Month: May 2021

ExxonMobil, Albemarle partner to establish Galexia Platform

ExxonMobil, Albemarle partner to establish Galexia Platform

first_imgThe collaboration between ExxonMobil and Albemarle builds on and strengthens their long-term relationship in specialty hydroprocessing Image: Grow with the Galexia hydroprocessing platform . Photo: Courtesy of Business Wire. ExxonMobil Catalysts and Licensing and Albemarle announced today a transformative hydroprocessing suite of catalyst and service solutions for the refining industry called the Galexia™ platform. The platform enables an improved way of doing business, ensuring customer demands are better addressed at every stage throughout the value chain.“Refiners demand not only superior products, but greater opportunities to create value and optimize their operations,” said Dan Moore, president of ExxonMobil Catalysts and Licensing LLC. “With a unique, comprehensive solutions suite in the Galexia platform, we are focused on enabling our customers to achieve greater levels of productivity amid an increasingly competitive environment.”Uniquely leveraging the technical experience, refinery operating know-how and successful track record of both companies, users are given access to state-of-the-art hydroprocessing catalysts and our vast experience in catalyst load optimization. The Galexia platform goes beyond traditional product offerings to help refiners optimize performance and efficiency by analyzing operations and identifying opportunities to extract additional value across the plant.“The Galexia platform will generate great value as we are combining complementary strengths in years of catalyst development and application knowledge with unique refinery operation experience,” said Raphael Crawford, president of Albemarle Catalysts. “We are ready to collaborate with our customers to take advantage of the full potential of catalyst activity.”The collaboration between ExxonMobil and Albemarle builds on and strengthens their long-term relationship in specialty hydroprocessing. As a result, customers will benefit from access to combined pretreat and dewaxing solutions through a single partner that provides both refinery owner/operator and catalyst experience.Together, the two companies developed and commercialized the Celestia and Nebula catalysts, which enhance performance and profit margins of both hydrocrackers and distillate hydrotreating units around the world. Albemarle’s STAX® technology can optimize combinations of Nebula, Celestia and MIDW™ catalysts, demonstrating unparalleled performance under the most challenging process conditions – unlocking value beyond the hydrotreating unit made possible with ExxonMobil’s operating knowledge. Source: Company Press Releaselast_img read more

BP makes $1.1bn offshore wind debut wind with Equinor partnership

BP makes $1.1bn offshore wind debut wind with Equinor partnership

first_imgBP will work with Equinor to develop the Empire Wind and Beacon Wind offshore projects along the eastern US coast as it pursues clean energy agenda US offshore wind venture ‘important step’ in BP diversification strategyEarlier this year, BP announced a major strategic overhaul to achieve net-zero emissions by mid-century, a plan that will involve greater emphasis on renewable energy and a move away from its traditional focus on fossil fuels.It revealed last month that it aims to grow its renewable-generating capacity to 50 gigawatts (GW) by 2030, compared to 2.5GW in 2019, raising its annual investment into the sector ten-fold to around $5bn a year.Further details of the firm’s net-zero strategy are expected to be revealed next week at a company event.BP chief executive Bernard Looney said: “This is an important early step in the delivery of our new strategy and our pivot to truly becoming an integrated energy company. Offshore wind is growing at around 20% a year globally, and is recognised as being a core part of meeting the world’s need to limit emissions.“Equinor is a recognised sector leader and this partnership builds on a long history between our two companies. It will play a vital role in allowing us to deliver our aim of rapidly scaling up our renewable energy capacity, and in doing so help deliver the energy the world wants and needs.” BP aims to operate 50GW of renewable energy capacity by 2030 BP has taken its first step into the offshore wind market as it advances plans to diversify away from fossil fuels and reach net-zero emissions by 2050.The UK oil major will pay $1.1bn to Equinor, Norway’s state-backed energy firm, for a 50% interest in both the Empire Wind and Beacon Wind assets off the eastern US coast.The arrangement will also involve a strategic partnership through which the two companies will explore further offshore wind opportunities in the US.The waters off America’s coastlines have been tipped for significant growth in wind energy over the coming years. The American Wind Energy Association estimates a potential overall offshore electricity-generation capacity of more than 2,000GW.center_img Empire and Beacon wind farms could power more than two million US homesEquinor acquired leasing rights to the Empire Wind project in 2016 at a cost of $42.5m. The 80,000-acre site is located southeast of Long Island, and has an estimated electricity-generation capacity of 2GW.Beacon Wind is planned for an area of 128,000 acres approximately 60 miles east of Montauk Point and 20 miles south of Nantucket off the Massachusetts coastline, and has a final estimated generation capacity of 2.4GW.Taken together, the offshore wind projects will supply enough clean electricity to power more than two million US households.Equinor chief executive Eldar Sætre said: “Our partnership underlines both companies’ strong commitment to accelerate the energy transition and combining our strengths will enable us to grow a profitable offshore wind business together in the US.”Like BP, the Norwegian firm is seeking to reduce its reliance on fossil fuels as it aims to reduce its carbon footprint in line with global climate targets, and has targeted a renewable-generation capacity of 4-6GW by 2026 and 12-16GW by 2035.Last month, Sætre announced his resignation from his role as CEO, and his successor Anders Opedal – a 23-year company veteran who will take charge in November – has committed to accelerating Equinor’s shift to becoming a “broad energy company” with a focus on growing its renewables portfolio.Under the agreement with BP, the Norwegian firm will continue its role as operator during the construction and operations phase for both assets, with both wind farms to be staffed equally between the two companies “over time”.last_img read more

Here’s how much longer tenants are renting

Here’s how much longer tenants are renting

first_imgHome » News » Here’s how much longer tenants are renting previous nextHere’s how much longer tenants are renting40% of renters tell online letting agent Upad that they have been renting for more than four years.Nigel Lewis9th October 20170963 Views Forty percent of tenants have been renting for four years or more, it has been revealed, highlighting the long-term ‘generation rent’ nature of the lettings market.The research, carried out by online agent Upad, also reveals that 13% of tenants are divorcees who have moved out of the marital home – a demographic described brutally recently in the Agents’s Diary blog – and that 90% of tenants are not currently looking to buy a home.Also, one in five tenants are previous home owners although there is one unusual group of tenants identified in the data – those who are renting in order to understand a neighbourhood better before they buy – and a quarter of tenants also say they prefer to rent because it offers flexibility as they move around with work.RentingThe UK’s high house prices are bearing down on generation rent, the research shows; a quarter of tenants say they couldn’t afford a mortgage even if they wanted to buy a home.“The number of long-term tenants alongside those who have no desire to ever own a home further highlights the importance of landlords in the housing sector, and how they will remain so for many years to come,” says Upad’s founder and CEO James Davis.“Given the proposed letting fees ban has progressed to the debate stage in Westminster it will be intriguing to see if the Government ever wakes up to the obvious importance of landlords in the marketplace.”james davis upad October 9, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021last_img read more

Fintech firm reveals it values properties based on sewer cocaine level data

Fintech firm reveals it values properties based on sewer cocaine level data

first_imgAn innovative proptech mortgage company backed by Savills has said it uses drug usage statistics gleaned from sewer monitoring to value homes prior to making loan offers.The extraordinary claim was made by Proportunity CEO and cofounder Vadim Toader at a Google Campus gathering in London’s Old Street tech neighbourhood this week.While explaining to a crowded room of fellow tech start-up entrepreneurs how his company values properties, he revealed that Proportunity’s data scientists use reports from official measurements of chemical compounds in sewers to determine levels of local drug use and therefore measure an area’s economic development.Attendees were shocked to hear that gentrification of a postcode can be measured by a reduction in crack cocaine residue present in local sewers.Fintech valuationToader said that this was one of 100 indicators the company uses to measure a property’s likely future value alongside more traditional measurements such as whether fashionable retailers had opened in an area, levels of unemployment, Ofsted school ratings, levels of crime, property size and number of bedrooms.This information is used by Proportunity alongside machine learning techniques to pinpoint hidden property bargains for sale on the market and then offer loans to first time buyers based on predicted future value.The fintech firm, which was founded in 2016 by Toader and Stefan Boronea, is an FCA-approved mortgage lender and that only operates in London.But in many ways it is similar to the government’s Help to Buy equity scheme. Proportunity take a 15% equity in each property which is repayable after five years and offers borrowers interest-only loans as well as under-priced homes to buy.help to buy proptech Proportunity Stefan Boronea Vadim Toader October 5, 2018Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Fintech firm reveals it values properties based on sewer cocaine level data previous nextProptechFintech firm reveals it values properties based on sewer cocaine level dataFounder of Savills-based Proportunity reveals extraordinary fact during presentation to fellow tech start-up entrepreneurs in London.Nigel Lewis5th October 201802,466 Viewslast_img read more

Estate agent fined £4,000 for not displaying correct tenant and landlord fees information

Estate agent fined £4,000 for not displaying correct tenant and landlord fees information

first_imgAn estate agent in London has been fined £4,000 for not displaying both details of its Client Money Protection scheme or accurate details of the fees it charges tenants and landlords.Atco Estates on Green Lane in Dagenham was advised two years ago by local Trading Standards officers about displaying accurate details of its tenant and landlord fees.But during a check by in May 2017 it was discovered its website still listed inaccurate fees information. Enforcement action followed and the fine was issued by a third-tier tribunal.Details of the fine have taken so long to be published because Atco Estates appealed the initial decision.Appeal dismissedThe company claimed it had published the correct information and that it could not afford the fine. This appeal has now been dismissed by the tribunal.“We won’t allow businesses who do not play by the rules to get away with it,” says Barking & Dagenham councillor Margaret Mullane (left).“If you want to be a letting agent in Barking and Dagenham, the message is crystal clear: you must comply with the law. We will continue to clamp down on rogue letting agents.”Atco Estates, which has been trading since 2012 and appears to specialise in lettings, has four homes listed for sale and 36 rental properties.The company has now updated its fees list. It charges a £450 holding deposit to prospective tenants, a £60 call-out charge to fix faults cause by a tenant and £100 to renew a tenancy, among others. atco Barking and Dagenham February 8, 2019Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Estate agent fined £4,000 for not displaying correct tenant and landlord fees information previous nextEstate agent fined £4,000 for not displaying correct tenant and landlord fees informationAtco Estates in London unsuccessfully appealed the original decision claiming it had displayed the correct fees and could not afford the fine.Nigel Lewis8th February 201902,840 Viewslast_img read more

Martin & Co raises fees to landlords by 10% to offset tenant fees ban

Martin & Co raises fees to landlords by 10% to offset tenant fees ban

first_imgHome » News » Agencies & People » Martin & Co raises fees to landlords by 10% to offset tenant fees ban previous nextAgencies & PeopleMartin & Co raises fees to landlords by 10% to offset tenant fees banCompany’s parent group says it has offset the income lost following the ban six months earlier than it expected to.Nigel Lewis20th November 201902,643 Views The parent company of Martin & Co and Ewemove has revealed that the group has managed to recoup the revenue it had expected to lose following the tenant fees ban.The Property Franchise Group (TPFG) had originally told investors that it would take until the middle of 2020 to mitigate the effects of the ban. TPFG says revenue from lettings reached a record £5.96 million last month despite fees charged to tenants having previously represented 16% of lettings turnover.This is somewhat less than the industry average; a report by Fixflo released on Monday revealed that on average a fifth of estate agents have lost more than 20% of their income following the ban and that only 2% had managed to maintain revenue levels.TPFG has hung its success on the cost savings of its franchise model, an increase in tenant demand and, most importantly, raising fees to its landlords by 10% to £4.28m in October from £3.88m in October last year.“We are delighted that the mitigating actions we’ve recommended to our franchisees have taken effect as hoped and at a good pace,” says TPFG CEO Ian Wilson.“We now expect to achieve full mitigation of the impact of the tenant fee ban a full six months earlier than originally hoped.“At a challenging time for the industry, where many independent lettings agencies are considering leaving the sector, our Group continues to show its strength.”TPFG says the recovery in lettings revenue across the business comes at a good time; in its trading update to the City this morning it has also warned that the sales market continues to ‘soften’. November 20, 2019Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021last_img read more

Public confusion and anger rises over property viewings restrictions

Public confusion and anger rises over property viewings restrictions

first_imgGovernment guidance that agents should keep physical property viewings to a minimum by ensuring those who request them have a serious intent to buy are beginning to cause confusion and some anger among house hunters.The Negotiator has looked through hundreds of comments online and it’s clear that consumers are not aware that agents have been told by official guidance that: “Initial property viewings should be done virtually wherever this is possible and physical viewings should only be conducted where buyers are seriously considering making an offer on a property.”Location, Location, Location TV star Kirstie Allsopp stepped into the debate to defend the industry following a storm of complaints on Twitter this week that agents were asking potential viewers for ‘unreasonable’ proof of purchase intention.This included @KentishJane who said: “Estate Agents always pull these tricks, even before Covid” and @JillT from Hertfordshire who complained that: “My agent isn’t allowing anyone ‘not proceedable’ to view at the moment for obvious reasons!Prove funds“Aside from anything else they are on reduced staff and all viewings accompanied so don’t have staff or time for everyone. I’m ok with that, but having to prove funds, not sure?!”Allsop replied that: “I have to say that this, while totally maddening for those in this situation, does seem reasonable. Problem is people often don’t jump till they see the next ship on the horizon. Eventually this will bung up [the] system.”And Londoner @IslaFraser reported that her father was told he couldn’t view a property without proof of funds, complaining that this ‘seems overly cautious’.But some agents would appear to be going too far. Richard Baker from Bromsgrove in the West Midlands, took to social media to complain that an estate agent had required him to complete a mortgage application with the firm’s broker prior to seeing a property.“I’ve always felt agents should do more to ensure everyone has their ducks in a row. Forcing people to see an agent’s mortgage ‘adviser’ is wrong,” said Allsopp.Kirstie Allsopp property viewings twitter May 28, 2020Nigel Lewis2 commentsCambell Evans, Evans Bros Evans Bros 28th May 2020 at 10:27 amThe problem I see is that the second we question if viewers are “seriously considering making an offer on a property” we create animosity because we are effectively questioning the persons integrity. I can easily imagine defensive responses like “Of course I am serious; what makes you think I’m not?” or “Do you want to sell the place or not?” and we’re in the viewers bad books before they’ve even seen the property. I suspect this was dreamt up by an academic think tank. As usual, there is a way of saying things without rubbing people up the wrong way, but this isn’t going to be as easy as the academics think.Log in to ReplyMichael Leyton, littlewoods estate agents littlewoods estate agents 28th May 2020 at 9:09 amMost agents recognise that the amount of time wasters just looking ,or just thinking of moving home has become totally unreasonable over recent years. They view homes because they can and not because they want to buy .We are not a form of free entertainment on an otherwise dull day. People go out looking at property as if they are just buying a bag of sweets from the local corner shop… nothing more serious than that. Covid19 will sort the wheat from the chaff for sure. We do need to protect our sellers at this time by focusing on serious buyers only and discatd the time wasters, however asking for proof of funds or a mortgage interview before viewing is a little extreme. Proof that a buyer is officially on the open market should be a minimum requirement …..Log in to ReplyWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » COVID-19 news » Public confusion and anger rises over property viewings restrictions previous nextRegulation & LawPublic confusion and anger rises over property viewings restrictionsGovernment guidance that agents should only allow viewings to those who are serious and ‘likely to make an offer’ is riling many people on social media – including Kirstie Allsop.Nigel Lewis28th May 20202 Comments4,132 Viewslast_img read more

OnTheMarket staff face headcount reduction as ‘uncertainty continues’

OnTheMarket staff face headcount reduction as ‘uncertainty continues’

first_imgProperty portal OnTheMarket.com is considering a ‘small number’ of redundancies, it has been announced.Its Acting Chief Executive, Clive Beattie, says the decision has been made as uncertainty remains within the wider economy alongside a ‘change in business practices’.This is a likely reference to agents implementing the government’s social distancing rules and restricting face-to-face appointments with sales people. The Negotiator put this suggestion to OnTheMarket but was told that it would not comment further ‘due to the sensitivities of the announcement’.A report by Kinsey recently revealed that almost 90 percent of sales have moved to a Zoom model during Covid, and that ‘while some scepticism remains, more than half believe this is equally or more effective than [traditional] sales models’ used before COVID-19.“The emergence of COVID-19 has affected all of us and through these challenging times my colleagues have shown exceptional resilience,” says Beattie.“We responded quickly through a number of considered measures including the selective use of the Coronavirus Job Retention Scheme and the curtailment of discretionary marketing spend.“Despite that, uncertainty remains and business practices have changed for the foreseeable future.“Regrettably, we are therefore considering a small number of redundancies to ensure that we are best placed to support our agents for the long-term.”OTM is not the first of the portals to consider a headcount reduction. Staff at Zoopla’s software division are currently going through a consultation as it restructures two of its operations at Brackley and Pocklington – where their software brands such as Alto, Vebra and Jupix are based.OTM redundancies OnTheMarket OTM August 3, 2020Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Marketing » OnTheMarket staff face headcount reduction as ‘uncertainty continues’ previous nextMarketingOnTheMarket staff face headcount reduction as ‘uncertainty continues’Portal’s acting CEO says he faces ‘regrettable’ decision to consider redundancies as realities of COVID aftermath affect the business.Nigel Lewis3rd August 202001,129 Viewslast_img read more

Rightmove challenger raises £5.4 million from high-profile investors

Rightmove challenger raises £5.4 million from high-profile investors

first_imgRightmove challenger OneDome has raised a further £5 million in funding as it jostles with several key competitors to become the next big property portal.The tech platform, which claims to be first to offer property buyers a combined property search, mortgage application and conveyancing service in one place, has now raised a total of £13 million in funding since it started up four years ago.Out of all the challenger portals, OneDome arguably has the most high profile backers including Lord Rothschild, the Rueben Brothers, City giant Clark Winslow, Sir Nigel Knowles and the Alliance clothing family.OneDome differentiates itself from Rightmove and Zoopla by focusing on the whole home-buying process by connecting all the steps in the process into a single customer experience.It also enables estate agents to advertise on its platform for free, and like many challenger portals has been making hay from the ‘Say No To Rightmove’ campaign.The new cash will be spent on an e-Homebuyer system to enable purchasers and vendors transact in just four weeks as well as increased marketing to gain industry market share – which currently stands at 48% –  and consumer awareness.“We are delighted to have closed our series A funding round with support from such prominent names in the investment world,” says Babek Ismayil (left),  CEO of OneDome.“The home buying process has had little impact from technology and innovation, which has transformed our experiences in other areas of our life from shopping to food ordering. While home buying is naturally a more complex process, it can still be dramatically improved and optimised.”Visit OneDome.Rueben brothers Lord Rothschild OneDome Rightmove Babek Ismayil Zoopla September 28, 2020Nigel Lewis2 commentsAndrew Stanton, CEO Proptech-PR Real Estate Influencer & Journalist CEO Proptech-PR Real Estate Influencer & Journalist 30th September 2020 at 7:07 amOneDome now hitting its fifth year, and looking at its profit and loss as shown on its annual accounts (2018-2019) it would seem that in the past two years that is close to a £10M minus figure. I see headline figures of new cash all the time pouring into some Tech companies, but should not profitability be the model, rather than using fresh cash to keep things moving. My question would be, without a £5M raise – how many months could it have traded on? I might be old fashioned but generating profit, rather than burning cash should be the number one priority for any business.Log in to ReplyAndrew Stanton, CEO Proptech-PR Real Estate Influencer & Journalist CEO Proptech-PR Real Estate Influencer & Journalist 29th September 2020 at 6:23 amOneDome now hitting its fifth year, and looking at its profit and loss as shown on its annual accounts (2018-2019) it would seem that in the past two years that is close to a £10M minus figure. I see headline figures of new cash all the time pouring into some Tech companies, but should not profitability be the model, rather than using fresh cash to keep things moving. My question would be, without a £5M raise – how many months could it have traded on? I might be old fashioned but generating profit, rather than burning cash should be the number one priority for any business.Log in to ReplyWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Marketing » Rightmove challenger raises £5.4 million from high-profile investors previous nextMarketingRightmove challenger raises £5.4 million from high-profile investorsFour-year-old platform OneDome has raised the cash from existing and new investors including Lord Rothschild and property magnates, the Rueben Brothers.Nigel Lewis28th September 20202 Comments2,147 Viewslast_img read more

UK: GAC Solutions Leads Discussion to Combat Sea Crime

UK: GAC Solutions Leads Discussion to Combat Sea Crime

first_img View post tag: GAC View post tag: Naval View post tag: leads View post tag: News by topic Back to overview,Home naval-today UK: GAC Solutions Leads Discussion to Combat Sea Crime UK: GAC Solutions Leads Discussion to Combat Sea Crime View post tag: Crime View post tag: discussion View post tag: seacenter_img Share this article June 21, 2012 View post tag: Combat Industry news The current focus on armed support for vessels transiting high risk maritime areas in Africa, the Middle East and elsewhere should not become the norm, GAC Solutions’ Christer Sjödoff has told delegates from the shipping and offshore industries who gathered in London to debate long-term, effective ways to tackle the threat of sea crime.Speaking at the ‘Lunch and Learn’ event hosted by GAC Protective Solutions, Sjödoff said that sole reliance on private maritime security companies is not a long-term solution to maritime security threats around the world.GAC Protective Solutions – a strategic partnership between global shipping, logistics and marine services provider GAC and maritime intelligence agency AKE – detailed recent developments in sea crime across East and West Africa. Law firm Stronachs LLP, which provides legal diligence services to banks and equity providers in the oil and gas industry, also delivered an insight into the legal responsibilities and threats of operating in high-risk areas.Sjödoff, GAC’s Group Vice President Solutions, says: “We hosted the Lunch and Learn session to address the longer-term issues and developments of sea crime globally, and to ensure that non-lethal preventative solutions are being seriously discussed. While there is value in providing armed support on some vessels transiting high risk areas, we feel strongly that this approach should not become a widespread industry norm. Rather, we should ensure that owners and operators have access to the latest intelligence regarding current and developing patterns of sea crime, as well as the means to proactively harden their vessels and train all crew members ahead of any voyage, both of which are fundamental to combating sea crimes.”AKE’s Maritime Director, Rick Filon, says: “As an industry, we have rushed to arm ourselves against a violent threat, which is understandable. However, this is neither a proportionate response nor a sustainable long-term solution. Further, the simple presence of arms on board may even lead to an escalation of violence. Whilst we must always remain vigilant, it is clear that effective risk mitigation and the use of preventative solutions provide a global, cost effective and safe solution that is proportionate to the threat of sea crime.”GAC Protective Solutions provides onboard crew training, pre-voyage preparation, defensive configurations including the latest citadel door protection from Intelligent Engineering and remotely-operated water cannon systems from Unifire, and real-time intelligence alerts on global maritime security issues.[mappress]Naval Today Staff , June 21, 2012; Image: Royal Navy View post tag: solutions View post tag: Navylast_img read more