits of strategic transactions; difficulties related to the integration of financial reporting of acquired or target businesses; difficulties completing pending and future acquisitions and dispositions; effects of litigation, indemnification claims, and other contingent liabilities; changes in regulations and tax laws; and risks that may affect the performance of the operating subsidiaries and portfolio companies of HC2. Although HC2 believes its expectations and assumptions regarding its future operating performance are reasonable, there can be no assurance that the expectations reflected herein will be achieved. These risks and other important factors discussed under the caption “Risk Factors” in HC2’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) and HC2’s other reports filed with the SEC could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release.

    You should not place undue reliance on forward-looking statements. All forward-looking statements attributable to HC2 or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made, and unless legally required, HC2 undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

    For information on HC2 Holdings, Inc., please contact:

    Andrew G. Backman
    Managing Director
    Investor Relations & Public Relations
    abackman@hc2.com
    212-339-5836  Reported by GlobeNewswire 8 minutes ago.