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IEC Telecom has become an official Iridium® GMDSS provider IEC Telecom has signed a partnership agreement with Iridium to become one of the official Iridium GMDSS service providers. For a long time, the GMDSS market was limited to only one satellite technology provider. This has changed with the introduction of the Iridium GMDSS service in December 2020. Offering truly global coverage, Iridium has become the only operator providing this type of service for vessels navigating in sea area A4, which includes the polar regions. “Signing this partnership agreement with Iridium synchronises with our strategic vision to provide our customers with a reliable service where and when they need it the most, including the Northern Shipping Routes. The latter have a great potential to become a competitive trade channel in the near future. Cargo traffic in that area has been increasing for the past five years and this trend is here to stay,” says Dominique Audion, Group Chief St ....
Mar 04 2021 Northern Shipping Fund Management LLC (“Northern Shipping”) announced that it had a final closing for Northern Shipping Fund IV LP (“NSF IV”) with total investor commitments of $636 million, exceeding its $600 million target. NSF IV received commitments from new and existing investors, including public and private pension funds, insurance companies and other institutions.
Sean Durkin, Managing Partner, Northern Shipping, commented: “Northern Shipping is very pleased to have the continued support of our existing institutional investors and to welcome new investors to share in our maritime asset-based credit strategy.”
Sybren Hoekstra, Managing Partner, Northern Shipping, said: “We believe that opportunities to provide alternative financing solutions to vessel owners and operators continue to expand as the reduction in traditional bank lending to the maritime industry has accelerated during th ....
Northern Shipping Fund Management LLC Announces Final Closing Of Northern Shipping Fund IV LP hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.