Apollo

Megawatt grants electrify truck charging corridors

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Startup electric truck infrastructure developer WattEV won’t say how much money it has raised from...

https://www.freightwaves.com/news/megawatt-grants-electrify-truck-charging-corridors

Crowley to charter in powerful Tier IV tug

Crowley Maritime’s ship assist and escort services group has agreed to charter its third Tier IV ship assist tug, Athena.

Athena follows sister ships Hercules and Apollo from builder Diversified Marine and owner Brusco Tug & Barge. The 77-foot vessel will feature almost 400 more horsepower than Apollo to deliver a bollard pull up to 96 tons, making it the most powerful tug for its size in the U.S.

Athena meets U.S. EPA Tier IV emissions requirements and will be equipped with remote monitoring for...

https://www.marinelog.com/inland-coastal/coastal/crowley-to-charter-in-powerful-tier-iv-tug/

M&A radar: major private equity deals in logistics? Don’t hold your breath

One side of the “private equity story + logistics appetite” is here, in a well-written post published last week by The Loadstar – and headed: “Why private equity is into logistics, and here to stay“.
Another less conventional angle, however, in what isn’t a formal rebuttal of the much-appreciated coverage by a special guest from the private equity (PE) world is rather that private equity occasionally flirts with logistics, and when the …

The post M&A radar: major private equity deals in...

https://theloadstar.com/ma-radar-major-private-equity-deals-in-logistics-dont-hold-your-breath/

SpaceWaves: Cargo rockets and a space economy (with video)

Cowing joins for a SpaceWaves talk about the space economy.

Private companies such as SpaceX and Blue Origin are entering the space exploration industry with a bang. 

Companies are now designing reusable rockets and offshore platforms, so the costs of launching rockets into space are based more on the prices of natural gas and liquid oxygen, according to Keith Cowing, the longtime editor at NASA Watch. And using rockets to transport cargo across the world is growing in popularity as the FAA decided to ease regulations for commercial space transport in...

https://www.freightwaves.com/news/spacewaves-the-race-for-space-supremacy

Private Equity funds Apollo and HPS injected USD 75 Million in Naviera Armas

Spanish media reports that Naviera Armas has just received financial oxygen from two private equity funds, Apollo and HPS. They injected some USD 75 million in order to keep the ferry company alive in the rough seas of the coronavirus emergency. Since the news went public both the EUR 280 and 300...

https://ferryshippingnews.com/private-equity-funds-apollo-and-hps-injected-usd-75-million-in-naviera-armas/

CEVA executives who lost investments take new complaint against Apollo to court

CEVA management who claimed they were forced by private equity shareholder Apollo Global Management to put “skin in the game” – investments that were later rendered worthless – have amended their complaint in a Florida court.
The filing noted that during the original negotiations those executives who had been holders of TNT equity were “collectively required to contribute 9% of initial capital contributions (€15m)” to CIL, a Ceva investment company.
The filing …

The post CEVA executives who lost...

https://theloadstar.co.uk/ceva-executives-who-lost-investments-take-new-complaint-against-apollo-to-court/