Geelen Nominated as Fugro CFO
on May 12. This also will be the date of her start as CFO with Fugro.From 2014 till 2021 Geelen has been CFO at HES International, one of Europe's largest independent bulk handling companies with operations across Europe, owned by private equity. Prior to that she held various leading roles at ABN AMRO.Harrie Noy, chairman of the Fugro's supervisory board, said, “We are pleased that Barbara will join Fugro as our new CFO. She has a broad financial background with a strong track record of improving financial performance, based on well-developed execution skills and a hands-on management
Blockchain Container Completes Maiden Voyage
The Port of Rotterdam has announced that the first paperless and fully door-to-door tracked container, based on blockchain technology, has arrived at the warehouse of Samsung SDS in Tilburg.Last year Dutch bank ABN AMRO collaborated with the Port of Rotterdam and Samsung SDS on a blockchain trade initiative, DELIVER. The DELIVER concept fuels process automation and provides value for all actors in the supply chain.Yesterday, they have successfully tracked and instantly financed a shipping container and the Proof of Concept (PoC) phase is complete. The entire journey was paperless and automated
TGS Shares Fall after Q2 Sales Disappoint
percent below consensus, and compared with $114 million in the second-quarter a year ago. "Part of the problem was that TGS failed to sell more in Brazil, where PGS and CGG did well, or in Mexico, where it had data in the wrong place or it was simply too expensive," Iver Baatvik at ABN-AMRO bank said. The so-called late sales of seismic data were down to $79 million from $84 million a year ago. Peers including Schlumberger, PGS and CGG all reported year-on-year growth in the second quarter. TGS typically collects commitments, defined as "pre-funding revenues", from
Are We on the Crest of an Offshore Wind Wave?
This time last year, when we were preparing to host ABN AMRO’s inaugural international seminar on offshore wind the imminent Borssele offshore wind tender in the Netherlands was a hot topic. At that time the questions on everyone’s lips were “Would the first Borssele tender, so diligently prepared by the Dutch Ministry of Economic Affairs, turn out to be a success?” and “What was required to be ‘the winner who takes it all’?”. Fast forward one year and the answers would appear to be a resounding “Yes” and “A bid price of EUR 72.7 per MWh.
The Role of Simulation Software in Yacht Racing
was founded in 2007 with the vision of using the best available CFD tools for the design of racing yachts. They have been involved in several America’s Cup campaigns and their designs have dominated the Around-the-World Volvo Ocean Race for almost a decade, winning three times in a row, with ABN Amro (2005/06), Ericsson Racing Team (2008/09) and Groupama Sailing Team (2011/12). Cape Horn Engineering is proud to be involved in the design team at Land Rover BAR, the British Challenger for the 35th America’s Cup in Bermuda 2017, whose aim is to #BringTheCupHome, where it all started in 1851
Ocean Rig's $120m Loan Agreement with DryShips
of 18 months, is unsecured and bears interest at LIBOR plus an average of approximately 10% for the first year and 12% for the following six months. Ocean Rig has the option to exchange the loan for Ocean Rig common shares owned by DryShips at a fixed price of $13.50 per share, provided the DryShips ABN AMRO $200 million secured bridge loan facility has been repaid in full. If such exchange occurs, the margin of the Ocean Rig $120 million loan to DryShips will be reduced from inception to LIBOR plus an average of approximately 6.6% for the first year and 8.25% for the following six months. On November
DryShips Reports 3Q 2014 Results
. - On October 14, 2014, Ocean Rig Partners LP, a subsidiary of Ocean Rig filed a registration statement on Form F-1 with the SEC relating to a possible initial public offering of units in a majority-owned master limited partnership. - On October 12, 2014, we executed a commitment letter with ABN AMRO Bank N.V., or ABN AMRO, for a secured bridge loan facility in an amount of $200 million. This short-term facility will be secured by shares of Ocean Rig’s common stock owned by us. We expect to complete the final documentation well in advance of the maturity of the Convertible Senior Notes
February 2024
