NewzIntel.com

Category: Scandinavia

  • MIL-OSI Europe: Sweden and Denmark adopt declaration marking 25th anniversary of the Öresund Bridge

    Source: Government of Sweden

    Today, 1 July 2025, marks the 25th anniversary of the Öresund Bridge. Sweden and Denmark are close to each other in terms of culture, values and common objectives – and their cooperation has never been closer than it is now. To mark the anniversary, Sweden’s Prime Minister Ulf Kristersson and Denmark’s Prime Minister Mette Frederiksen adopted a declaration with the objective of making the Öresund region safer and more competitive and simplifying living and working across the border.

    MIL OSI Europe News –

  • MIL-OSI Submissions: From robotic trucks to smart bins: how technology is helping cities sort their waste problem

    Source: The Conversation – UK – By Breno Nunes, Associate professor in Sustainable Operations Management, Aston University

    Since early January 2025, residents of Birmingham in the UK have been caught in the dispute between the city council and the Unite union over pay, terms and conditions for waste and recycling collectors. The latest attempt at talks broke down in acrimony.

    At one point during the crisis, there were 17 tonnes of uncollected rubbish in Birmingham. Businesses and residents face public health and safety risks including pest infestations and the spread of disease and fire hazards.

    These have tainted the reputation of the city and hurt its chances of hosting events and attracting visitors. The news of cat-sized rats in Birmingham has made headlines from the US to Australia.



    Read more:
    Birmingham bin strikes: a threat to public health

    Workers’ pay is being negotiated between the union and the council in Birmingham. However, this is a fairly dangerous job and, with an ageing population, it may become more difficult to hire new workers. We argue that a more fair approach would be to use technology to help transition workers (including through training) towards better paid and safer positions.

    This would be an opportunity to build more sustainable waste management in the UK’s second largest city and beyond. Advances in robotics and AI are making automated refuse collection a reality, for example. Some cities in the US, Canada and parts of Europe already use robotics-enabled equipment in their refuse collection systems.

    A shortage of skilled personnel threatens the transition towards a greener economy. People have to be at the centre of the solution. In this case, skilled workers are needed to keep different types of waste separate and so improve recycling rates.

    The recovery value can be high for certain products such as electronics, automotive parts, as well as materials like plastic and metal. This is still difficult for machines to do.

    Smart bins and automated trucks

    Birmingham city council has already proposed improvements to waste collection. Based on publicly available information, it aims at increasing the number of rubbish trucks, reducing the number of collection days and retraining refuse collectors. But it has yet to take full advantage of existing advanced technologies.

    The plan, for instance, proposes improving communication with residents about collection day via text messages. While welcome, this is rather basic. It was only during the pandemic that all recycling centres started using online booking systems. Prior to that, endless queues were common – wasting time and increasing emissions with traffic jams.

    We argue that a whole-systems approach is needed to make the most of the opportunities new technology affords. Automated side loader trucks and smart bins are already used in various cities – the latter use sensors to monitor waste volumes and predict when collection is needed. The council could analyse the strengths and weaknesses of each technology in different areas of the city.

    Side loader trucks, which can lift up large bins and empty them, automate a dangerous process and are already considered a mature technology, used in cities across the US, Canada and Sweden. These trucks are difficult to drive in narrow streets. But, where appropriate, their benefits include increased productivity, reduced collection costs and greater worker safety.

    Sensors embedded in the vehicle, including from cameras, can provide data on the distribution of waste in different areas. This helps to produce a waste map. AI algorithms can analyse the data and provide customised collection schedules that optimise the use of trucks in the collection fleet. The algorithms can learn and be continuously revised to improve the service.

    In busy areas of the city, information from smart bins can prevent rubbish accumulating. Advanced machine learning techniques can then be employed to further optimise the collection schedule by detecting, for instance, anomalies such as a sudden increase in some types of waste. Such systems can provide more adaptable solutions and increase the productivity of officers.

    Recent improvements in imaging techniques and chemical analysis can help to identify different waste materials and allow automatic sorting, and the identification of hazardous waste.

    Other technological solutions, such as the use of smart underground large storage containers as communal bins allow for less frequent collections, but they may require significant changes to both infrastructure and trucks. These already exist in parts of Spain.

    Pneumatic waste collection systems have been tested in Wembley, a suburb in northwest London. In this system, waste is sucked through underground pipes by a fan system at speeds approaching 50mph to a central point, where it is stored in airtight containers until further treatment takes place. More than 30 countries adopt this system.

    Educating the public is vital too. Reducing waste in the first place is a good way to save money and would reduce pressure on waste collection systems.

    As far as Birmingham goes, overlooking advanced technologies won’t make the council’s task of satisfying residents and waste collection teams any easier. We think a lot of people would be happier to see more robotics trucks and smart bins than more rats in the streets.

    Breno Nunes receives funding from InnovateUK for a Knowledge Transfer Partnership (KTP) project on sustainable manufacturing strategy.

    Roberto Castro Alamino does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. From robotic trucks to smart bins: how technology is helping cities sort their waste problem – https://theconversation.com/from-robotic-trucks-to-smart-bins-how-technology-is-helping-cities-sort-their-waste-problem-260023

    MIL OSI –

  • MIL-OSI: Alma íbúðafélag hf.: Stækkun skuldabréfaflokksins AL210926

    Source: GlobeNewswire (MIL-OSI)

    Alma íbúðafélag hf. hefur lokið við stækkun á skuldabréfaflokknum AL210926 sem gefinn er út undir útgáfuramma félagsins.

    Skuldabréfaflokkurinn AL 210926 er óverðtryggður og ber fljótandi vexti tengdum 3 mánaða REIBOR vöxtum að viðbættu 1,40% vaxtaálagi. Lokagjalddagi flokksins er 21. september 2026. Skuldabréfaflokkurinn er veðtryggður samkvæmt almennu tryggingarfyrirkomulagi.

    Seld voru skuldabréf að nafnverði 1.000 m.kr. á pari og verður heildarstærð flokksins því í kjölfar stækkunar 3.100 m.kr.

    Greiðslu- og uppgjörsdagur er föstudagurinn 18. júlí 2025 og í kjölfarið verður sótt um að skuldabréfin verði tekin til viðskipta á Aðalmarkaði Nasdaq Iceland hf.

    Acro verðbréf hf. hafði umsjón með sölu skuldabréfanna og töku þeirra til viðskipta.

    Nánari upplýsingar veitir:

    Ingólfur Árni Gunnarsson, framkvæmdastjóri Ölmu íbúðafélags hf., í tölvupósti ingolfur@al.is.

    The MIL Network –

  • MIL-OSI: Alma íbúðafélag hf.: Stækkun skuldabréfaflokksins AL210926

    Source: GlobeNewswire (MIL-OSI)

    Alma íbúðafélag hf. hefur lokið við stækkun á skuldabréfaflokknum AL210926 sem gefinn er út undir útgáfuramma félagsins.

    Skuldabréfaflokkurinn AL 210926 er óverðtryggður og ber fljótandi vexti tengdum 3 mánaða REIBOR vöxtum að viðbættu 1,40% vaxtaálagi. Lokagjalddagi flokksins er 21. september 2026. Skuldabréfaflokkurinn er veðtryggður samkvæmt almennu tryggingarfyrirkomulagi.

    Seld voru skuldabréf að nafnverði 1.000 m.kr. á pari og verður heildarstærð flokksins því í kjölfar stækkunar 3.100 m.kr.

    Greiðslu- og uppgjörsdagur er föstudagurinn 18. júlí 2025 og í kjölfarið verður sótt um að skuldabréfin verði tekin til viðskipta á Aðalmarkaði Nasdaq Iceland hf.

    Acro verðbréf hf. hafði umsjón með sölu skuldabréfanna og töku þeirra til viðskipta.

    Nánari upplýsingar veitir:

    Ingólfur Árni Gunnarsson, framkvæmdastjóri Ölmu íbúðafélags hf., í tölvupósti ingolfur@al.is.

    The MIL Network –

  • MIL-OSI Submissions: How a lottery-style refund system could boost recycling

    Source: The Conversation – Canada – By Jiaying Zhao, Associate Professor, Psychology, University of British Columbia

    Imagine you’re standing at a bottle depot with an empty pop can. You can get a dime back, or you can take a chance at winning $1,000. Which would you choose?

    Every year, the world produces two trillion beverage containers but only 34 per cent of glass bottles, 40 per cent of plastic bottles and 70 per cent of aluminium cans are recycled.

    To increase recycling rates, many countries have adopted deposit refund systems, where you pay a small deposit, say 10 cents, when you buy an eligible beverage container and get this deposit back when you return it to a local depot.

    Through this system, approximately 80 per cent of containers in British Columbia and almost 85 per cent of containers in Alberta are recovered. Still, that leaves millions of containers as litter, in landfills or incinerated every year, contributing to pollution and greenhouse gas emissions.

    With Canada’s goal of zero plastic waste by 2030 drawing near, a new approach to recycling beverage containers could make a difference.

    We recently conducted a research experiment to find out if more people would recycle more often if they had a chance to win a prize.

    A lottery-style refund to boost recycling

    Psychology research shows that people tend to prefer a small chance to win a large reward over a guaranteed small reward. For example, people would more often prefer a small chance to win $5,000 over receiving a $5 reward.

    Applying this insight to recycling, we turned the small guaranteed refund of $0.10 in B.C. and Alberta into a 0.01 per cent chance of getting $1,000. We set up recycling tables at food courts in Vancouver and at a RibFest event in Spruce Grove, Alta.

    When people brought their beverage containers to us to recycle, we presented them with five options for a refund. They could get their guaranteed 10 cents, or a chance to win a larger amount of money, the highest option being $1,000.

    We found that people preferred the chance to win $1,000 over the other options, and they felt the happiest after making this choice.

    To see if the lottery option actually increased recycling, we conducted an experiment where we told people ahead of time that they would get their guaranteed 10-cent refund or that they had a chance to win $1,000 for each bottle they brought to our study.

    We found that people brought 47 per cent more beverage containers when we offered them a chance to win $1,000 than when we offered them the guaranteed refund.

    Overall, our findings suggest that offering a chance to win a larger amount of money can meaningfully boost beverage container recycling. The excitement of a potential big win can motivate people who may not be enticed by the typical small, guaranteed refund.

    Choice matters

    A one-size-fits-all approach won’t work. People recycle for different reasons. They also have different risk tolerances, and some may rely on the guaranteed refund for additional income. To capture diverse preferences and needs, it’s vital that the lottery-style refund is offered in addition to the guaranteed refund, not instead of it.

    It would also be beneficial to include smaller, more frequent prizes alongside the grand prize, so people win relatively frequently to keep motivations high.

    This is Norway’s approach to their recycling lottery, with 39 per cent of people choosing the lottery option when they recycle. In 2023, Norway’s recycling lottery achieved a 92.3 per cent container return rate.

    Importantly, our research does not capture people who collect large bags of containers to return to the depot. It’s possible that this demographic may have different preferences for the refund, and future research should examine this group in particular.

    Green lottery for good

    The lottery-style refund has the same expected payout as the 10-cent refund per bottle. This means that, on average, people will take home the same amount of money as with the guaranteed option, without incurring additional losses or gains. This benevolent factor distinguishes the lottery-style refund from other types of lotteries or gambling that often profit off the players.

    Since the only way to enter this lottery-style refund is to recycle beverage containers, it’s impossible to directly re-enter any winnings into the lottery. There are also no near-misses, losses disguised as wins, exciting lights and sounds or other sensory stimulation often associated with gambling.

    Some might be apprehensive about potential gambling dangers of creating a lottery system. However, there has not been a single case linking the recycling lottery to gambling addiction. There is also no evidence that purchases of beverage containers would increase as a result of the lottery-style refund.

    Our study’s transparent design, with clear odds, ensures fairness, unlike casino games built to take players’ cash. For this approach to be successful, deposit refund systems must maintain this transparency in lottery-style program operations and payouts.

    If done right, offering a chance to win a higher amount of money for recycling can meaningfully increase recycling rates, contribute to a circular economy and allow people to choose the refund option that works best for them.

    Jiaying Zhao receives funding from the Social Sciences and Humanities Research Council of Canada.

    Jade Radke receives funding from the Social Sciences and Humanities Research Council of Canada Doctoral Fellowship and the University of British Columbia Indigenous Graduate Fellowship.

    – ref. How a lottery-style refund system could boost recycling – https://theconversation.com/how-a-lottery-style-refund-system-could-boost-recycling-259896

    MIL OSI –

  • MIL-OSI Banking: Membership Updates for July 2025

    Source: International Association of Drilling Contractors – IADC

    Headline: Membership Updates for July 2025

    IADC welcomes 8 new Members:

    • ASIATIC ENERGY – Mahesana, Gujarat, India

    • BASRA VOCATIONAL TRAINING CENTER – Al Hussien District, Basra, Iraq 

    • BETATEC HOP PRODUCTS – Malvern, Worcestershire, UK 

    • BRUNO SILVA CARNEIRO MAPURUNGA – Mojave, California, US

    • DUKE MARINE TECHNICAL SERVICES USA INC – Katy, Texas, US

    • FARSUND DRILLING SOLUTION AS – Farsund, Agder, Norway 

    • INTERNATIONAL UPSTREAM ENERGY CONSULTANTS LLC FC – Pecos, Texas, US

    • STEPWISE AS – Stavanger, Norway

    MIL OSI Global Banks –

  • MIL-OSI Security: Defense News in Brief: Historic First – U.S. Nuclear-Powered Submarine Conducts Port Visit in Iceland

    Source: United States Navy

    GRUNDARTANGI, Iceland  – The Los Angeles-class attack submarine USS Newport News (SSN 750) conducted a port visit in Iceland, marking the first time a nuclear-powered submarine pulls into port on Iceland’s shores, July 9, 2025.

    MIL Security OSI –

  • MIL-OSI: Fortinet Report: OT Cybersecurity Risk Elevates within Executive Leadership Ranks

    Source: GlobeNewswire (MIL-OSI)

    SUNNYVALE, Calif., July 09, 2025 (GLOBE NEWSWIRE) — Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced the findings from its global 2025 State of Operational Technology and Cybersecurity Report. The results represent the current state of operational technology (OT) cybersecurity and highlight opportunities for continued improvement for organizations to secure an ever-expanding IT/OT threat landscape. In addition to trends and insights impacting OT organizations, the report offers best practices to help IT and OT security teams better secure their cyber-physical systems. 

    “The seventh installment of the Fortinet State of Operational Technology and Cybersecurity Report shows that organizations are taking OT security more seriously. We see this trend reflected in a notable increase in the assignment of responsibility for OT risk to the C-suite, alongside an uptick in organizations self-reporting increased rates of OT security maturity,” said Nirav Shah, Senior Vice President, Products and Solutions, at Fortinet. “Alongside these trends, we’re seeing a decrease in the impact of intrusions in organizations that prioritize OT security. Everyone from the C-suite on down needs to commit to protecting sensitive OT systems and allocating the necessary resources to secure their critical operations.”

    Key findings from the global survey include:

    • Responsibility for OT security continues to elevate within executive ranks: There has been a significant increase in the global trend of corporations planning to integrate cybersecurity under the CISO or other executives. As accountability continues to shift into executive leadership, OT security is elevated to a high-profile issue at the board level. The top internal leaders who influence OT cybersecurity decisions are now most likely to be the CISO or CSO by an increasingly wide margin. Now more than half (52%) of organizations report that the CISO/CSO is responsible for OT, up from 16% in 2022. For all C-suite roles, this has spiked to 95%. Additionally, the number of organizations intending to move OT cybersecurity under CISO in the next 12 months has increased from 60% to 80% in 2025.
    • OT cybersecurity maturity is affecting the impact of intrusions: Self-reported OT security maturity has made notable progress this year. At the basic Level 1, 26% of organizations report establishing visibility and implementing segmentation, up from 20% in the previous year. The largest number of organizations state their security maturity is at the Level 2 access and profiling phase. The report also found a correlation between maturity and attacks. Those organizations that report being more mature (higher of Levels 0–4) are seeing fewer attacks or indicate that they are better able to handle lower-sophistication tactics, such as phishing. It’s worth noting that some tactics, such as advanced persistent threats (APT) and OT malware, are difficult to detect, and less mature organizations may not have the security solutions in place to determine they exist. Overall, although nearly half of organizations experienced impacts, the impact of intrusions on organizations is declining, with a noteworthy reduction in operational outages that impacted revenue, which dropped from 52% to 42%.
    • Adopting cybersecurity best practices is having a positive impact: In addition to the Levels of maturity affecting the impact of intrusions, it appears that adopting best practices such as implementing basic cyber hygiene and better training and awareness are having a real impact, including a significant drop in business email compromise. Other best practices include incorporating threat intelligence, which spiked (49%) since 2024. Additionally, the report saw a significant decrease in the number of OT device vendors, which is a sign of maturity and operational efficiency. More organizations (78%) are now using only one to four OT vendors, which indicates that many of these organizations are consolidating vendors as part of their best practices. Cybersecurity vendor consolidation is also a sign of maturity and corresponds to Fortinet customer experiences with the Fortinet OT Security Platform. Unified networking and security at remote OT sites enhanced visibility and reduced cyber risks, leading to a 93% reduction in cyber incidents vs. a flat network. The simplified Fortinet solutions also led to a 7x improvement in performance through reductions in triage and setup.1

    Best Practices
    Fortinet’s global 2025 State of Operational Technology and Cybersecurity Report provides actionable insights for organizations to strengthen their security posture. Organizations can address OT security challenges by adopting the following best practices:

    • Establish visibility and compensating controls for OT assets: Organizations need the ability to see and understand everything that’s on their OT networks. Once visibility is established, organizations then need to protect critical devices and ones that may be vulnerable, which requires protective compensating controls that are designed for sensitive OT devices. Capabilities such as protocol-aware network policies, system-to-system interaction analysis, and endpoint monitoring can detect and prevent compromise of vulnerable assets.
    • Deploy segmentation: Reducing intrusions requires a hardened OT environment with strong network policy controls at all access points. This kind of defensible OT architecture starts with creating network zones or segments. Standards such as ISA/IEC 62443 specifically call for segmentation to enforce controls between OT and IT networks and between OT systems. Teams should also evaluate the overall complexity of managing a solution and consider the benefits of an integrated or platform-based approach with centralized management capabilities.
    • Integrate OT into security operations (SecOps) and incident response planning: Organizations should be maturing toward IT/OT SecOps. To get there, OT needs to be a specific consideration for SecOps and incident response plans, largely because of some of the distinctions between OT and IT environments, from unique device types to the broader consequences of an OT breach impacting critical operations. One key step in this direction is to have playbooks that include your organization’s OT environment. This kind of advanced preparation will foster better collaboration across IT, OT, and production teams to adequately assess cyber and production risks. It can also ensure that the CISO has proper awareness, prioritization, budget, and personnel allocations.
    • Consider a platform approach to your overall security architecture: To address rapidly evolving OT threats and an expanding attack surface, many organizations have assembled a broad array of security solutions from different vendors. This has yielded an overly complex security architecture that inhibits visibility while placing an increased burden on limited security team resources. A platform-based approach to security can help organizations consolidate vendors and simplify their architecture. A robust security platform with specific capabilities for both IT networks and OT environments can provide solution integration for improved security efficacy while enabling centralized management for enhanced efficiency. Integration can also provide a foundation for automated responses to threats.
    • Embrace OT-specific threat intelligence and security services: OT security depends on timely awareness and precise analytical insights about imminent risks. A platform-based security architecture should also apply AI-powered threat intelligence for near-real-time protection against the latest threats, attack variants, and exposures. Organizations should ensure their threat intelligence and content sources include robust, OT-specific information in their feeds and services.

    Report Overview

    • The Fortinet 2025 State of Operational Technology and Cybersecurity Report is based on data from a global survey of more than 550 OT professionals, conducted by a third-party research company.
    • Survey respondents were from different locations around the world, including Australia, New Zealand, Argentina, Brazil, Canada, Mainland China, Colombia, Denmark, Egypt, France, Germany, Hong Kong, India, Indonesia, Israel, Italy, Japan, Malaysia, Mexico, Norway, Philippines, Poland, Portugal, Singapore, South Africa, South Korea, Spain, Taiwan, Thailand, United Kingdom, and the United States, among others.
    • Respondents represent a range of industries that are heavy users of OT, including: manufacturing, transportation/logistics, healthcare/pharma, oil, gas, and refining, energy/utilities, chemical/petrochemical, and water/wastewater.
    • Most of those surveyed, regardless of title, are deeply involved in cybersecurity purchasing decisions. Many respondents are responsible for operations technology at their organization and/or have reporting responsibility for manufacturing or plant operations.

    Additional Resources

    1 Fortinet, Fortinet OT Security Platform Customer Success Stories, November 5, 2024.

    About Fortinet
    Fortinet (Nasdaq: FTNT) is a driving force in the evolution of cybersecurity and the convergence of networking and security. Our mission is to secure people, devices, and data everywhere, and today we deliver cybersecurity everywhere our customers need it with the largest integrated portfolio of over 50 enterprise-grade products. Well over half a million customers trust Fortinet’s solutions, which are among the most deployed, most patented, and most validated in the industry. The Fortinet Training Institute, one of the largest and broadest training programs in the industry, is dedicated to making cybersecurity training and new career opportunities available to everyone. Collaboration with esteemed organizations from both the public and private sectors, including Computer Emergency Response Teams (“CERTS”), government entities, and academia, is a fundamental aspect of Fortinet’s commitment to enhance cyber resilience globally. FortiGuard Labs, Fortinet’s elite threat intelligence and research organization, develops and utilizes leading-edge machine learning and AI technologies to provide customers with timely and consistently top-rated protection and actionable threat intelligence. Learn more at https://www.fortinet.com, the Fortinet Blog, and FortiGuard Labs.

    Copyright © 2025 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and common law trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet’s trademarks include, but are not limited to, the following: Fortinet, the Fortinet logo, FortiGate, FortiOS, FortiGuard, FortiCare, FortiAnalyzer, FortiManager, FortiASIC, FortiClient, FortiCloud, FortiMail, FortiSandbox, FortiADC, FortiAgent, FortiAI, FortiAIOps, FortiAgent, FortiAntenna, FortiAP, FortiAPCam, FortiAuthenticator, FortiCache, FortiCall, FortiCam, FortiCamera, FortiCarrier, FortiCASB, FortiCentral, FortiCNP, FortiConnect, FortiController, FortiConverter, FortiCSPM, FortiCWP, FortiDAST, FortiDB, FortiDDoS, FortiDeceptor, FortiDeploy, FortiDevSec, FortiDLP, FortiEdge, FortiEDR, FortiEndpoint FortiExplorer, FortiExtender, FortiFirewall, FortiFlex FortiFone, FortiGSLB, FortiGuest, FortiHypervisor, FortiInsight, FortiIsolator, FortiLAN, FortiLink, FortiMonitor, FortiNAC, FortiNDR, FortiPAM, FortiPenTest, FortiPhish, FortiPoint, FortiPolicy, FortiPortal, FortiPresence, FortiProxy, FortiRecon, FortiRecorder, FortiSASE, FortiScanner, FortiSDNConnector, FortiSEC, FortiSIEM, FortiSMS, FortiSOAR, FortiSRA, FortiStack, FortiSwitch, FortiTester, FortiToken, FortiTrust, FortiVoice, FortiWAN, FortiWeb, FortiWiFi, FortiWLC, FortiWLM, FortiXDR and Lacework FortiCNAPP. Other trademarks belong to their respective owners. Fortinet has not independently verified statements or certifications herein attributed to third parties and Fortinet does not independently endorse such statements. Notwithstanding anything to the contrary herein, nothing herein constitutes a warranty, guarantee, contract, binding specification or other binding commitment by Fortinet or any indication of intent related to a binding commitment, and performance and other specification information herein may be unique to certain environments.

    The MIL Network –

  • MIL-OSI NGOs: ​​​​​​​‘Do not invest in US gas exports’ Greenpeace warns EU, backed by new report

    Source: Greenpeace Statement –

    ‘Do not invest in US gas exports’ Greenpeace warns EU, backed by new report

    Brussels – As European leaders and companies are pushing for increased imports of US liquefied gas (LNG), a new report by Greenpeace USA, Earthworks, and Oil Change International highlights the climate threats and financial risks posed by five major new liquefied gas export projects proposed for the US Gulf Coast, most of them still awaiting a final investment decision.[1]

    “What we found was crystal clear – any further investment in LNG is not compatible with a livable climate,” said Andres Chang, Senior Research Specialist at Greenpeace USA and lead author of the report. “The massive growth in infrastructure along the Texas and Louisiana Gulf Coast has already created significant public health and ecosystem impacts, threatening entire coastal communities. But it doesn’t stop there. We believe this report shows that, if built, these projects would put global climate goals even further out of reach.”

    The report analyses five major US LNG projects – Venture Global CP2, Cameron LNG Phase II, Sabine Pass Stage V, Cheniere Corpus Christi LNG Midscale 8-9, and Freeport LNG Expansion – and finds that each would fail the climate test derived from models in the US Department of Energy’s 2024 LNG Export public interest studies.[2] Each would increase greenhouse gas emissions by edging out renewable energy and driving up global fossil fuel use, undermining the world’s ability to meet the Paris Agreement targets and driving more frequent and intense extreme weather events. The report suggests that future US administrations could therefore revoke export authorisations issued under current US President Trump.

    Pressured by Trump and facing the threat of sweeping tariffs, the EU Commission is proposing increased LNG imports.[3] It has also agreed to look into direct public investments by the EU and its member states in gas export facilities outside the EU – including potentially the five US LNG projects analysed in this report – in its Affordable Energy Action Plan released in February 2025.[4]

    “Increasing US gas imports will deepen Europe’s dependence on the US, making the EU and national governments even more vulnerable to Trump’s political extortion. EU leaders must break free from fossil fuel dependency and take control of Europe’s future by investing in a renewable, secure and peaceful energy system. A ban on all new fossil fuel projects in the EU would be the right first step, certainly not funding projects abroad,” said Thomas Gelin, Greenpeace EU climate and energy campaigner.

    Another result of Trump’s pressure is the calls by some Member States and other EU policymakers to weaken the EU methane regulation, which was adopted just last year, in order to continue importing US liquefied gas despite the fact that its production – mostly coming from fracking – is associated with particularly high methane emissions.[5][6]

    “This report adds to a rapidly growing body of evidence that financing U.S. LNG is not a sound decision for insurers, investors, or purchasers – something the EU and America’s Asian allies must keep in mind as President Trump pressures them to increase their imports of U.S. LNG under threat of sweeping tariffs. Countries with climate commitments, such as those in the EU, should be very wary of the climate cost of importing US LNG,” said Dr Dakota Raynes, Senior Manager of Research, Policy, and Data at Earthworks.

    European energy companies have already signed long-term purchase agreements for four of the projects analysed in the report. These contracts extend well beyond 2035, the year by which Europe must phase-out fossil gas if it is serious about meeting its international climate commitments. These companies include SEFE (Germany), BASF (Germany), GASTRADE S.A. (Greece), DTEK (Ukraine), TotalEnergies (France), PKN Orlen (Poland), Gap (Portugal) and Equinor (Norway) – several of which are fully or partially state-owned.[7] 

    “Fossil fuel dependency has long externalized its true costs, forcing communities to bear the burden of pollution, sickness, and economic instability,” says James Hiatt, founder and director of For a Better Bayou. “For decades the oil and gas industry has known about the devastating health and climate impacts of its operations, yet it continues to expand, backed by billions in private and public financing. These harms are not isolated – they’re systemic, and they threaten all of us. This report is a call to conscience. It’s time we stop propping up deadly false solutions and start investing in a transition to energy systems that sustain life, not sacrifice it.”

    Greenpeace calls on EU leaders to stop new long-term purchase agreements for liquefied gas and drop the proposal for direct financial investments in gas export facilities. Instead, the EU should impose a ban on all new fossil fuel projects, including new liquefied gas import terminals, stop all public investments in fossil fuel infrastructure and agree to end fossil gas by 2035 at the latest.

    ENDS

    Notes

    Read the full report: Failing the climate test: LNG projects awaiting final investment decision do not stand up to US Government analysis

    Read the European media briefing

    Watch the press conference recording

    [1] At the time of drafting of the report, all five were awaiting a final investment decision. On June 24, 2025, Cheniere Corpus Christi LNG announced a positive final investment decision.

    [2] December 2024 | ENERGY, ECONOMIC, AND ENVIRONMENTAL ASSESSMENT OF US LNG EXPORTS

    [3] Trump says EU must buy $350B of US energy to get tariff relief – POLITICO

    [4] Action Plan for Affordable Energy 

    [5] The Member States are: Bulgaria, Czechia, Greece, Hungaria, Romania, Slovakia and Slovenia.

    [6] Liquefied natural gas carbon footprint is worse than coal | Cornell Chronicle

    [7] Source: Sierra Club US LNG Export Tracker, date as of 4 June 2025

    Contacts

    Greenpeace International Press Desk: [email protected], +31 (0) 20 718 2470 (available 24 hours)

    Katie Nelson, Senior Communications Specialist, Greenpeace USA, [email protected], +1 (678) 644-1681, (GMT -8)

    MIL OSI NGO –

  • MIL-OSI Europe: Answer to a written question – Sales of alcoholic beverages in Sweden on producers’ sites – E-001654/2025(ASW)

    Source: European Parliament

    On 5 July 2024, Sweden notified the ‘Draft Act amending the Alcohol Act (2010:1622)’ to the Commission under Directive (EU) 2015/1535[1] under the reference 2024/388/SE[2].

    The Commission issued a request for supplementary information on 2 August 2024 and Sweden answered to the Commission’s request on 16 August 2024.

    Portugal issued a detailed opinion. The Commission did not react on the ‘Draft Act amending the Alcohol Act (2010:1622)’. The final text of the measure at issue has not been notified to the Commission yet.

    According to the case-law, Article 37 of the Treaty on the Functioning of the EU[3] may be applied in the context of alcohol monopolies by ensuring that monopolies are organised and operated in such a way as to exclude discrimination between nationals of Member States.

    Monopolies must pursue objectives of general interest, such as the protection of public health, without placing goods from other Member States at a disadvantage[4].

    According to the information which has been provided to the Commission, the Swedish legislative proposal does not change the rules on which products are listed by Systembolaget and still requires all operators, together with all interested manufacturers, to meet the criteria applicable to each range.

    The on-site farm sales are intended to be of limited scope and are not meant to constitute ordinary retail sales or an alternative to Systembolaget’s retail trade.

    The Commission exercises discretionary powers in deciding whether reacting under Directive (EU) 2015/1535, based on the potential impact of the measure on the internal market.

    The absence of a reaction from the Commission under Directive (EU) 2015/1535 to a draft technical regulation does not prejudice any decision that might be taken under other EU acts.

    • [1] Directive (EU) 2015/1535 of the European Parliament and the Council of 9 September 2015 laying down a procedure for the provision of information in the field of technical regulations and of rules on Information Society services, OJ L 241, 17.9.2015, p. 1.
    • [2] https://technical-regulation-information-system.ec.europa.eu/en/notification/26051.
    • [3] https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:12016E037.
    • [4] Case C-198/14, Visnapuu, 12 November 2015, ECLI:EU:C:2015:751, paragraph 95.
    Last updated: 9 July 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Highlights – The Danish Ministers are presenting their priorities in LIBE – Committee on Civil Liberties, Justice and Home Affairs

    Source: European Parliament

    Danish Presidency © Adobe stock footage

    Under the slogan ‘A Strong Europe in a Changing World’, the Danish Presidency has two overarching priorities: a secure Europe and a competitive and green Europe.

    These two goals appear across most of its sectoral work, including in the areas falling within the remit of LIBE. Denmark assumed the rotating presidency of the EU Council on 1 July 2025, for the eighth time since its accession to the EU. It took over from Poland and will hand over to Cyprus, the three countries forming a presidency trio.

    The Danish Ministers will present these priorities to the LIBE Committee on 15 July 2025, starting at 14:30.

    MIL OSI Europe News –

  • MIL-OSI Europe: Other events – Visit to Denmark and Sweden – 15-09-2025 – Committee on the Internal Market and Consumer Protection

    Source: European Parliament

    IMCO mission to Sweden and Denmark © Image used under license from Adobe Stock

    From 15 to 17 September 2025, a delegation composed of Members from the IMCO Committee and led by its Vice-Chair, Ms Kamila Gasiuk-Pihowicz, will visit Denmark and Sweden to discuss Single Market issues such as digitalisation, consumer protection, procurement, and internal market implementation.

    The visit includes meetings in Copenhagen and Gothenburg with key government and business stakeholders, including Ms Caroline Stage, the Danish Minister for Digital Affairs and site visits to key industrial and transport hubs.

    MIL OSI Europe News –

  • MIL-OSI: AIXA Miner Launches Free-to-Start Cloud Mining Platform to Simplify Passive Crypto Income in 2025

    Source: GlobeNewswire (MIL-OSI)

    New York City, NY, July 09, 2025 (GLOBE NEWSWIRE) —  As cryptocurrency adoption continues to surge, AIXA Miner is leading the next generation of simplified crypto earning with the launch of its free-to-start cloud mining platform. Designed for both beginners and seasoned investors, AIXA Miner removes the traditional barriers of crypto mining—offering users a hardware-free, eco-powered, and fully automated way to earn daily digital rewards.

    In an industry where complexity and cost have long deterred new entrants, AIXA Miner makes mining accessible by providing new users with a $20 trial bonus, no equipment required. Mining contracts start from just $100, making it one of the most cost-efficient entries into the digital asset space.

    “At AIXA, we believe mining should be for everyone—not just experts with expensive rigs,” said a company spokesperson. “Our mission is to democratize crypto income through automation, clean energy, and ease of use.”

    Built for the Modern Miner

    AIXA Miner’s cloud infrastructure is powered by renewable energy data centers located in Iceland and the U.S., optimized with AI-driven GPUs to mine the most profitable cryptocurrencies in real time. This approach minimizes environmental impact while maximizing efficiency.

    With nearly 8 million users globally, the platform delivers seamless functionality:

    • No hardware or maintenance
    • Daily earnings auto-calculated and deposited
    • Real-time tracking, secure wallets, and instant withdrawals
    • Mining support for BTC, ETH, DOGE, USDT, and more

    User Growth and Real Returns

    AIXA Miner’s impact has been substantial. According to a report by Coin World, over 200,000 users have reached daily passive earnings of $10,000 in BTC. In a recent Bitcoinist article, miners using the platform reportedly generate $32,000 per day in combined passive income through contracts involving Bitcoin, XRP, and Dogecoin.

    This growth is supported by a scalable architecture and a commitment to payout transparency.

    Features That Set AIXA Miner Apart

    • ✅ $20 Signup Credit to start mining immediately
    • ✅ Flexible Plans starting at $100
    • ✅ VIP Club & Referral Rewards up to 10%
    • ✅ 24/7 Global Support & Security Monitoring
    • ✅ Fast Withdrawals in major cryptocurrencies

    How to Start in Minutes

    1. Register on aixaminer.com with just your email
    2. Claim your $20 bonus—no payment needed
    3. Choose a plan, starting from $100
    4. Activate and earn, with crypto deposited to your account daily
    5. Withdraw or reinvest—your call

    A Growing Trend Among Smart Investors

    As cryptocurrency markets become increasingly integrated into mainstream finance, more investors are turning to platforms like AIXA Miner for predictable, passive income opportunities. With rising concerns around energy consumption and market volatility, cloud mining offers a balanced approach to crypto exposure—combining automation, sustainability, and steady returns. AIXA Miner’s model reflects this shift, appealing to both retail users and long-term holders seeking smarter ways to put their crypto assets to work.

    About AIXA Miner

    Founded in 2020 and headquartered in the United States, AIXA Miner has rapidly become a trusted name in the global cloud mining landscape. With a clean energy foundation, strong infrastructure, and AI-enhanced mining technology, the platform continues to attract users looking for long-term and secure crypto earnings.

    Whether you’re new to cryptocurrency or diversifying your digital portfolio, AIXA Miner offers a reliable, risk-conscious path to passive income. Backed by automation, security, and global user trust, it’s time to mine smarter—not harder.

    Media Contact
     Name: Leif Mikkelsen
    Email: like.Mikkelsen@aixaminer.com
    Website: www.aixaminer.com
     City/Country: Denver, United States

    Attachment

    The MIL Network –

  • MIL-OSI Security: NATO Committee on Reserves Summer Plenary Meeting

    Source: NATO

    From 24 to 26 June, the NATO Committee on Reserves (NCR) convened its Summer Plenary Meeting in Kirkenes, Norway, at the invitation of the Norwegian military authorities.

    Highlights included a detailed presentation on Norway’s model for border protection, which features close cooperation between national entities such as the Border Commissioner, the Police, and the Armed Forces. Participants also visited the Parsvik Border Station, where they observed highly skilled and motivated young soldiers guarding the Norwegian-Russian border.

    One of the NCR’s key objectives is the sharing of best practices. Norway, Finland and Sweden presented their national approaches to Total Defence. They outlined how they involve the whole of society in conscription, mobilization, recruitment, education and training, with a strong focus on integrating Reserves into regular Armed Forces structures.

    The meeting also provided a timely opportunity to explore the growing strategic importance of NATO’s Nordic Region and the High North. Delegates left Kirkenes with valuable insights and practical knowledge to help further develop national Reserve capabilities. The Committee will reconvene for its Winter Plenary Meeting in Norfolk, USA, from 26 to 29 January 2026.

    The NCR serves as the Military Committee’s standing advisory body on Reserve matters. It is composed of national representatives along with liaison officers from the International Military Staff (IMS), Allied Command Operations (ACO), and Allied Command Transformation (ACT).

    MIL Security OSI –

  • MIL-OSI Security: NATO Committee on Reserves Summer Plenary Meeting

    Source: NATO

    From 24 to 26 June, the NATO Committee on Reserves (NCR) convened its Summer Plenary Meeting in Kirkenes, Norway, at the invitation of the Norwegian military authorities.

    Highlights included a detailed presentation on Norway’s model for border protection, which features close cooperation between national entities such as the Border Commissioner, the Police, and the Armed Forces. Participants also visited the Parsvik Border Station, where they observed highly skilled and motivated young soldiers guarding the Norwegian-Russian border.

    One of the NCR’s key objectives is the sharing of best practices. Norway, Finland and Sweden presented their national approaches to Total Defence. They outlined how they involve the whole of society in conscription, mobilization, recruitment, education and training, with a strong focus on integrating Reserves into regular Armed Forces structures.

    The meeting also provided a timely opportunity to explore the growing strategic importance of NATO’s Nordic Region and the High North. Delegates left Kirkenes with valuable insights and practical knowledge to help further develop national Reserve capabilities. The Committee will reconvene for its Winter Plenary Meeting in Norfolk, USA, from 26 to 29 January 2026.

    The NCR serves as the Military Committee’s standing advisory body on Reserve matters. It is composed of national representatives along with liaison officers from the International Military Staff (IMS), Allied Command Operations (ACO), and Allied Command Transformation (ACT).

    MIL Security OSI –

  • Germany move closer to Euro 2025 knockouts with 2-1 win over Denmark

    Source: Government of India

    Source: Government of India (4)

    Germany’s Sjoeke Nuesken and Lea Schueller struck in the second half to fire the eight-times champions to the verge of the Euro 2025 quarter-finals with a 2-1 victory over Denmark on Tuesday that left the Danes on the brink of an early exit.

    Trailing 1-0 in a game in which two key VAR decisions in the first half went against them, Germany finally got on the scoresheet when they were awarded a penalty in the 56th minute. Nuesken stepped up and calmly slotted her spot-kick into the bottom corner.

    Schueller put the Germans ahead 10 minutes later after a failed clearance by Denmark landed at the Bayern Munich forward’s feet and she swept it into the far corner.

    “This is a victory of mentality, we knew it was going to be tight, we were very happy we were able to turn it around,” Germany coach Christian Wueck said. “It was the mentality, they really wanted to win, so we love to take that away with us.”

    Germany had celebrated what they thought was the opening goal by Klara Buehl but boos rang around the packed St Jakob-Park stadium when it was ruled offside.

    That seemed to halt Germany’s momentum and Amalie Vangsgaard struck for Denmark in the 26th minute when she took a touch before unleashing a shot from a tight angle past Ann-Katrin Berger.

    Germany thought they had won a penalty earlier when the referee whistled and pointed to the spot because of a Denmark handball but VAR determined it was outside the box, prompting more boos from the German fans.

    The Germans will secure their quarter-final place if Poland fail to beat Sweden in Tuesday’s late Group C game.

    Germany defeated Poland in their tournament opener but it came at a heavy cost as captain Giulia Gwinn suffered a knee injury that ended her tournament. Banners of support for the absent skipper dotted the crowd on Tuesday.

    Although Gwinn’s loss was huge, the team’s collective strength enabled them to come from behind after trailing at halftime for only the fourth time in Euros history, as they cranked up the intensity in the second half, finishing the game with 27 shots to Denmark’s five.

    Germany have dominated the Euros since they won the competition for the first time as West Germany in 1989. They lost 2-1 to England in the 2022 final, but have been rebuilding after suffering a shock exit in the group stage of the 2023 World Cup. Denmark had lost to neighbours Sweden in their opener.

    “I think our performance is good in general for a team working extremely hard, but it’s a very good German team,” Denmark coach Andree Jeglertz said.

    “It’s about winning and taking points, and I’m very disappointed that we don’t manage to keep the result, or at least get a point in the end.”

    (Reuters)

  • Germany move closer to Euro 2025 knockouts with 2-1 win over Denmark

    Source: Government of India

    Source: Government of India (4)

    Germany’s Sjoeke Nuesken and Lea Schueller struck in the second half to fire the eight-times champions to the verge of the Euro 2025 quarter-finals with a 2-1 victory over Denmark on Tuesday that left the Danes on the brink of an early exit.

    Trailing 1-0 in a game in which two key VAR decisions in the first half went against them, Germany finally got on the scoresheet when they were awarded a penalty in the 56th minute. Nuesken stepped up and calmly slotted her spot-kick into the bottom corner.

    Schueller put the Germans ahead 10 minutes later after a failed clearance by Denmark landed at the Bayern Munich forward’s feet and she swept it into the far corner.

    “This is a victory of mentality, we knew it was going to be tight, we were very happy we were able to turn it around,” Germany coach Christian Wueck said. “It was the mentality, they really wanted to win, so we love to take that away with us.”

    Germany had celebrated what they thought was the opening goal by Klara Buehl but boos rang around the packed St Jakob-Park stadium when it was ruled offside.

    That seemed to halt Germany’s momentum and Amalie Vangsgaard struck for Denmark in the 26th minute when she took a touch before unleashing a shot from a tight angle past Ann-Katrin Berger.

    Germany thought they had won a penalty earlier when the referee whistled and pointed to the spot because of a Denmark handball but VAR determined it was outside the box, prompting more boos from the German fans.

    The Germans will secure their quarter-final place if Poland fail to beat Sweden in Tuesday’s late Group C game.

    Germany defeated Poland in their tournament opener but it came at a heavy cost as captain Giulia Gwinn suffered a knee injury that ended her tournament. Banners of support for the absent skipper dotted the crowd on Tuesday.

    Although Gwinn’s loss was huge, the team’s collective strength enabled them to come from behind after trailing at halftime for only the fourth time in Euros history, as they cranked up the intensity in the second half, finishing the game with 27 shots to Denmark’s five.

    Germany have dominated the Euros since they won the competition for the first time as West Germany in 1989. They lost 2-1 to England in the 2022 final, but have been rebuilding after suffering a shock exit in the group stage of the 2023 World Cup. Denmark had lost to neighbours Sweden in their opener.

    “I think our performance is good in general for a team working extremely hard, but it’s a very good German team,” Denmark coach Andree Jeglertz said.

    “It’s about winning and taking points, and I’m very disappointed that we don’t manage to keep the result, or at least get a point in the end.”

    (Reuters)

  • Sweden reach Euro 2025 knockouts with 3-0 win over Poland

    Source: Government of India

    Source: Government of India (4)

    Sweden subjected Poland to an all-out aerial attack, scoring three headed goals in a 3-0 win to reach the knockout stages of the women’s European Championship, with captain Kosovare Asllani playing the role of air traffic controller throughout.

    The mercurial 35-year-old sent an early looping header bouncing off the woodwork before teeing up Stina Blackstenius to open the scoring.

    She then netted a header herself after the break, with Lina Hurtig adding a third from a corner as the Swedes guaranteed a top-two spot in Group C and a place in the next round. They will face Germany in their final group game on Saturday to decide who finishes top.

    “The plan was to attack through the flanks and through the wings, because we knew we would have a lot of space there, so we tried to attack, and got a lot of crosses in,” Asllani told Reuters.

    “The first goal, I waited one second extra, waited for their defenders to move, for me to chip it in to Stina. So it’s three headers, three beautiful goals, the three points.”

    The Swedes never relented, pushing down the wings throughout the game.

    “We had seen clips where they are centred themselves a lot, so it felt natural for us to go wide and work from there. It worked for the whole game, so we just kept going at it,” midfielder Filippa Angeldahl told Reuters.

    “We’ll go through Germany and we’ll take a lot of things with us from today. Obviously we’re strong in the box and we want to get in the box as much as possible.”

    With Poland and Denmark now eliminated, it remains to be seen whether the Swedes will adopt the same tactics against Germany when the two sides battle it out in Zurich, and Asllani had a steely look when asked what the plan would be.

    “We want to win the group. That’s clear,” she said.

    (Reuters)

     

  • India set to explore over 2.5 lakh sq km in one of the largest offshore energy efforts

    Source: Government of India

    Source: Government of India (4)

    In one of the world’s largest offshore energy exploration initiatives, India is set to explore more than 2.5 lakh square kilometres under the Open Acreage Licensing Programme (OALP) Round X, Minister of Petroleum and Natural Gas Hardeep Singh Puri said on Wednesday.

    “We are ready to enter a new era of energy… In the field of oil and gas exploration and production, there are no longer obstacles, only possibilities,” the minister said in a post on X.

    Hardeep Singh Puri is currently attending a meeting of the Offshore Energy Cluster in Bergen, Norway.

    “The bold decision taken by Prime Minister Narendra Modi on the ‘no-go’ area is not only strengthening the country’s energy security but also preparing India to lead a major transformation in the energy sector,” he added.

    The Union Minister also met Kristian Sorensen, CEO of BW LPG, the world’s leading owner and operator of LPG vessels, which owns and operates Very Large Gas Carriers (VLGCs) with a total carrying capacity of over 4 million CBM.

    “The company is among the leaders in LPG shipping, accounting for 20 per cent of LPG imports into India. During our meeting in Oslo, we discussed ways to further strengthen the collaboration between BW LPG and Indian energy companies,” Puri said.

    Meanwhile, the oil and gas blocks being offered under the OALP have already attracted interest from both global and domestic energy players. Round X is expected to set new benchmarks for participation and investment.

    The Petroleum Ministry has also invited feedback and suggestions on the Draft Petroleum and Natural Gas Rules, the Model Revenue Sharing Contract (MRSC), and the Petroleum Lease by July 17, 2025, as part of India’s push to accelerate the oil and gas sector.

    Hardeep Puri is scheduled to engage with ministers, officials and industry leaders at ‘Urja Varta 2025’ at Bharat Mandapam on July 17, ahead of India’s Round X of exploration and production bidding for oil and gas blocks, which is among the largest globally.

    —IANS

  • MIL-OSI: 4BIO Capital co-leads Actithera’s oversubscribed $75.5 million Series A financing

    Source: GlobeNewswire (MIL-OSI)

    4BIO investing in unique radiopharmaceutical platform company, developing radioligands with prolonged tumour retention

    Series A was co-led by 4BIO Capital, founding investor M Ventures, Hadean Ventures, and Sofinnova Partners, with syndicate including Bioqube Ventures, Surveyor Capital (a Citadel company) and others

    Proceeds will support clinical development of Actithera’s fibroblast activation protein (FAP)-targeting candidate and pipeline expansion

    London, United Kingdom, 9 July 2025 – 4BIO Capital (“4BIO” or “the Group”), an international venture capital firm unlocking the treatments of the future by investing in advanced therapies and other emerging technologies, today announces that it has co-led a $75.5 million Series A Financing round of Actithera (the “Company”).

    Radiopharmaceutical therapy (or radioligand therapy, RLT) is a targeted form of radiotherapy that can treat cancers resistant to other therapies and represents a $7.5 billion market projected to grow to $14.4 billion by 20341. RLTs with the appropriate pharmacokinetic profile can achieve efficacy with minimal toxicity; however, attaining the ideal pharmacokinetic characteristics is not trivial. 4BIO’s investment in Actithera highlights the clear need for a more systematic approach to optimizing RLT vectors and exemplifies the Group’s strategy of identifying critical technology gaps, backing innovative solutions, and supporting them in high-growth markets.

    4BIO co-led the oversubscribed round alongside founding investor M Ventures, Hadean Ventures, and Sofinnova Partners with additional participation from Bioqube Ventures, Innovestor’s Life Science Fund, Investinor, Surveyor Capital (a Citadel company), and the second founding investor, Arkin Bio Ventures II.

    Therese Liechtenstein, incoming Board Member and Investment Director at 4BIO Capital, said: “At 4BIO we invest in companies solving technical unmet needs to enable next-generation therapeutics. We are honoured to support Actithera, whose pipeline of molecules addresses key challenges in the nascent radioligand therapies space; a large therapeutic window through high tumour retention and low systemic exposure, applied to a lead programme that has significant pan-tumour therapeutic potential.”

    Dr Andreas Goutopoulous, Founder and CEO of Actithera, added: “We are grateful for 4BIO Capital’s support in this oversubscribed Series A, which is a strong validation of our approach. We set out to bring structure-based and kinetics-driven thinking from small molecule drug design into the world of radiopharmaceuticals. We engineer our radioconjugates for extended retention within tumours, making them ideally suited for longer-lived radionuclides and ultimately delivering more convenient dosing schedules and enhanced efficacy and safety for patients.”

    As part of the Series A financing, Therese Liechtenstein, Investment Director at 4BIO Capital will join the Actithera Board of Directors.

    The financing will support the advancement of Actithera’s lead FAP asset into clinical development in multiple indications, while also enabling the continued development of its proprietary RLT discovery platform and preclinical pipeline.

    The Company’s discovery platform combines rational drug design with radiochemistry to create novel small molecule radioligands that overcome current limitations in radiopharmaceutical development. Its three-pillar platform includes first-in-class covalent targeting strategies, designed to optimize tumour residence time, while ensuring rapid systemic clearance – improving precision, safety, and efficacy. Two additional proprietary approaches further support compound differentiation and improve tumour residence time and selectivity. This platform was validated through Actithera’s work on FAP, a high-value theranostic target known for being difficult to drug with molecules that maintain prolonged tumour residency. These efforts have resulted in a FAP-directed RLT development candidate with best-in-class potential due to its optimal pharmacokinetic profile and tumour specificity.

    Dr Andreas Goutopoulos, founder and CEO, brings over 25 years of pharmaceutical and biotech industry experience, including a track record of more than a dozen development candidates. His background includes over a decade of discovery leadership at EMD Serono, where he led medicinal chemistry. In his role as Entrepreneur-in-Residence (EIR) at M Ventures, he led the scientific efforts of and supported a number of oncology small molecule biotechs. At Actithera, he is pioneering a chemistry-driven, precision approach to RLTs by integrating novel covalent-targeting chemistries, rational drug design principles and an isotope-agnostic philosophy.

    – End –

    Contacts

    4BIO Capital +44 (0) 203 427 5500
    info@4biocapital.com
       
    ICR Healthcare
    Amber Fennell, Jonathan Edwards, Kris Lam    		 +44 (0)20 3709 5700
    4biocapital@icrhealthcare.com

    About 4BIO Capital
    4BIO Capital (“4BIO”) is an international venture capital firm focused on investing in advanced therapies and emerging modalities, to unlock the treatments of the future. 4BIO’s mission is to invest in, support, and grow early-stage companies solving technical bottlenecks that enable next generation therapeutics in areas of high unmet medical need, with the ultimate goal of ensuring access to these potentially transformative therapies for all patients. The 4BIO team comprises leading advanced therapy scientists and experienced life science investors with an unrivalled network within the advanced therapy sector and a unique understanding of the criteria that define a successful investment opportunity in this space. For more information, connect with us on LinkedIn and Twitter @4biocapital and visit www.4biocapital.com.

    About Actithera
    Actithera is a radiopharmaceutical biotech company translating medicinal chemistry insights into next-generation radioligand therapies (RLTs). Founded in 2021 by drug discovery innovator Dr. Andreas Goutopoulos, and seed investors M Ventures, and Arkin Bio-Holdings, Actithera applies various molecular design strategies, including covalent-targeting and an isotope-agnostic philosophy to invent RLTs with significant differentiation and larger therapeutic windows. Headquartered in Oslo, Norway, and Cambridge, Massachusetts, Actithera is committed to advancing a differentiated pipeline addressing critical unmet needs in oncology. Learn more at www.actithera.com and on LinkedIn.

    1 https://www.precedenceresearch.com/radiopharmaceuticals-market

    The MIL Network –

  • MIL-OSI: 4BIO Capital co-leads Actithera’s oversubscribed $75.5 million Series A financing

    Source: GlobeNewswire (MIL-OSI)

    4BIO investing in unique radiopharmaceutical platform company, developing radioligands with prolonged tumour retention

    Series A was co-led by 4BIO Capital, founding investor M Ventures, Hadean Ventures, and Sofinnova Partners, with syndicate including Bioqube Ventures, Surveyor Capital (a Citadel company) and others

    Proceeds will support clinical development of Actithera’s fibroblast activation protein (FAP)-targeting candidate and pipeline expansion

    London, United Kingdom, 9 July 2025 – 4BIO Capital (“4BIO” or “the Group”), an international venture capital firm unlocking the treatments of the future by investing in advanced therapies and other emerging technologies, today announces that it has co-led a $75.5 million Series A Financing round of Actithera (the “Company”).

    Radiopharmaceutical therapy (or radioligand therapy, RLT) is a targeted form of radiotherapy that can treat cancers resistant to other therapies and represents a $7.5 billion market projected to grow to $14.4 billion by 20341. RLTs with the appropriate pharmacokinetic profile can achieve efficacy with minimal toxicity; however, attaining the ideal pharmacokinetic characteristics is not trivial. 4BIO’s investment in Actithera highlights the clear need for a more systematic approach to optimizing RLT vectors and exemplifies the Group’s strategy of identifying critical technology gaps, backing innovative solutions, and supporting them in high-growth markets.

    4BIO co-led the oversubscribed round alongside founding investor M Ventures, Hadean Ventures, and Sofinnova Partners with additional participation from Bioqube Ventures, Innovestor’s Life Science Fund, Investinor, Surveyor Capital (a Citadel company), and the second founding investor, Arkin Bio Ventures II.

    Therese Liechtenstein, incoming Board Member and Investment Director at 4BIO Capital, said: “At 4BIO we invest in companies solving technical unmet needs to enable next-generation therapeutics. We are honoured to support Actithera, whose pipeline of molecules addresses key challenges in the nascent radioligand therapies space; a large therapeutic window through high tumour retention and low systemic exposure, applied to a lead programme that has significant pan-tumour therapeutic potential.”

    Dr Andreas Goutopoulous, Founder and CEO of Actithera, added: “We are grateful for 4BIO Capital’s support in this oversubscribed Series A, which is a strong validation of our approach. We set out to bring structure-based and kinetics-driven thinking from small molecule drug design into the world of radiopharmaceuticals. We engineer our radioconjugates for extended retention within tumours, making them ideally suited for longer-lived radionuclides and ultimately delivering more convenient dosing schedules and enhanced efficacy and safety for patients.”

    As part of the Series A financing, Therese Liechtenstein, Investment Director at 4BIO Capital will join the Actithera Board of Directors.

    The financing will support the advancement of Actithera’s lead FAP asset into clinical development in multiple indications, while also enabling the continued development of its proprietary RLT discovery platform and preclinical pipeline.

    The Company’s discovery platform combines rational drug design with radiochemistry to create novel small molecule radioligands that overcome current limitations in radiopharmaceutical development. Its three-pillar platform includes first-in-class covalent targeting strategies, designed to optimize tumour residence time, while ensuring rapid systemic clearance – improving precision, safety, and efficacy. Two additional proprietary approaches further support compound differentiation and improve tumour residence time and selectivity. This platform was validated through Actithera’s work on FAP, a high-value theranostic target known for being difficult to drug with molecules that maintain prolonged tumour residency. These efforts have resulted in a FAP-directed RLT development candidate with best-in-class potential due to its optimal pharmacokinetic profile and tumour specificity.

    Dr Andreas Goutopoulos, founder and CEO, brings over 25 years of pharmaceutical and biotech industry experience, including a track record of more than a dozen development candidates. His background includes over a decade of discovery leadership at EMD Serono, where he led medicinal chemistry. In his role as Entrepreneur-in-Residence (EIR) at M Ventures, he led the scientific efforts of and supported a number of oncology small molecule biotechs. At Actithera, he is pioneering a chemistry-driven, precision approach to RLTs by integrating novel covalent-targeting chemistries, rational drug design principles and an isotope-agnostic philosophy.

    – End –

    Contacts

    4BIO Capital +44 (0) 203 427 5500
    info@4biocapital.com
       
    ICR Healthcare
    Amber Fennell, Jonathan Edwards, Kris Lam    		 +44 (0)20 3709 5700
    4biocapital@icrhealthcare.com

    About 4BIO Capital
    4BIO Capital (“4BIO”) is an international venture capital firm focused on investing in advanced therapies and emerging modalities, to unlock the treatments of the future. 4BIO’s mission is to invest in, support, and grow early-stage companies solving technical bottlenecks that enable next generation therapeutics in areas of high unmet medical need, with the ultimate goal of ensuring access to these potentially transformative therapies for all patients. The 4BIO team comprises leading advanced therapy scientists and experienced life science investors with an unrivalled network within the advanced therapy sector and a unique understanding of the criteria that define a successful investment opportunity in this space. For more information, connect with us on LinkedIn and Twitter @4biocapital and visit www.4biocapital.com.

    About Actithera
    Actithera is a radiopharmaceutical biotech company translating medicinal chemistry insights into next-generation radioligand therapies (RLTs). Founded in 2021 by drug discovery innovator Dr. Andreas Goutopoulos, and seed investors M Ventures, and Arkin Bio-Holdings, Actithera applies various molecular design strategies, including covalent-targeting and an isotope-agnostic philosophy to invent RLTs with significant differentiation and larger therapeutic windows. Headquartered in Oslo, Norway, and Cambridge, Massachusetts, Actithera is committed to advancing a differentiated pipeline addressing critical unmet needs in oncology. Learn more at www.actithera.com and on LinkedIn.

    1 https://www.precedenceresearch.com/radiopharmaceuticals-market

    The MIL Network –

  • MIL-OSI Europe: OSCE leads regional effort to prevent youth violence across South-Eastern Europe

    Source: Organization for Security and Co-operation in Europe – OSCE

    Headline: OSCE leads regional effort to prevent youth violence across South-Eastern Europe

    As peer violence and early criminal behavior among young people become growing concerns, the OSCE held an intensive two-day regional training in Jahorina, Bosnia and Herzegovina, on 2 and 3 July. The event brought together key frontline professionals from across South-Eastern Europe to strengthen efforts to prevent youth violence.
    Organized by the OSCE Transnational Threats Department and the Office of the Co-ordinator of OSCE Economic and Environmental Activities, the training equipped 23 social workers, educators, youth officers, and law enforcement representatives from Albania, Bosnia and Herzegovina and Montenegro with practical tools to prevent and de-escalate violence among youth.
    The training focused on real-life challenges that professionals face in schools and communities, aiming to building trust, resilience, and supportive environments for young people. Participants explored the root causes of youth violence, from family issues and peer pressure to the influence of social media. Through interactive group work, simulations, and expert-led exercises, they learned how to spot early warning signs, manage conflict, and encourage mutual respect.  A key goal of the training was to strengthen regional collaboration and promote shared approaches to preventing youth violence.
    “This training on youth violence prevention was a valuable opportunity to exchange experiences with colleagues from the region facing similar challenges,” said Arijana Muzaferovic, Director of the Centre for Social Work in Bosanska Krupa, Bosnia and Herzegovina. “Through practical exercises, we explored concrete ways to identify early signs of risk and provide timely, meaningful support to young people before problems escalate into violence,” she added.
    Participants concluded the training with concrete ideas on how to apply the lessons learned in their local contexts and how to enhance co-operation across borders.
    The training was part of the OSCE-wide multi-year extrabudgetary project “Enhancing youth crime and drug use prevention through education on legality and awareness campaigns addressing threats of organized crime and corruption”, funded by Italy with additional support from Andorra, Finland, Germany, Norway, Poland and Thailand.

    MIL OSI Europe News –

  • MIL-OSI Europe: OSCE study visit on Small Arms and Light Weapons strengthens co-operation between Sweden and Ukraine

    Source: Organization for Security and Co-operation in Europe – OSCE

    Headline: OSCE study visit on Small Arms and Light Weapons strengthens co-operation between Sweden and Ukraine

    Ukrainian specialists working on small arms and light weapons (SALW) control during a study visit to the Swedish National Police Force, Stockholm, 26 June 2025. (OSCE) Photo details

    From 24 to 26 June 2025, the OSCE’s Conflict Prevention Centre facilitated a study visit to the Swedish National Police Force in Stockholm for Ukrainian specialists working on small arms and light weapons (SALW) control. Participants included representatives from the National Police of Ukraine, State Border Guard Service, State Customs Service and Security Service.
    Hosting the visit, Swedish specialists presented their national firearms legislation and shared good practices on border management, detection methods, forensic analysis and investigations of cases of illicit trafficking of SALW. The visit strengthened collaboration and professional relationships between Ukraine and Sweden in firearms control, countering smuggling, and border security.
    By enhancing the authorities’ skills and capacities, this initiative boosted the co-ordination efforts within the National Firearms Focal Points and the National Coordination Centre of Ukraine, recently established to strengthen collaboration and improve response to security threats.
    The visit was organized under the OSCE’s extrabudgetary project supporting Ukrainian authorities in preventing and combating illicit trafficking in weapons, ammunition, and explosives. It aimed to foster international collaboration and enhance Ukrainian authorities’ expertise in this field.

    MIL OSI Europe News –

  • MIL-OSI: UPDATE – KingsRock Advisors Announces Dr. Josef Ackermann as Chairman of New Advisory Board, Additional Senior Hires and Senior Advisors, and Inaugural Capital Raise

    Source: GlobeNewswire (MIL-OSI)

    – This Strengthens KingsRock’s Business Across Geographies and Industries

    NEW YORK and LONDON and STOCKHOLM and DUBAI, United Arab Emirates, July 08, 2025 (GLOBE NEWSWIRE) — KingsRock Advisors, LLC (“KingsRock”), an independent global advisory firm, announced today the formation of a new Advisory Board chaired by Dr. Josef Ackermann, previously the long-term CEO of Deutsche Bank. Furthermore, the firm announced a series of new Senior Hires, additional Senior Advisors, and an inaugural Capital Raise. This expansion aims to accelerate the growth of KingsRock’s capital solutions and corporate finance business across industries, geographies, and capital structures.

    We are pleased to welcome Dr. Josef Ackermann as Chairman and the following Senior Banking Executives who have agreed to serve as Members of our new KingsRock Advisory Board:

    Dr. Josef Ackermann Zurich, former Chairman of the Management Board, Deutsche Bank
    Fred Brettschneider New York, former Head of Deutsche Bank Global Markets Americas
    Yassine Bouhara Dubai, CEO Tell Group, former Global Head of Deutsche Bank Global Equities
    Kevin Parker New York, CEO SICM,  former CEO of Deutsche Asset Management
    Bernardo Parnes Sao Paolo, CEO of One Partners, former CEO of Deutsche Bank Latin America
    Jon Vaccaro Darien, Founder V20 Group, former Global Head of Deutsche Bank CRE
    Seth Waugh Palm Beach, former CEO of Deutsche Bank Americas, former Chairman of PGA
       

    We are pleased to welcome the following Senior Investment Bankers who have joined KingsRock recently in the US and EMEA as Managing Directors, with further expansion planned:

    David Barcus New York, former BNP and Raymond James
    John Doyamis New York, former EBG, and Bear Stearns
    Leo-Hendrik Greve Amsterdam, former ING, Citi and MS
    Rony Jawhar Dubai, former Arqaam and Deutsche Bank
    Bray Kelly New York, former JBK Capital and UBS
    Joe Lovrics Madrid, former Societe General, Citi, and BNP
    Bill Miller New York, Commerce Street, TPG Sixth Street, Citi
    Hans Narberhaus Madrid, former Deutsche Bank 
    Laurent Quelin London, former Chenavari, and CS
    Francois-Louise Ricard Paris, former Groupe Caisse des Depots, MS and SG
    Jorge de los Rios Madrid, former Santander, S&P and Lehman
    Mike Turnbull London, former StormHarbour, BAML and MS
    Andrew Whittaker New York, Lazard, GSAM and Lehman 
       

    In Q2 we were also joined by Gregor Bates, Associate, London, and Analysts Matt Farrell, Nikita Spivakov, and Tim O’Callaghan in New York.

    We also welcome George Parker, New York, as Senior Advisor for Operations.

    This team’s decades of investment banking experience across Origination, Advisory, Capital Markets, Structuring, and Leveraged Finance should help propel our growth and strategy to originate, structure, and distribute private capital markets transactions and provide strategic advisory services. Our goal is to further strengthen KingsRock’s ability to serve issuer clients and the private credit, special situations and private equity investor universe with ever more tailor-made capital solutions and investment opportunities.

    Expansion of our Global Network of Senior Advisors

    We are also pleased to announce that we now have 120 (one hundred and twenty) Senior Advisors from approximately 50 countries around the world. Each is a truly Independent Advisor with his or her own interest and focus, some with companies that we have partnered with, etc. Many of these advisors comprised the most senior leadership of Deutsche Bank and oversaw a wide range of functions, from CEO and six other former Management Board Members, to Country Heads and Divisional Heads of M&A, Capital Markets, and Heads of Sales, Coverage, Industry Groups, Economists, Operations, etc.

    This unique Global Network of former colleagues and friends as our Senior Advisors allows KingsRock access to key decision makers nearly anywhere in the world, spanning companies, institutional investors, financial institutions, and the public sector. It also offers mutual benefits in deal making through origination, execution, and distribution, be it a cross-border M&A transaction or bespoke institutional capital raising deal.

    We are also pleased to Announce a successful close of our inaugural third-party capital raise for KingsRock Advisors LLC, to support our expansion and elevate our investment banking boutique, with further strategic growth planned. We thank all of our investors for their strong support.

    “We are excited to welcome our new Senior Advisory Board Members, our new Managing Directors, Associate and Analyst colleagues, and our Senior Advisors network to KingsRock as we continue to expand the global reach of our capital solutions business. Together with our inaugural capital raise to boost and increase the visibility of our platform, successfully concluded in Q2, we are truly thrilled with the progress our young firm is making to serve our clients and support our ambitious growth. In the near term, we will share more details about our expansion across our financial services offering,” said Håkan Wohlin, Founder & Managing Partner, and Louis Jaffe, Co-Founder & Managing Partner.

    KingsRock has already announced and closed several significant transactions in 2025. Angel Oak’s recently announced sale to Brookfield, where KingsRock Advisors served as the Exclusive Financial Advisor to Angel Oak, is indeed a landmark transaction. On April 1st, 2025, Brookfield Asset Management and Angel Oak to Entered into Strategic Partnership. KingsRock Securities LLC, a wholly owned subsidiary of KingsRock Advisors LLC, acted as Exclusive Financial Advisor to Angel Oak Companies.

    About KingsRock:

    KingsRock Advisors, LLC headquartered at 900 Third Avenue, New York, NY 10022, is an independent global advisory firm, with securities offered by KingsRock Securities LLC, a FINRA member firm and SIPC, as well as KingsRock Advisors UK Ltd and KingsRock Advisors Europe AB, both wholly owned subsidiaries of KingsRock Advisors LLC.

    Founded in 2020, KingsRock comprises a team of approximately 40 full time professionals who advise on a wide range of private capital markets transactions including debt, hybrid, equity and M&A covering structures from vanilla to highly structured. The team collectively has worked on thousands of transactions across various industry sectors worldwide. Clients include private equity and private credit firms, corporations, financial institutions, government-related entities, and institutional investors.

    KingsRock Advisors offers the experience and global reach of a large firm, combined with the structural agility and creativity of a boutique. An independent advisory firm with a global network that provides unconflicted strategic and financial advisory services, along with innovative capital solutions and special situations. The firms’ bankers excel in complex transactions and deliver swift results often where large banks and traditional sources of financing do not have the ability to engage. KingsRock advisors operates across all major industry sectors and is supported by a global network of 120 independent Senior Advisors across 50 countries, who bring decades of deal making experience.

    Disclaimer:

    Securities offered by KingsRock Securities LLC, a FINRA member firm and a member of SIPC., a wholly owned subsidiary of KingsRock Advisors LLC. • 900 Third Avenue, 10th Floor • New York, NY 10022.

    KingsRock Advisors UK Ltd is a private limited company registered in England and Wales with registration number 15240371. KingsRock Advisors UK Ltd (FRN 1006329) is an Appointed Representative under Bluegrove Capital Management Ltd (FRN: 960363), which is authorised and regulated by the Financial Conduct Authority.

    KingsRock Advisors Europe AB is incorporated in Sweden (EU), with registered office at Grev Turegatan 14, 114 46 Stockholm, Sweden, and is a tied agent of Svensk Värdepappersservice i Stockholm AB, a Swedish investment firm authorized and regulated by the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) under the Swedish Securities Market Act (Sw. lag (2007:528) om värdepappersmarknaden).

    This message is provided for information purposes and does not constitute an invitation, solicitation or offer to buy or sell any securities or investment. Neither KingsRock Securities, LLC nor its affiliates provide accounting, tax or legal advice; such matters should be discussed with your advisors and/or counsel.

    The MIL Network –

  • MIL-OSI: UPDATE – KingsRock Advisors Announces Dr. Josef Ackermann as Chairman of New Advisory Board, Additional Senior Hires and Senior Advisors, and Inaugural Capital Raise

    Source: GlobeNewswire (MIL-OSI)

    – This Strengthens KingsRock’s Business Across Geographies and Industries

    NEW YORK and LONDON and STOCKHOLM and DUBAI, United Arab Emirates, July 08, 2025 (GLOBE NEWSWIRE) — KingsRock Advisors, LLC (“KingsRock”), an independent global advisory firm, announced today the formation of a new Advisory Board chaired by Dr. Josef Ackermann, previously the long-term CEO of Deutsche Bank. Furthermore, the firm announced a series of new Senior Hires, additional Senior Advisors, and an inaugural Capital Raise. This expansion aims to accelerate the growth of KingsRock’s capital solutions and corporate finance business across industries, geographies, and capital structures.

    We are pleased to welcome Dr. Josef Ackermann as Chairman and the following Senior Banking Executives who have agreed to serve as Members of our new KingsRock Advisory Board:

    Dr. Josef Ackermann Zurich, former Chairman of the Management Board, Deutsche Bank
    Fred Brettschneider New York, former Head of Deutsche Bank Global Markets Americas
    Yassine Bouhara Dubai, CEO Tell Group, former Global Head of Deutsche Bank Global Equities
    Kevin Parker New York, CEO SICM,  former CEO of Deutsche Asset Management
    Bernardo Parnes Sao Paolo, CEO of One Partners, former CEO of Deutsche Bank Latin America
    Jon Vaccaro Darien, Founder V20 Group, former Global Head of Deutsche Bank CRE
    Seth Waugh Palm Beach, former CEO of Deutsche Bank Americas, former Chairman of PGA
       

    We are pleased to welcome the following Senior Investment Bankers who have joined KingsRock recently in the US and EMEA as Managing Directors, with further expansion planned:

    David Barcus New York, former BNP and Raymond James
    John Doyamis New York, former EBG, and Bear Stearns
    Leo-Hendrik Greve Amsterdam, former ING, Citi and MS
    Rony Jawhar Dubai, former Arqaam and Deutsche Bank
    Bray Kelly New York, former JBK Capital and UBS
    Joe Lovrics Madrid, former Societe General, Citi, and BNP
    Bill Miller New York, Commerce Street, TPG Sixth Street, Citi
    Hans Narberhaus Madrid, former Deutsche Bank 
    Laurent Quelin London, former Chenavari, and CS
    Francois-Louise Ricard Paris, former Groupe Caisse des Depots, MS and SG
    Jorge de los Rios Madrid, former Santander, S&P and Lehman
    Mike Turnbull London, former StormHarbour, BAML and MS
    Andrew Whittaker New York, Lazard, GSAM and Lehman 
       

    In Q2 we were also joined by Gregor Bates, Associate, London, and Analysts Matt Farrell, Nikita Spivakov, and Tim O’Callaghan in New York.

    We also welcome George Parker, New York, as Senior Advisor for Operations.

    This team’s decades of investment banking experience across Origination, Advisory, Capital Markets, Structuring, and Leveraged Finance should help propel our growth and strategy to originate, structure, and distribute private capital markets transactions and provide strategic advisory services. Our goal is to further strengthen KingsRock’s ability to serve issuer clients and the private credit, special situations and private equity investor universe with ever more tailor-made capital solutions and investment opportunities.

    Expansion of our Global Network of Senior Advisors

    We are also pleased to announce that we now have 120 (one hundred and twenty) Senior Advisors from approximately 50 countries around the world. Each is a truly Independent Advisor with his or her own interest and focus, some with companies that we have partnered with, etc. Many of these advisors comprised the most senior leadership of Deutsche Bank and oversaw a wide range of functions, from CEO and six other former Management Board Members, to Country Heads and Divisional Heads of M&A, Capital Markets, and Heads of Sales, Coverage, Industry Groups, Economists, Operations, etc.

    This unique Global Network of former colleagues and friends as our Senior Advisors allows KingsRock access to key decision makers nearly anywhere in the world, spanning companies, institutional investors, financial institutions, and the public sector. It also offers mutual benefits in deal making through origination, execution, and distribution, be it a cross-border M&A transaction or bespoke institutional capital raising deal.

    We are also pleased to Announce a successful close of our inaugural third-party capital raise for KingsRock Advisors LLC, to support our expansion and elevate our investment banking boutique, with further strategic growth planned. We thank all of our investors for their strong support.

    “We are excited to welcome our new Senior Advisory Board Members, our new Managing Directors, Associate and Analyst colleagues, and our Senior Advisors network to KingsRock as we continue to expand the global reach of our capital solutions business. Together with our inaugural capital raise to boost and increase the visibility of our platform, successfully concluded in Q2, we are truly thrilled with the progress our young firm is making to serve our clients and support our ambitious growth. In the near term, we will share more details about our expansion across our financial services offering,” said Håkan Wohlin, Founder & Managing Partner, and Louis Jaffe, Co-Founder & Managing Partner.

    KingsRock has already announced and closed several significant transactions in 2025. Angel Oak’s recently announced sale to Brookfield, where KingsRock Advisors served as the Exclusive Financial Advisor to Angel Oak, is indeed a landmark transaction. On April 1st, 2025, Brookfield Asset Management and Angel Oak to Entered into Strategic Partnership. KingsRock Securities LLC, a wholly owned subsidiary of KingsRock Advisors LLC, acted as Exclusive Financial Advisor to Angel Oak Companies.

    About KingsRock:

    KingsRock Advisors, LLC headquartered at 900 Third Avenue, New York, NY 10022, is an independent global advisory firm, with securities offered by KingsRock Securities LLC, a FINRA member firm and SIPC, as well as KingsRock Advisors UK Ltd and KingsRock Advisors Europe AB, both wholly owned subsidiaries of KingsRock Advisors LLC.

    Founded in 2020, KingsRock comprises a team of approximately 40 full time professionals who advise on a wide range of private capital markets transactions including debt, hybrid, equity and M&A covering structures from vanilla to highly structured. The team collectively has worked on thousands of transactions across various industry sectors worldwide. Clients include private equity and private credit firms, corporations, financial institutions, government-related entities, and institutional investors.

    KingsRock Advisors offers the experience and global reach of a large firm, combined with the structural agility and creativity of a boutique. An independent advisory firm with a global network that provides unconflicted strategic and financial advisory services, along with innovative capital solutions and special situations. The firms’ bankers excel in complex transactions and deliver swift results often where large banks and traditional sources of financing do not have the ability to engage. KingsRock advisors operates across all major industry sectors and is supported by a global network of 120 independent Senior Advisors across 50 countries, who bring decades of deal making experience.

    Disclaimer:

    Securities offered by KingsRock Securities LLC, a FINRA member firm and a member of SIPC., a wholly owned subsidiary of KingsRock Advisors LLC. • 900 Third Avenue, 10th Floor • New York, NY 10022.

    KingsRock Advisors UK Ltd is a private limited company registered in England and Wales with registration number 15240371. KingsRock Advisors UK Ltd (FRN 1006329) is an Appointed Representative under Bluegrove Capital Management Ltd (FRN: 960363), which is authorised and regulated by the Financial Conduct Authority.

    KingsRock Advisors Europe AB is incorporated in Sweden (EU), with registered office at Grev Turegatan 14, 114 46 Stockholm, Sweden, and is a tied agent of Svensk Värdepappersservice i Stockholm AB, a Swedish investment firm authorized and regulated by the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) under the Swedish Securities Market Act (Sw. lag (2007:528) om värdepappersmarknaden).

    This message is provided for information purposes and does not constitute an invitation, solicitation or offer to buy or sell any securities or investment. Neither KingsRock Securities, LLC nor its affiliates provide accounting, tax or legal advice; such matters should be discussed with your advisors and/or counsel.

    The MIL Network –

  • MIL-OSI Analysis: The Edwardians: Age of Elegance – a glimpse into royal patronage of the arts in the early 20th century

    Source: The Conversation – UK – By Jane Hamlett, Professor of Modern British History, Royal Holloway University of London

    King Edward VII, the son of Queen Victoria, ascended the throne upon her death in 1901, but unlike his mother, he ruled for a very short period and died in 1910. His reign, along with the years immediately before the outbreak of the first world war in 1914, are known as the Edwardian period.

    Taking in this particular era, The Edwardians: Age of Elegance at the King’s Gallery in Buckingham Palace, focuses on the artistic patronage of Edward VII and his wife Alexandra of Denmark, and their son George V and his wife Mary of Teck.

    Looking for something good? Cut through the noise with a carefully curated selection of the latest releases, live events and exhibitions, straight to your inbox every fortnight, on Fridays. Sign up here.

    Edward and Alexandra were married in 1863, and as Prince and Princess of Wales the pair were leading tastemakers in Victorian upper-class society in the years before Edward came to the throne at the beginning of the 20th century.

    This is often regarded as a golden age before the carnage and disruption of the great war saw the world indelibly change. However, the exhibition is not confined to these years and also reaches back into the Victorian period (1837-1901).

    Those hoping to experience some of the glamour of the royal family won’t be disappointed. The first room takes visitors into the heady atmosphere of the Marlborough House set which centred around Edward and Alexandra’s residence in St James’s. One case commemorates the 1871 Waverley Ball which marked the centenary of popular Scottish novelist Sir Walter Scott. Alexandra’s elaborate Mary Queen of Scots costume – a silk dress with gold lacings – is on display.

    The pageantry of the court is communicated through a series of stunning narrative paintings including the Danish artist Laurits Tuxen’s The Garden Party at Buckingham Palace (1897-1900) and The Family of Queen Victoria in 1887 (1887) painted for her golden jubilee in 1887.

    This theme is picked up in the second large room, which focuses on the lavish world of the court. Here, the opulent 1911 coronation robes of George and Mary and a case of necklaces and jewellery take centre stage. This exhibit is the star of the show with plenty of visitors posing for photographs in front of it.

    Royals as art collectors

    But beneath all the glitz and glamour there’s a subtler story about how the royal family worked as collectors and their wider role in Britain and beyond. One of the most interesting things about the exhibition is that it reveals the personal taste of the royals, through what they chose to collect.

    Horses, dogs and yachts are prominent. Edward’s dog Caesar, the wire-haired fox terrier who famously followed his funeral procession in 1910, appears in several images, and his race horse Persimmon is also represented.

    Edward and Alexandra were patrons of leading artists of the day – he owned a number of works by the popular Victorian painter Frederic Leighton, while she collected art by the Pre-Raphaelite artist Edward Burne Jones. Alexandra also supported Minton’s pottery studio in the 1870s, which employed many women artists.

    The exhibition also reveals Alexandra’s personal artistic activities. Like many upper-class Victorian women, she was a keen photographer and creator of photo albums. In the second half of the 19th century, album-making offered women an outlet for creativity and emotional expression. An album of designs made by Alexandra in the 1860s features photos arranged in a spiders web, with family and friends transformed into butterflies and insects.

    Royal patronage was often about international connections. Alexandra’s Danish heritage is expressed through pieces from the Royal Copenhagen porcelain manufacturing company, including a massive porcelain cabinet, featuring an ornamental roof topped by a group of dancing monkeys surrounding a large swan.

    A larger room is devoted to objects amassed on visits and through diplomatic exchange with the colonies which at the time included India, part of Africa, Australia, Canada and New Zealand. Increasingly speedy travel networks brought the world closer in the late 19th century and the royal family were able to travel further and more frequently than ever before. These visits played an important role in Britain’s imperial identity, and underlined the nation’s global power.

    Between 1875 and 1876 Edward toured India. This trip produced a dazzling array of diplomatic gifts, such as a case filled with ornately decorated Indian weapons. After the visit Edward created a special Indian room for them at Marlborough House. Today, they sparkle in their cabinet for the exhibition’s visitors.

    The exhibition does a good job of revealing the importance of imperial connections to the royal collections and the role of the royals in the larger colonial project, but in places I would have liked to know more about the stories behind these objects.

    There’s a tension between the precise attribution of the work of British and European artists and the objects that have been gifted from the colonies – almost all labelled “unidentified maker”.

    The absence of such information is the product of longstanding curatorial habits that shaped these collections in the past and continue to determine what we know about them today. This does mean that there are some absences about the origins and makers of these things, which could have been acknowledged more in some of the exhibition text.

    This was particularly evident when looking at a large portrait of the Maori dancer Terewai Horomona by Gottfried Lindauer. The image has an elaborate frame with a plaque declaring it was presented to the Prince of Wales by the New Zealand commissioner for the Colonial and India Exhibition, 1886.

    The commentary states that Edward was “enchanted” with the portrait which was “promptly gifted” to him. But this might have been better used as an opportunity to give some thought to the woman whose image was framed, presented and exchanged.

    Overall, though, this is an enjoyable exhibition that reveals the royal social world, patronage and imperial connections, and tells a fascinating story about the artistic taste and activities of the lesser-known monarchs of the early 20th century.

    Jane Hamlett does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. The Edwardians: Age of Elegance – a glimpse into royal patronage of the arts in the early 20th century – https://theconversation.com/the-edwardians-age-of-elegance-a-glimpse-into-royal-patronage-of-the-arts-in-the-early-20th-century-259909

    MIL OSI Analysis –

  • MIL-OSI: KingsRock Advisors Announces Advisory Board, Additional Senior Hires and Senior Advisors, and Inaugural Capital Raise

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK and LONDON and STOCKHOLM and DUBAI, United Arab Emirates, July 08, 2025 (GLOBE NEWSWIRE) — KingsRock Advisors, LLC (“KingsRock”), an independent global advisory firm, announced today the formation of a new Advisory Board, a series of new Senior Hires, additional Senior Advisors joining us, and an inaugural Capital Raise. This expansion aims to accelerate the growth of KingsRock’s capital solutions and corporate finance business, across industries, geographies, and capital structures.

    We are pleased to welcome the following Senior Banking Executives who have agreed to serve as Members of our new KingsRock Advisory Board:

    Dr. Josef Ackermann   Zurich, former Chairman of the Management Board, Deutsche Bank
    Fred Brettschneider   New York, former Head of Deutsche Bank Global Markets Americas
    Yassine Bouhara   Dubai, CEO Tell Group, former Global Head of Deutsche Bank Global Equities
    Kevin Parker   New York, CEO SICM, former CEO of Deutsche Asset Management
    Bernardo Parnes   Sao Paolo, CEO of One Partners, former CEO of Deutsche Bank Latin America
    Jon Vaccaro   Darien, Founder V20 Group, former Global Head of Deutsche Bank CRE
    Seth Waugh   Palm Beach, former CEO of Deutsche Bank Americas, former Chairman of PGA
         

    We are pleased to welcome the following Senior Investment Bankers who have joined KingsRock recently in the US and EMEA as Managing Directors, with further expansion planned:

    David Barcus   New York, former BNP and Raymond James
    John Doyamis   New York, former EBG, and Bear Stearns
    Leo-Hendrik Greve   Amsterdam, former ING, Citi and MS
    Rony Jawhar   Dubai, former Arqaam and Deutsche Bank
    Bray Kelly   New York, former JBK Capital and UBS
    Joe Lovrics   Madrid, former Societe General, Citi, and BNP
    Bill Miller   New York, Commerce Street, TPG Sixth Street, Citi
    Hans Narberhaus   Madrid, former Deutsche Bank
    Laurent Quelin   London, former Chenavari, and CS
    Francois-Louise Ricard   Paris, former Groupe Caisse des Depots, MS and SG
    Jorge de los Rios   Madrid, former Santander, S&P and Lehman
    Mike Turnbull   London, former StormHarbour, BAML and MS
    Andrew Whittaker   New York, Lazard, GSAM and Lehman

    In Q2 we were also joined by Gregor Bates, Associate, London, and Analysts Matt Farrell, Nikita Spivakov, and Tim O’Callaghan in New York.

    We also welcome George Parker, New York, as Senior Advisor for Operations.

    This team’s decades of investment banking experience across Origination, Advisory, Capital Markets, Structuring, and Leveraged Finance should help propel our growth and strategy to originate, structure, and distribute private capital markets transactions and provide strategic advisory services. Our goal is to further strengthen KingsRock’s ability to serve issuer clients and the private credit, special situations and private equity investor universe with ever more tailor-made capital solutions and investment opportunities.

    Expansion of our Global Network of Senior Advisors

    We are also pleased to announce that we now have 120 (one hundred and twenty) Senior Advisors from approximately 50 countries around the world. Each is a truly Independent Advisor with his or her own interest and focus, some with companies that we have partnered with, etc. Many of these advisors comprised the most senior leadership of Deutsche Bank and oversaw a wide range of functions, from CEO and six other former Management Board Members, to Country Heads and Divisional Heads of M&A, Capital Markets, and Heads of Sales, Coverage, Industry Groups, Economists, Operations, etc.

    This unique Global Network of former colleagues and friends as our Senior Advisors allows KingsRock access to key decision makers nearly anywhere in the world, spanning companies, institutional investors, financial institutions, and the public sector. It also offers mutual benefits in deal making through origination, execution, and distribution, be it a cross-border M&A transaction or bespoke institutional capital raising deal.

    We are also pleased to Announce a successful close of our inaugural third-party capital raise for KingsRock Advisors LLC, to support our expansion and elevate our investment banking boutique, with further strategic growth planned. We thank all of our investors for their strong support.

    “We are excited to welcome our new Senior Advisory Board Members, our new Managing Directors, Associate and Analyst colleagues, and our Senior Advisors network to KingsRock as we continue to expand the global reach of our capital solutions business. Together with our inaugural capital raise to boost and increase the visibility of our platform, successfully concluded in Q2, we are truly thrilled with the progress our young firm is making to serve our clients and support our ambitious growth. In the near term, we will share more details about our expansion across our financial services offering,” said Håkan Wohlin, Founder & Managing Partner, and Louis Jaffe, Co-Founder & Managing Partner.

    KingsRock has already announced and closed several significant transactions in 2025. Angel Oak’s recently announced sale to Brookfield, where KingsRock Advisors served as the Exclusive Financial Advisor to Angel Oak, is indeed a landmark transaction. On April 1st, 2025, Brookfield Asset Management and Angel Oak to Entered into Strategic Partnership. KingsRock Securities LLC, a wholly owned subsidiary of KingsRock Advisors LLC, acted as Exclusive Financial Advisor to Angel Oak Companies.

    About KingsRock:

    KingsRock Advisors, LLC headquartered at 900 Third Avenue, New York, NY 10022, is an independent global advisory firm, with securities offered by KingsRock Securities LLC, a FINRA member firm and SIPC, as well as KingsRock Advisors UK Ltd and KingsRock Advisors Europe AB, both wholly owned subsidiaries of KingsRock Advisors LLC.

    Founded in 2020, KingsRock comprises a team of approximately 40 full time professionals who advise on a wide range of private capital markets transactions including debt, hybrid, equity and M&A covering structures from vanilla to highly structured. The team collectively has worked on thousands of transactions across various industry sectors worldwide. Clients include private equity and private credit firms, corporations, financial institutions, government-related entities, and institutional investors.

    KingsRock Advisors offers the experience and global reach of a large firm, combined with the structural agility and creativity of a boutique. An independent advisory firm with a global network that provides unconflicted strategic and financial advisory services, along with innovative capital solutions and special situations. The firms’ bankers excel in complex transactions and deliver swift results often where large banks and traditional sources of financing do not have the ability to engage. KingsRock advisors operates across all major industry sectors and is supported by a global network of 120 independent Senior Advisors across 50 countries, who bring decades of deal making experience.

    Disclaimer:

    Securities offered by KingsRock Securities LLC, a FINRA member firm and a member of SIPC., a wholly owned subsidiary of KingsRock Advisors LLC. • 900 Third Avenue, 10th Floor • New York, NY 10022.

    KingsRock Advisors UK Ltd is a private limited company registered in England and Wales with registration number 15240371. KingsRock Advisors UK Ltd (FRN 1006329) is an Appointed Representative under Bluegrove Capital Management Ltd (FRN: 960363), which is authorised and regulated by the Financial Conduct Authority.

    KingsRock Advisors Europe AB is incorporated in Sweden (EU), with registered office at Grev Turegatan 14, 114 46 Stockholm, Sweden, and is a tied agent of Svensk Värdepappersservice i Stockholm AB, a Swedish investment firm authorized and regulated by the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) under the Swedish Securities Market Act (Sw. lag (2007:528) om värdepappersmarknaden).

    This message is provided for information purposes and does not constitute an invitation, solicitation or offer to buy or sell any securities or investment. Neither KingsRock Securities, LLC nor its affiliates provide accounting, tax or legal advice; such matters should be discussed with your advisors and/or counsel.

    The MIL Network –

  • MIL-OSI: KingsRock Advisors Announces Advisory Board, Additional Senior Hires and Senior Advisors, and Inaugural Capital Raise

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK and LONDON and STOCKHOLM and DUBAI, United Arab Emirates, July 08, 2025 (GLOBE NEWSWIRE) — KingsRock Advisors, LLC (“KingsRock”), an independent global advisory firm, announced today the formation of a new Advisory Board, a series of new Senior Hires, additional Senior Advisors joining us, and an inaugural Capital Raise. This expansion aims to accelerate the growth of KingsRock’s capital solutions and corporate finance business, across industries, geographies, and capital structures.

    We are pleased to welcome the following Senior Banking Executives who have agreed to serve as Members of our new KingsRock Advisory Board:

    Dr. Josef Ackermann   Zurich, former Chairman of the Management Board, Deutsche Bank
    Fred Brettschneider   New York, former Head of Deutsche Bank Global Markets Americas
    Yassine Bouhara   Dubai, CEO Tell Group, former Global Head of Deutsche Bank Global Equities
    Kevin Parker   New York, CEO SICM, former CEO of Deutsche Asset Management
    Bernardo Parnes   Sao Paolo, CEO of One Partners, former CEO of Deutsche Bank Latin America
    Jon Vaccaro   Darien, Founder V20 Group, former Global Head of Deutsche Bank CRE
    Seth Waugh   Palm Beach, former CEO of Deutsche Bank Americas, former Chairman of PGA
         

    We are pleased to welcome the following Senior Investment Bankers who have joined KingsRock recently in the US and EMEA as Managing Directors, with further expansion planned:

    David Barcus   New York, former BNP and Raymond James
    John Doyamis   New York, former EBG, and Bear Stearns
    Leo-Hendrik Greve   Amsterdam, former ING, Citi and MS
    Rony Jawhar   Dubai, former Arqaam and Deutsche Bank
    Bray Kelly   New York, former JBK Capital and UBS
    Joe Lovrics   Madrid, former Societe General, Citi, and BNP
    Bill Miller   New York, Commerce Street, TPG Sixth Street, Citi
    Hans Narberhaus   Madrid, former Deutsche Bank
    Laurent Quelin   London, former Chenavari, and CS
    Francois-Louise Ricard   Paris, former Groupe Caisse des Depots, MS and SG
    Jorge de los Rios   Madrid, former Santander, S&P and Lehman
    Mike Turnbull   London, former StormHarbour, BAML and MS
    Andrew Whittaker   New York, Lazard, GSAM and Lehman

    In Q2 we were also joined by Gregor Bates, Associate, London, and Analysts Matt Farrell, Nikita Spivakov, and Tim O’Callaghan in New York.

    We also welcome George Parker, New York, as Senior Advisor for Operations.

    This team’s decades of investment banking experience across Origination, Advisory, Capital Markets, Structuring, and Leveraged Finance should help propel our growth and strategy to originate, structure, and distribute private capital markets transactions and provide strategic advisory services. Our goal is to further strengthen KingsRock’s ability to serve issuer clients and the private credit, special situations and private equity investor universe with ever more tailor-made capital solutions and investment opportunities.

    Expansion of our Global Network of Senior Advisors

    We are also pleased to announce that we now have 120 (one hundred and twenty) Senior Advisors from approximately 50 countries around the world. Each is a truly Independent Advisor with his or her own interest and focus, some with companies that we have partnered with, etc. Many of these advisors comprised the most senior leadership of Deutsche Bank and oversaw a wide range of functions, from CEO and six other former Management Board Members, to Country Heads and Divisional Heads of M&A, Capital Markets, and Heads of Sales, Coverage, Industry Groups, Economists, Operations, etc.

    This unique Global Network of former colleagues and friends as our Senior Advisors allows KingsRock access to key decision makers nearly anywhere in the world, spanning companies, institutional investors, financial institutions, and the public sector. It also offers mutual benefits in deal making through origination, execution, and distribution, be it a cross-border M&A transaction or bespoke institutional capital raising deal.

    We are also pleased to Announce a successful close of our inaugural third-party capital raise for KingsRock Advisors LLC, to support our expansion and elevate our investment banking boutique, with further strategic growth planned. We thank all of our investors for their strong support.

    “We are excited to welcome our new Senior Advisory Board Members, our new Managing Directors, Associate and Analyst colleagues, and our Senior Advisors network to KingsRock as we continue to expand the global reach of our capital solutions business. Together with our inaugural capital raise to boost and increase the visibility of our platform, successfully concluded in Q2, we are truly thrilled with the progress our young firm is making to serve our clients and support our ambitious growth. In the near term, we will share more details about our expansion across our financial services offering,” said Håkan Wohlin, Founder & Managing Partner, and Louis Jaffe, Co-Founder & Managing Partner.

    KingsRock has already announced and closed several significant transactions in 2025. Angel Oak’s recently announced sale to Brookfield, where KingsRock Advisors served as the Exclusive Financial Advisor to Angel Oak, is indeed a landmark transaction. On April 1st, 2025, Brookfield Asset Management and Angel Oak to Entered into Strategic Partnership. KingsRock Securities LLC, a wholly owned subsidiary of KingsRock Advisors LLC, acted as Exclusive Financial Advisor to Angel Oak Companies.

    About KingsRock:

    KingsRock Advisors, LLC headquartered at 900 Third Avenue, New York, NY 10022, is an independent global advisory firm, with securities offered by KingsRock Securities LLC, a FINRA member firm and SIPC, as well as KingsRock Advisors UK Ltd and KingsRock Advisors Europe AB, both wholly owned subsidiaries of KingsRock Advisors LLC.

    Founded in 2020, KingsRock comprises a team of approximately 40 full time professionals who advise on a wide range of private capital markets transactions including debt, hybrid, equity and M&A covering structures from vanilla to highly structured. The team collectively has worked on thousands of transactions across various industry sectors worldwide. Clients include private equity and private credit firms, corporations, financial institutions, government-related entities, and institutional investors.

    KingsRock Advisors offers the experience and global reach of a large firm, combined with the structural agility and creativity of a boutique. An independent advisory firm with a global network that provides unconflicted strategic and financial advisory services, along with innovative capital solutions and special situations. The firms’ bankers excel in complex transactions and deliver swift results often where large banks and traditional sources of financing do not have the ability to engage. KingsRock advisors operates across all major industry sectors and is supported by a global network of 120 independent Senior Advisors across 50 countries, who bring decades of deal making experience.

    Disclaimer:

    Securities offered by KingsRock Securities LLC, a FINRA member firm and a member of SIPC., a wholly owned subsidiary of KingsRock Advisors LLC. • 900 Third Avenue, 10th Floor • New York, NY 10022.

    KingsRock Advisors UK Ltd is a private limited company registered in England and Wales with registration number 15240371. KingsRock Advisors UK Ltd (FRN 1006329) is an Appointed Representative under Bluegrove Capital Management Ltd (FRN: 960363), which is authorised and regulated by the Financial Conduct Authority.

    KingsRock Advisors Europe AB is incorporated in Sweden (EU), with registered office at Grev Turegatan 14, 114 46 Stockholm, Sweden, and is a tied agent of Svensk Värdepappersservice i Stockholm AB, a Swedish investment firm authorized and regulated by the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) under the Swedish Securities Market Act (Sw. lag (2007:528) om värdepappersmarknaden).

    This message is provided for information purposes and does not constitute an invitation, solicitation or offer to buy or sell any securities or investment. Neither KingsRock Securities, LLC nor its affiliates provide accounting, tax or legal advice; such matters should be discussed with your advisors and/or counsel.

    The MIL Network –

  • MIL-OSI Economics: IMCA delegation briefs European Parliament and European Commission on marine contractors’ vital role in securing critical offshore infrastructure

    Source: International Marine Contractors Association – IMCA

    Headline: IMCA delegation briefs European Parliament and European Commission on marine contractors’ vital role in securing critical offshore infrastructure



    IMCA delegation briefs European Parliament and European Commission













    A delegation of senior IMCA representatives briefed Members of the European Parliament (MEPs) and senior representatives from the European Commission at a lunchtime briefing on the marine contracting sector’s essential role in securing critical offshore infrastructure. 

    The event, hosted by Walter Beke MEP at the end of June, continued IMCA’s ongoing work to inform elected representatives and civil servants of the offshore contracting sector’s critical role as a strategic enabler of Europe’s energy and climate ambitions. 

    The interest among EU audiences was strong, with 13 MEPs in attendance from the European Parliament’s Security, Energy, and Transport Committees, and from the Seas, Rivers, Islands & Coastal Areas (SEArica) intergroup. They were joined by two senior officials from the European Commission, and two representatives from EU member states, testament to the growing importance of this topic. 

    Submarine communication cables carry 99% of inter-continental internet traffic, while submarine electricity cables are key to energy security, connecting electricity markets and bringing offshore renewable energy to shore.  

    However, Mr Beke welcomed guests to the briefing, held under the title ‘securing critical offshore and underwater infrastructures’, by outlining the growing threat to this marine infrastructure from malicious actors. 

    In his welcome address, IMCA President Luca Gentili, from the global contractor SAIPEM, outlined the essential role of Europe’s marine contractors in delivering a “safe, more sustainable energy mix”, and pledged that IMCA “through its technical work, and as an advisor to regulators and governments” stood ready to “contribute to the security of Europe”. 

    The meeting then heard two presentations, from IMCA CEO Iain Grainger on protecting undersea infrastructure, and from IMCA Director of Strategy and Energy Transition Lee Billingham, who outlined the findings of IMCA’s recent Economic Impact Assessment, authored by PA Consulting. 

    Brussels 2025

    They were supported with insight from IMCA Vice-President Hugo Bouvy from DEME Offshore, Michel Hendriks from IMCA Board member Heerema, Jack Wattel from IMCA Board member N-Sea, and by IMCA Head of Communications Patrick Clift. 

    Iain outlined the scale of Europe’s undersea infrastructure, which includes 1,200 active oil and gas facilities, 20,000km of oil and gas pipelines, and over 10,000km of cables. The EU’s target to generate 300GW of offshore renewable energy by 2050 could necessitate the construction of an additional 20,000 wind turbines, dramatically increasing the amount of infrastructure that could be targeted by saboteurs. 

    The owners of telecoms cables have mature strategies in place to manage repairs – including through cooperative agreements such as ACMA, a non-profit cooperative subsea maintenance agreement of nearly 60 members that has three repair vessels on permanent standby in North America, the Caribbean, the North Sea, and West Africa, and MECMA, a similar body covering the Mediterranean region.  

    However, power cables are much more challenging to repair at speed, Iain said, given the absence of such ‘repair clubs’, and the additional complexity of fixing them. 

    Iain highlighted that Europe’s offshore sector had 61 vessels capable of laying and repairing cables, more than any other country or region in the world. To enable the fleet to invest and play its part in protecting undersea infrastructure, he highlighted:  

    Presenting the results of IMCA’s Economic Impact Assessment, Lee Billingham outlined that the European marine contracting industry was a world leading, highly specialised fleet of vessels that are critical to meeting Europe’s clean energy ambitions. Using the example of Dogger Bank A in the North Sea, he illustrated that it required 49 individual vessels, each including specialised workers and equipment, to install a single 1.2GW wind farm. 

    Citing data from Clarksons, he said that Europe’s fleet comprises around 3,490 vessels, 26% of the 13,372 vessels in the global fleet, and twice the percentage of the next largest regional block, China, which has 13% of the total. 

    As well as enabling the development of all offshore energy infrastructure, including carbon capture and storage, he revealed that the European marine contracting sector is expected to provide over 490,000 skilled jobs and contribute over €80bn in economic value this year, including indirect effects, in the EU, Norway, and the UK, as well as €15bn in taxes. Its wider contribution includes driving investment in port infrastructure, supporting European energy security, and facilitating international data exchange. 

    IMCA finished the meeting by delivering a call for EU institutions to:  

    Offshore sector contribution

    Download our brochure to learn more

    We may use anonymised cookies for some functionality on this site. With your consent, we would also like to use tracking to improve our online offering. Find out more.

    Your cart has been updated

    Course type:

    Format:

    Location:

    Contact:

    Link copied to clipboard!

    MIL OSI Economics –

  • MIL-OSI Economics: IMCA delegation briefs European Parliament and European Commission on marine contractors’ vital role in securing critical offshore infrastructure

    Source: International Marine Contractors Association – IMCA

    Headline: IMCA delegation briefs European Parliament and European Commission on marine contractors’ vital role in securing critical offshore infrastructure



    IMCA delegation briefs European Parliament and European Commission













    A delegation of senior IMCA representatives briefed Members of the European Parliament (MEPs) and senior representatives from the European Commission at a lunchtime briefing on the marine contracting sector’s essential role in securing critical offshore infrastructure. 

    The event, hosted by Walter Beke MEP at the end of June, continued IMCA’s ongoing work to inform elected representatives and civil servants of the offshore contracting sector’s critical role as a strategic enabler of Europe’s energy and climate ambitions. 

    The interest among EU audiences was strong, with 13 MEPs in attendance from the European Parliament’s Security, Energy, and Transport Committees, and from the Seas, Rivers, Islands & Coastal Areas (SEArica) intergroup. They were joined by two senior officials from the European Commission, and two representatives from EU member states, testament to the growing importance of this topic. 

    Submarine communication cables carry 99% of inter-continental internet traffic, while submarine electricity cables are key to energy security, connecting electricity markets and bringing offshore renewable energy to shore.  

    However, Mr Beke welcomed guests to the briefing, held under the title ‘securing critical offshore and underwater infrastructures’, by outlining the growing threat to this marine infrastructure from malicious actors. 

    In his welcome address, IMCA President Luca Gentili, from the global contractor SAIPEM, outlined the essential role of Europe’s marine contractors in delivering a “safe, more sustainable energy mix”, and pledged that IMCA “through its technical work, and as an advisor to regulators and governments” stood ready to “contribute to the security of Europe”. 

    The meeting then heard two presentations, from IMCA CEO Iain Grainger on protecting undersea infrastructure, and from IMCA Director of Strategy and Energy Transition Lee Billingham, who outlined the findings of IMCA’s recent Economic Impact Assessment, authored by PA Consulting. 

    Brussels 2025

    They were supported with insight from IMCA Vice-President Hugo Bouvy from DEME Offshore, Michel Hendriks from IMCA Board member Heerema, Jack Wattel from IMCA Board member N-Sea, and by IMCA Head of Communications Patrick Clift. 

    Iain outlined the scale of Europe’s undersea infrastructure, which includes 1,200 active oil and gas facilities, 20,000km of oil and gas pipelines, and over 10,000km of cables. The EU’s target to generate 300GW of offshore renewable energy by 2050 could necessitate the construction of an additional 20,000 wind turbines, dramatically increasing the amount of infrastructure that could be targeted by saboteurs. 

    The owners of telecoms cables have mature strategies in place to manage repairs – including through cooperative agreements such as ACMA, a non-profit cooperative subsea maintenance agreement of nearly 60 members that has three repair vessels on permanent standby in North America, the Caribbean, the North Sea, and West Africa, and MECMA, a similar body covering the Mediterranean region.  

    However, power cables are much more challenging to repair at speed, Iain said, given the absence of such ‘repair clubs’, and the additional complexity of fixing them. 

    Iain highlighted that Europe’s offshore sector had 61 vessels capable of laying and repairing cables, more than any other country or region in the world. To enable the fleet to invest and play its part in protecting undersea infrastructure, he highlighted:  

    Presenting the results of IMCA’s Economic Impact Assessment, Lee Billingham outlined that the European marine contracting industry was a world leading, highly specialised fleet of vessels that are critical to meeting Europe’s clean energy ambitions. Using the example of Dogger Bank A in the North Sea, he illustrated that it required 49 individual vessels, each including specialised workers and equipment, to install a single 1.2GW wind farm. 

    Citing data from Clarksons, he said that Europe’s fleet comprises around 3,490 vessels, 26% of the 13,372 vessels in the global fleet, and twice the percentage of the next largest regional block, China, which has 13% of the total. 

    As well as enabling the development of all offshore energy infrastructure, including carbon capture and storage, he revealed that the European marine contracting sector is expected to provide over 490,000 skilled jobs and contribute over €80bn in economic value this year, including indirect effects, in the EU, Norway, and the UK, as well as €15bn in taxes. Its wider contribution includes driving investment in port infrastructure, supporting European energy security, and facilitating international data exchange. 

    IMCA finished the meeting by delivering a call for EU institutions to:  

    Offshore sector contribution

    Download our brochure to learn more

    We may use anonymised cookies for some functionality on this site. With your consent, we would also like to use tracking to improve our online offering. Find out more.

    Your cart has been updated

    Course type:

    Format:

    Location:

    Contact:

    Link copied to clipboard!

    MIL OSI Economics –