Iridium Wins Formal Authorization For GMDSS Service

US-based satellite communications company Iridium Communications has received a Letter of Compliance from Global Maritime Distress and Safety System (GMDSS) regulator, the International Mobile Satellite Organization, authorizing Iridium to provide GMDSS service. The award follows a four-year review process and makes Iridium the second GMDSS recognized mobile satellite system in the world next to Inmarsat.…

Report: DSME, HHI Merger Facing Full Probe In EU

The proposed mega-merger of South Korea’s top-tier shipbuilders Daewoo Shipbuilding & Marine Engineering (DSME) and Korea Shipbuilding & Offshore Engineering (KSOE), a shipbuilding spinoff of Hyundai Heavy Industries Group, is reportedly about to be subject of a full-scale probe in the EU, Reuters writes citing industry sources. The investigation is expected to be launched next week amid…