Archive for the ‘BVI Holding Companies’ Category

Luxoft entered into strategic partnership with Trend Micro Incorporated

Wednesday, April 10th, 2019

Trend Micro Incorporated, the global leader in cybersecurity solutions, announced a strategic partnership with Luxoft Holding, Inc., the global digital strategy and engineering company incorporated in the BVI. The companies will jointly introduce and deploy the Intrusion Detection System (IDS) and Intrusion Prevention System (IPS), a comprehensive cybersecurity solution aimed to detect, mitigate and respond to cyber-attacks on connected cars.

The upcoming IDPS solution developed specifically for cars, will be enhanced with machine learning techniques to identify anomalies in communication, behavior and the state of components. Key features of the solution are: securing vehicle-to-everything (V2X) communication, both physically and in remote mode; protecting cloud and mobility services, including over-the-air updates and asset management; establishing secure operation of car components; and providing sustainable cybersecurity protection level via continuous threat research and proactive control mechanisms.

Hutchison Ports signed Heads of Agreement with Malaysian company

Thursday, April 4th, 2019

Hutchison Port Holdings Limited, a private holding company registered in the British Virgin Islands and headquartered in Hong Kong, signed a Heads of Agreement with KA Petra Sdn Bhd, the company which a pioneer in the Ship-to-Ship transfer business in Malaysia. According to this agreement, the parties will become strategic partners to jointly develop the world’s largest Ship-to-Ship Transfer Hub in Malaysia – the flagship project of KA Petra.

According to the Heads of Agreement, the BVI holding takes 30% stake in KA Petra’s Ship-to-Ship Hub, while the Malaysian company will have 70% interest in the project. The construction of the Hub, which is to commence in the next 12 months and is estimated to cost US$150mln to US$180mln, will be funded both by internally integrated funds and debt financing.

During the signing ceremony Hutchison Ports was represented by Group Managing Director Mr. Eric Ip, and KA Petra was represented by its founder and Executive Chairman, Dato’ Shahrul Amirul. The ceremony was also formally witnessed by Prime Minister of Malaysia and Minister of Transport of Malaysia, with the presence of Minister of Economic Affairs and Minister of Domestic Trade and Consumer Affairs.

Mr. Eric Ip, Group Managing Director of Hutchison Ports said, “We are equally excited to be part of this significant project that will have such a positive impact on the marine sector in Malaysia, as well as in SE Asia. Given our global port network, we are confident of introducing the many benefits offered in this STS Hub to our global shipping lines customers. This would be one of our valued propositions as a strategic partner with KA Petra in undertaking the development of the world’s largest STS Hub in Malaysia.”

Hutchison Port opens the most advanced deep-sea container terminal in Thailand

Friday, February 1st, 2019

Hutchison Ports Thailand, which is a member of Hutchison Ports Holdings Limited, the world’s leading port network operator incorporated in the British Virgin Islands, announced official opening of Terminal D at Laem Chabang port in Thailand. The company is planning to invest US$600 million in the terminal which will be the most advanced deep-sea container terminal in Thailand, attracting some of the world’s largest container vessels. It is also one of the world’s first container terminals fully equipped with remote control technology, which provides additional safety, efficiency and productivity for shipping lines and other port users.

On full completion, terminal D will increase port’s container handling capacity by approximately 40%. An initial phase of terminal D is now officially open for operations.

At Terminal D opening ceremony at Laem Chabang, Managing Director of Thailand & South East Asia of Hutchison Ports said: “Terminal D is now becoming a reality and is already receiving some of the world’s largest container vessels. It is a world-class facility and provides a significant boost to Hutchison Ports Thailand’s operational efficiency and productivity. The investments that have been made clearly demonstrate that Hutchison Ports continues to be a serious long-term investor in Thailand’s infrastructure.”

Luxoft Holding launches new platform together with Vantage Power

Friday, September 21st, 2018

Luxoft Holding, Inc., global IT service provider having its registered office in the British Virgin Islands, and Vantage Power who designs and manufactures technologies for connection of powertrains in heavy-duty vehicles, launch VPVision, a next-generation fleet performance and diagnostics platform designed to improve performance and reliability of hybrid and electric heavy-duty vehicles.

The VPVision platform is already successfully tested on hybrid London buses, using Amazon Web Sevices (AWS) to help reduce vehicle emissions. It combines in-depth technical knowledge of hybrid and electric powertrain components, including lithium-ion batteries, with cloud based telemetry software. By using AWS Luxoft designed software set that includes remote fault diagnostics, performance optimization, prognostics, geo-fencing and over-the-air software updates.