OSLO: Fred. Olsen Windcarrier AS (FOWIC) has entered into two new long- term non-recourse debt financing arrangements related to the three offshore wind turbine transportation and installation jack-up vessels under its indirect ownership (Brave Tern, Bold Tern and Blue Tern). In conjunction with the financing, it is established a green loan framework with an eligibility…
AM Best affirms credit ratings of AMERISAFE Inc. and its operating subsidiaries
OLDWICK: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” of American Interstate Insurance Company (Omaha, NE), Silver Oak Casualty, Inc. (Omaha, NE) and American Interstate Insurance Company of Texas (Austin, TX) (collectively referred to as AMERISAFE Insurance Group or the group). Concurrently,…
AM Best upgrades issuer credit rating of Nations Insurance Company
OLDWICK: AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb+” from “bb” and affirmed the Financial Strength Rating (FSR) of B (Fair) of Nations Insurance Company (Nations) (Cerritos, CA). The outlook of the Long-Term ICR has been revised to stable from positive, while the outlook of the FSR remains stable. The…
Mapletree Industrial Trust to acquire remaining 60% interest in 14 Data Centres in USA
SINGAPORE: DBS Trustee Limited, a trustee of Mapletree Industrial Trust (MIT), has entered into agreements for the proposed acquisition of the remaining 60% interest in the 14 data centres in the United States of America currently held by Mapletree Redwood Data Centre Trust (MRDCT) at a purchase consideration of $210.9 million. The agreed property value…
Rutherford Health signs £55m development framework agreement with Equitix
LONDON: Rutherford Health plc has entered into a £55 million development framework agreement (DFA) with Equitix Limited, a leading investor, developer and long-term fund manager of core infrastructure assets in the UK and Europe. Under of the terms of the agreement, Rutherford and Equitix will establish up to five new diagnostic facilities in the UK,…
Fox Marble gets large volume order of processed marble
LONDON: Fox Marble, company focused on marble quarrying and processing in Kosovo and the Balkans region, has signed a contract to supply 15,000 square metres of cut and polished tiles and 19,000 metres of bespoke cut to size products to CC Apartments LLC. CC Apartments LLC is engaged in developing several prestigious projects including apartments…
Akili receives approval to market EndeavorRx in Europe as a digital treatment for children with ADHD
LONDON: PureTech Health’s founded entity, Akili Interactive has received a Conformité Européenne (CE) Mark for EndeavorRx (AKL-T01) as a prescription-only digital therapeutic software intended for the treatment of attention and inhibitory control deficits in paediatric patients with Attention Deficit Hyperactivity Disorder (ADHD). While EndeavorRx is not yet available in Europe, the CE Mark enables Akili…
Vection Technologies launches ‘Trainer Creator’ real-time software
SYDNEY, AUSTRALIA: Vection Technologies has launched ‘Trainer Creator’ together with its first partner client, V-Shapes. Trainer Creator is an innovative proprietary real-time Augmented Reality (AR) maintenance and repair software solution to assist service technicians to deliver more accurate, faster and safer repairs. Trainer Creator is a crucial real-time solution delivering additional real-time information for the…
Qube confirms commitment from Woolworths to new distribution centres at Moorebank Logistics Park
PERTH: Qube Holdings Limited has exchanged two agreements for lease and two development management agreements with the Woolworths Group to develop new major warehousing across 26 hectares at Moorebank Logistics Park, the largest intermodal logistics precinct in Australia. Both leases, comprising a 40,700 sqm national distribution center (NDC) and a 34,600 sqm regional distribution center…
TP Group signs AI system contract in the United Arab Emirates energy sector
LONDON: TP Group, the provider of mission-critical solutions for a more secure world, has signed an initial contract worth £0.3 million with Gulf Data International (gDi), an IT solutions provider and systems integrator based in Abu Dhabi. The contract will see TP Group work in partnership with Gulf Data International (gDi) to develop Artificial Intelligence…
Benchmark Holdings disposes Improve International Limited for £12.75mn
LONDON: Benchmark Holdings plc has completed the sale of Improve International Limited and its subsidiaries, a global provider of Continuing Professional Development training for veterinary professionals, to RJD Partners and Heber Alves, David Babington, and Rui Lobão. Benchmark Holdings is the aquaculture genetics, health and specialist nutrition business. Benchmark has a broad portfolio of products…
Western Areas announces encouraging results from first diamond drill hole at Sahara prospect
SYDNEY: Western Areas Ltd announced highly encouraging results from the first diamond drill hole at the Sahara prospect within the Western Gawler Project in South Australia. Western Areas Managing Director, Dan Lougher, said, “This is an excellent result from our first drill hole at the Sahara prospect, intercepting broad widths of nickel and copper bearing…