Viking Launches New Mass Evacuation System for Large Cruise Ships

With the largest cruise ships of today now carrying upwards of 8,000 passengers and crew, it is easy to question just how safe these enormous vessels really are. A loss of power or even an engine room fire such as the one experienced by the Carnival Triumph earlier this year is one thing, but what about a Costa Concordia-type event that calls for the rapid evacuation of … [Read more...]

Private Equity Firm Acquires Schat-Harding and Noreq to Create World’s Largest Supplier of Maritime Life-Saving Equipment

Norway's leading private equity fund, Herkules Private Equity, announced Tuesday that it has entered into agreements to acquire Umoe Schat-Harding AS and Noreq AS, creating the world's leading supplier of maritime life-saving equipment. Herkules says that they will be reinvesting a substantial amount in a new, joint holding company, with the intention to build on both … [Read more...]