SGX AND BALTIC EXCHANGE EXTEND PERIOD OF EXCLUSIVE DISCUSSIONS
Singapore Exchange (SGX) has agreed with the Baltic Exchange Limited (Baltic Exchange) to extend the period of exclusive discussions regarding a cash offer for 100% of the share capital of the Baltic Exchange (Transaction) from 30 June 2016 to 31 August 2016.
SGX and the Baltic Exchange have together met with shareholders and much of the stakeholder community over the past weeks to discuss the Transaction and have made good progress in consultations. The extension to the period of exclusivity allows this dialogue to continue before the final terms of the Transaction are agreed.
CARGO CARE SOLUTIONS SHOWCASE PROJECT MANAGEMENT AT POSIDONIA
Cargo Care Solutions (CCS), the cargo hold hatch cover and Ro-Ro equipment specialists showcased the growing demand for project management the company has seen at last month’s Posidonia event in Athens, Greece.
As a result of continuing demand, CCS showcased its latest involvement in project management capabilities including budgeting, parts delivery and follow up, as well as carrying out inspections, including ultrasonic weather tightness testing, and repair work.
Speaking of the need for efficient planning of hatch cover maintenance and how it is also becoming more important as ship sizes increase, Peter Peltenburg, CEO of Cargo Care Solutions (pictured above) said: “We have specialist expertise in this area, and know what needs doing and how long it will take. That means we can pre-plan works for the drydocking giving the ship operator input for building the correct scope to the shipyards which in the end can avoid high unexpected costs while on the shipyard. During the repair period we manage the process, supervise the
works and provide daily updates to the representatives of the operator.”
SGX reiterates that there is no assurance that the exclusivity agreement signed on 25 May 2016 will lead to any definitive agreement(s) or completion of the Transaction. SGX will comply with the listing rules of the Singapore Exchange Securities Trading Limited, and will promptly disclose any material developments with regard to the Transaction by way of public announcement.
About Singapore Exchange (SGX) Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.
NOVACAVI SUPER DYNAMIC PERFORMANCE AND EXTREME TEMPERATURE RESISTANT CABLES FOR CIVIL AVIATION
Novacavi awarded another contract to deliver super dynamic custom cables performing at extreme temperatures range for civil aviation segment.
Since 2006 Novacavi has designed and manufactured fluoropolymer special cables for de-icing systems for civil aircrafts. These cables are conceived to guarantee stable mechanical properties when dynamically used under the temperature range to which civil aircrafts are exposed worldwide.
“When dynamic exposure to extreme temperature requires improved reliability, our fluoropolymer cables offer outstanding performance characteristics in diverse applications for aerospace and defense, life sciences, energy, underwater and beyond.” says Francesca Faverio, Business Development Manager of the company.
Established in 1975, specialist cable manufacturer Novacavi conceives, manufactures and provides in-house high quality bespoke cables matching customers’ exact requirements – even if small quantities are needed in a variety of demanding applications.
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www.dockyard-mag.com | July 2016
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