The US has been quick to adopt LNG as an alternative to coal and oil in electricity generation — and will to continue to expand its liquefaction facilities The US will boost its capacity for liquefying natural gas over the next five years The US is expected to contribute to almost three quarters of new-build liquefied natural gas (LNG) liquefaction capacity growth worldwide by 2023.According to research by business intelligence firm GlobalData, both planned and announced liquefaction capacity projects by firms operating in the country will far outpace that in other regions over the five year period, accounting for 73% of new global capacity.The process of liquefying natural gas makes storage and transport of the fuel – an increasingly popular substitute for coal in power generation – both easier and safer.GlobalData oil and gas analyst Adithya Rekha, said: “The US is expected to add capacity of 156.9 million tonnes per annum (mtpa) from 17 new-build LNG liquefaction terminals by 2023.“Of these, the Rio Grande terminal will have the highest capacity of 17.6 mtpa. The terminal is expected to start operations in 2023.” The US has been quick to adopt LNG liquefaction techniquesThe US has been a leading adopter of LNG resources, due largely to historically low natural gas prices resulting from advances in hydraulic fracturing and horizontal drilling, which have incentivised electricity generators to switch from coal to gas.It is also a big exporter of the fuel, with South Korea, Mexico and Japan the top destinations for the 156.7 billion cubic feet (bcf) of LNG sold abroad in July 2019.LNG is also often used to supplement more intermittent renewable power sources such as wind and solar, due to its comparatively low cost, lower CO2 emissions and the ease with which it can be brought on and offline when required.While the US will dominate new LNG liquefaction capacity in the years to come, Russia will also continue to build out its capacity, with an expected 18.7 mtpa by 2023.The Arctic-2 and Baltic projects are the biggest ongoing ventures in Russia, and are expected to receive capacity additions of 6.6 mtpa and 6.5 mtpa respectively over the period.The Bear Head LNG liquefaction terminal in Canada is expected to propel the North American country to third spot in terms of global new-build LNG liquefaction capacity additions by 2023, which are anticipated to grow by 14.6 mtpa by the end of the five-year period.
Blackstone and other investors have signed a deal to acquire the remaining 56% stake in Tallgrass Energy US midstream company Tallgrass Energy (TGE) has accepted a sweetened takeover offer of $22.45 per share from Blackstone Infrastructure Partners and other investors.In this connection, the Kansas-based pipeline operator has signed a definitive merger agreement with affiliates of Blackstone and affiliates of Spanish energy company Enagas, Singaporean sovereign wealth fund GIC, South Korean public pension fund NPS, and British pension fund Universities Superannuation Scheme (USS).Under the agreement the Blackstone-led group will acquire the remaining stake of about 56% in the US midstream company.The latest all cash-deal values Tallgrass Energy at nearly $6.3bn, reported Reuters.Enagas revealed its part of the investment in the US pipeline company to be $836m.Established in 2012, Tallgrass Energy is focused on transportation of crude oil and natural gas from the Rocky Mountains, Appalachian, and Upper Midwest regions in the US. The midstream energy infrastructure firm operates more than 13,357km of natural gas pipeline, more than 1,287km of crude pipeline, along with water pipeline of more than 482km.Background of the takeover offer to Tallgrass EnergyThe earlier offer from Blackstone and other investors to the midstream company was $19.5 per share, which was made in August 2019. Following the “take private” proposal, the pipeline company formed a conflicts committee to evaluate the proposal.Subsequently, the offer was sweetened by the investors to $22.45 per share.Prior to the “take private” proposal, the Blackstone-led group had signed a deal earlier this year to acquire a stake of around 44% in the pipeline company for about $3.3bn. The transaction was closed last month.The midstream company stated: “The Conflicts Committee of the Board of Directors of Tallgrass Energy GP, LLC, TGE’s General Partner (“TGE GP”), after consultation with its independent legal and financial advisors, unanimously approved the transaction and determined it to be in the best interests of TGE and its public shareholders.”The Blackstone-led investor group is expected to finance the acquisition with nearly $3bn of equity, and the remaining amount through debt.Subject to shareholders’ approval and satisfaction of customary conditions, the transaction is likely to be closed in the second quarter of 2020.
Emoov and its founder Russell Quirk have launched an extraordinary broadside against OnTheMarket.com during which Quirk suggests it is showing “signs of terminal decline” and calls for it to drop its two-portal rule.eMoov says it has looked at data from web monitoring service Hitwise that reveals how traffic to OnTheMarket.com declined during February both year-on-year and month-on-month.Visits to the website in February were down 38% versus January, although it’s part of a seasonal trend; ZPG and Rightmove’s traffic figures were also down, by 2% each. Web traffic tends to surge during January after the festive break and then drop back down again in February.eMoov also says OnTheMarket is “haemorrhaging” branches in recent weeks and that, based on its own research among the portal’s listings, they declined by “almost 200” over the past three weeks and “looks set to fall below levels seen this time last year”,” it says.“This data highlights that two years on and despite tens of millions of pounds of investment, OnTheMarket’s audience remains a small fraction of the main portals and appears to be declining as users are clearly not engaged with the brand or proposition,” says Russell Quirk (pictured, left)OnTheMarket says it is not the first time that Russell Quirk has predicted that its business is about to fail, and points out that in July 2015, six months after its launch, he said it would “fizzle out” before its first birthday.“But the reality is that in January 2017, OnTheMarket celebrated its second anniversary already established as a major portal with a record 11.2 million visits,” a spokesman told The Negotiator.“While Mr Quirk is entitled to his opinion, the thousands of estate and letting agents who choose to list their properties at OnTheMarket.com are equally entitled to theirs. The overwhelming majority of our members remain strongly supportive of OnTheMarket.com and understand better than anyone their long-term objectives to regain control of their data and costs.“This has never been more important than now after Rightmove’s management last week sketched-out the sustainability of growth to £2,500 ARPA longer-term’ and ZPG’s acquisitions of Expert Agent and Hometrack.“We remain as determined as ever to build the best portal for consumers and agents alike.”OnTheMarket.com Russell Quirk Emoov March 3, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » OnTheMarket.com is losing traffic and branches, claims online agent previous nextProducts & ServicesOnTheMarket.com is losing traffic and branches, claims online agentBut OTM says it is enjoying record traffic and that a majority of member agents support it as Rightmove and ZPG grow in influence and cost.Nigel Lewis3rd March 201701,523 Views
The number of landlords setting up limited companies to run their businesses through has increased dramatically as the April 6th tax relief deadline looms, it has been claimed.Lender Mortgages for Business says the number of landlords applying for loans through limited companies has increased from 21% of all applications in 2015 to 77% of today, an almost four-fold increase.Purchases and transfersMortgage for Business says the increase is made up of both landlords purchasing properties through newly set-up limited companies, and those transferring existing personally-owned properties to limited companies.The government is gradually reducing the finance cost relief that landlords personally receive on their mortgage interest payments each year between now and 2021, when the relief will end.Limited company mortgages are also quickly starting to eat up more of the overall buy-to-let market, increasing from 18% two years ago to 47% today, and the number of buy to let mortgages available has increased too, by more than a third.“With the changing face of the buy to let mortgage market, it is no surprise that lenders are keen to appeal to limited company borrowers,” says David Whittaker, CEO of Mortgages for Business (pictured, left).“We have been recommending for some time that our clients seek professional tax advice to determine whether incorporation is the most suitable route for their circumstances, and these figures can only further encourage landlords to consider their position.”But setting up a limited company is not the only strategy open to landlords. John Eastgate of OneSavings Bank (pictured, right), says many of his landlord clients have also been transferring ownership of properties to “a spouse or other or partner in a lower tax bracket”.“Worryingly, one in six landlords do not understand the financial implications of the changes and will be in for a nasty shock when they find that they can no longer deduct all finance costs from rental income at the end of the 2017/18 tax year.”John Eastgate Mortgage for Business OneSavings Bank David Whittaker April 5, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Number of landlords setting up limited companies rises nearly four-fold previous nextProducts & ServicesNumber of landlords setting up limited companies rises nearly four-foldMortgage brokers says tax relief reduction is driving landlords to seek new ways to avoid paying extra tax.Nigel Lewis5th April 20170978 Views
Home » News » Agencies & People » Stunning sea view suits Swiss bidder previous nextAgencies & PeopleStunning sea view suits Swiss bidderThe Negotiator8th June 20180270 Views A property which had been in the same family ownership for over 50 years has sold at Network Auctions’ April sale for £225,000 to a bidder who flew over from Switzerland specifically to bid on the lot.The three-bedroom non-standard construction property in a plot of approx. 0.42 acres located in Teignmouth, Devon attracted considerable pre-auction interest due to its superb sea views towards Lyme Bay. Guided at £175,000-£200,000 it created a hot bidding war between locals, Londoners and the eventual successful Swiss buyer, achieving £50,000 above its lower estimate.This property has coastal views to die for, people pay bonkers prices – multi million pound prices for these views!”Richard Worrall at Network Auctions, said, “This is a magnificent opportunity. The photos don’t even do the view justice; it has coastal views to die for. Just a few minutes around the corner people pay bonkers prices – multimillion pound prices – for these views. This bidder has snapped up an unbelievable opportunity for a fraction of the price to create the most stunning home with the most stunning views.“Bidders were attracted to this lot from all over the country and this successful sale reinforces our belief that expert local marketing combine with auctions on the London stage in the best way to achieve top prices.”Network Auction auction coastal property Swiss bidder June 8, 2018The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021
An historic and radical set of leasehold reforms has been proposed by the Law Commission, the official body that advises government on legal reform in England and Wales including proposals to dramatically reduce the costs of freehold acquisition.This focusses on ideas to help leaseholders buy their freehold more easily, part of a wider attempt by the Ministry of Housing, Communities and Local Government to reform leaseholds, including a recent decision to ban the sale of leasehold houses.The Law Commission’s proposals followed a demonstration outside parliament (pictured, above) on Wednesday calling for the government to end the ‘leasehold scandal’. It was attended by several MPs including leasehold campaigner Peter Bottomley and shadow housing minister John Healey.The key elements of the Law Commission’s proposals include clearing away many of the legal and contractual complications that leaseholders face when attempting to buy a freehold; making it easier for lessees to collectively buy a freehold; and for leaseholders to more easily extend their terms.“Enfranchisement offers a route out of leasehold but the law is failing home owners: it’s complex and expensive, and leads to unnecessary conflict, costs and delay,” says Professor Nick Hopkins (pictured) of the Law Commission.But most controversially, it has also suggested that the cost of freehold acquisition should be dramatically reduced for leaseholders.Leasehold reformThe commission suggests several ways this could be included by varying the different ways the cost of ‘enfranchisement’ are calculated, the most radical of which would see the sums paid by leaseholders drop from tens of thousand to just a few by using a ground rent multiplier method.These measure are all ideas at the moment – the Law Commission will now conduct a consultation before then putting forward its final legislative proposals to government next year. July 20, 2018Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Radical leasehold reform programme recommended by Law Commission previous nextRegulation & LawRadical leasehold reform programme recommended by Law CommissionLeaseholders will find it easier, quicker and MUCH cheaper to acquire their property’s freehold if recommendations from the Law Commission become law.Nigel Lewis20th July 201801,916 Views
When most of the property industry was escaping for the Christmas break, Parliament passed new legislation to bring the fifth European Money Laundering Directive into law.This means that from this morning onwards, agents must comply with the upgraded Anti Money Laundering (AML) legislation, which was introduced by amending the Money Laundering Regulations 2017 and the Proceeds of Crime Act 2002.These have changed AML in two key ways. Agents renting out residential or commercial properties for more than €10,000 or (currently) £8,500 a month are brought into its scope for the first time.Letting agents will need to ensure that due diligence has been carried out on the landlord, tenant, guarantor or authorised occupier.Also, agents must now confirm not only the identity of their client, ensuring they are not a politically exposed person, but also their client’s ownership of the property.The new AML laws also covers rental deposits which Jerry Walters (left), Managing Director of AML compliance consultancy Financial Crime Services says agents must use robust due diligence checks to “establish the authenticity of deposits, prior to accepting them”, he says.“In addition, the new directive states that lettings agents must have comprehensive AML written policies and procedures in place, that they agree to undertake a firm-wide Risk Assessment and ensure that all staff have recognised AML training.”David Cox, Chief Executive of ARLA Propertymark, says: “Despite the HMRC’s online register not being operational until May 2020, letting agents will need to comply with the regulations from 10th January 2020 and if they’re found to be non-compliant with the regulation’s agents may face civil penalties or criminal prosecution.“However, irrespective of whether agents fall under the definition of regulated businesses with HMRC for AML supervision, Propertymark recommends it’s best practice for all letting agents to carry out Customer Due Diligence (CDD) on all their customers.”Electronic verification Another change ushered in by the new AML regulations is that HMRC now officially sanctions estate agents using electronic identity verification methods in addition to traditional document eye-balling. “The Government – and the EU – are right to want to see more use of electronic verification. It’s been shown to be more reliable, quicker and more cost effective than manual checks,” says Martin Cheek, Managing Director of AML specialist SmartSearch.Read more about AML.Anti Money Laundering directive Jerry Walters AML compliance January 10, 2020Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Are you ready? New Anti Money Laundering rules go live TODAY! previous nextRegulation & LawAre you ready? New Anti Money Laundering rules go live TODAY!Extra AML responsibilities for letting agencies become law today after being passed by Parliament just before Xmas.Nigel Lewis10th January 202004,284 Views
Estate agents should be forced to tell customers about third party referral fees or face expulsion from the industry, a Trading Standards report into the issue has recommended to Ministers.The shocking recommendations follow a long investigation into referral fees by the National Trading Standards Estate and Letting Agency Team (NTSELAT), prior to which it had warned agents that they were in the ‘last chance saloon’. Its report has been with MHCLG, who commissioned the report, since February.This recommends making referral fees transparency mandatory rather than advisory.“It is unacceptable that unscrupulous practices are still taking place where consumers are not being made aware of referral fees when buying or selling a property,” says housing minister Christopher Pincher (left).The report also recommends that agents who flout existing rules contained within the Consumer Protection from Unfair Trading Regulations 2008 should face being banned from the industry.“At this stage we will be working with industry and professional bodies to develop guidance for agents to comply with the need to disclose referral fees,” a NTSELAT spokesperson told The Negotitaor.“At the current time this will be based on the provisions of the Consumer Protection from Unfair Trading Regulations 2008 which make it an offence for a trader to omit material information.“Referral fees are considered to be material information when marketing property as the absence of such information is likely to affect a consumer’s transactional decision.”It it now up to MHCLG to decide whether to bring in additional legislation.Regularly concealedNTSELAT found that referring customers to a preferred service provider in exchange for a fee is ‘regularly concealed’ and that many customers are unaware of this arrangement when buying or selling a home.“In some situations, customers may be pressurised to use a referred provider despite the fact it does not meet the needs of the customer or provide best value,” the reports says.The key recommendations are:Make transparency of referral fees mandatory.Require a warning to be given to customers that they should consider shopping around.A public awareness campaign to warn consumers about hidden referral fees.Further industry guidance, and work with the professional bodies and redress schemes to encourage compliance in the property sector.“We recognise that referral fees have a place in business if used ethically and transparently and with no pressure to use the referred service,” says James Munro, Senior Manager at NTSELAT (left).“It is important that customers are fully aware of the basis and value of a referral or recommendation so they are able to take an informed transactional decision.”Sean Hooker (left), Head of Redress at the Property Redress Scheme, says: “I was on the working group with the MHCLG and NTSELAT along with TPO, Propertymark, RICS and the Guild that helped draw up guidance for agents as part of a voluntary trial of disclosure and transparency.“Whilst the guidance was followed by many businesses, the NTSELAT report shows that more is needed to be done and whilst they have fallen short of recommending a full ban, the introduction of mandatory disclosure is required. This is the correct and proportionate response to protect the consumer and reduce the complaints against agents.”Mark Hayward (left), Chief Executive of NAEA Propertymark: “New legislation which will require agents to display referral fees is a step forward, providing clarity to agents that they mustn’t fall foul of the law but importantly ensuring greater transparency for consumers to avoid any confusion about what agents are charging for.“This is something we’ve been working closely with government and the NTSELAT on, and given that agents were facing a complete ban of referral fees, we would strongly advise that anyone who isn’t currently displaying their fees should start now, regardless of when the new laws will come into force. ”Read the full report.christopher pincher NTSEAT James Munro referral fees National Trading Standards Estate & Letting Agency Team (NTSELA). referral fees guidance October 2, 2020Nigel Lewis2 commentsDavid Jabbari | Solicitor | Founder and CEO of Muve | [email protected] |, Muve Muve 3rd October 2020 at 9:08 amLike the Regulation of Property Agents (RoPA) initiative, referral fees is an area where agents should look to their law firms for free advice and assistance on all aspects of compliance. A good conveyancing law firm is not there just to be sent referrals: they also have an obligation to assist in the drafting of all the required compliance material.Log in to ReplyAndrew Stanton, CEO Proptech-PR Real Estate Influencer & Journalist CEO Proptech-PR Real Estate Influencer & Journalist 2nd October 2020 at 7:59 amOur friends in Powys, the National Trading Standards Estate Agency Team have in fairness always been very efficient when I have had dealings with them, but they are a tiny team, a bit like a lone marshall looking after the wild west in the 1830’s. And on the flip side, my view is that agents are transparent regarding these matters, and the public is a lot savvier than many give them credit for.Over 30-years plus of agency I never saw an example of agents taking advantage of clients, I am sure there were cases of omissions regarding financial arrangements regarding services provided, but as an oversight rather than a master plan to fleece the gullible public. Commerce is complicated, if you transact property this involves services, these have a cost, whoever is used a revenue and a profit is generated.Log in to ReplyWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Estate agents face mandatory referral fee transparency rules following shock report previous nextRegulation & LawEstate agents face mandatory referral fee transparency rules following shock reportTrading Standards has concluded its investigation into referral fees and recommended agents are forced to comply or face expulsion.Nigel Lewis2nd October 20202 Comments3,595 Views
Estate agency giant LSL says Covid and its huge restructuring programme at Your Move and Reeds Rains have combined to batter its revenues this year.The multi-agency group, which owns 12 brands in total, has seen revenues dip this year by 18% to £214.3 million.Nevertheless, the group has benefitted from the post-lockdown boom, and has reported its largest sales pipeline for a decade.LSL now has sales worth £24 million going through the conveyancing process, a 60% increase on the same time last year.This is the highest level in over ten years in Your Move and Reeds Rains branches, the highest since LSL has owned the nine LSLi brands and the highest in over four years within Marsh & Parsons.Significant pressureBut LSL says this is putting ‘significant pressure’ in parts of the housing chain, although purchasers’ keenness to complete before the stamp duty deadline means there is ‘no evidence of an increase in residential fall-through trends, although the elongation in the time taken to complete may put pressure on this across the market generally’.The comments are within LSL’s latest trading update, which reveals strong performances by its surveying and mortgage brokerage arms.“We look forward to reporting on our full year results in the early part of 2021, when we will also set out details of the progress we have made on implementing our strategy,” says David Stewart, Group Chief Executive Officer.“I would like once again to place on record my thanks to all our staff for their tremendous support they have given LSL this year.”Marsh & Parsons LSLI Reeds Rains Your Move December 11, 2020Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Agencies & People » Branch closures and Covid hit LSL revenues despite market recovery previous nextAgencies & PeopleBranch closures and Covid hit LSL revenues despite market recoveryGroup says its cull of branches earlier this year and the pandemic saw revenues down by 18%.Nigel Lewis11th December 202001,318 Views
View post tag: News by topic Training & Education France: Thales Sonars Pass Qualification Sea Trials for FREMM Frigate Programme View post tag: sea View post tag: trials View post tag: Qualification View post tag: Pass View post tag: Sonars October 26, 2012 View post tag: Navy View post tag: Thales View post tag: programme View post tag: Frigate The official qualification trials of the sonars for the FREMM frigate programme took place over a six-week period in June and July 2012 on the FREMM frigate Aquitaine in the Bay of Biscay. The successful trials are the culmination of nine months of testing with the UMS 4110 CL bow-mounted sonar and CAPTAS 4249 towed-array sonar, which have now achieved Level 1 at-sea qualification.The qualification trials covered the active, passive and obstacle-avoidance functions of the sonars and were conducted for DCNS, the European armaments procurement agency OCCAR, the French Defence Procurement Agency (DGA, Direction générale de l’armement) and the French Navy.The Thales sonars demonstrated unparalleled levels of performance, including very long-range anti-submarine detection and simultaneous anti-torpedo defence capabilities.The CAPTAS 4249 sonar is based on very low-frequency passive and active arrays to provide operators with an exceptional reach on silent targets. It is equipped with a quick deployment system for lowering it into the water. Its long-range detection capability will allow FREMM frigates to maintain a tactical advantage over submarines. Thales has more than 20 years’ experience in this field and is the world leader in very low-frequency variable-depth sonars. CAPTAS is the only active low-frequency variable-depth sonar in service with NATO forces and other leading navies around the world.The UMS 4110 CL is a long-range sonar for offensive anti-submarine operations and frigate self-defence. This hull-mounted sonar is designed for multi-mode operation and can operate simultaneously in active surveillance mode for anti-submarine warfare and obstacle avoidance, as well as in passive mode for listening only or for tracking torpedoes. This system incorporates the very latest underwater acoustic technologies, giving FREMM frigates cutting-edge detection capabilities to counter a broad range of threat profiles in all environments.“We are extremely satisfied with the results of these qualification trials,” said Benoit Plantier, CEO of Thales Underwater Systems. “The Thales sonars met all expectations in terms of their performance and are now fully qualified in line with the programme delivery schedules. This success further demonstrates the remarkable capabilities of our systems as well as our ability to satisfy our customers.”FREMM frigates are built under DCNS prime contractorship. They are among the most technologically advanced and competitively priced vessels on the world market. These heavily armed warships carry state-of-the-art weapons and systems including the Herakles multifunction radar, Aster anti-air missiles, Exocet MM40 anti-ship missiles and MU90 torpedoes.Thales is a global leader in underwater acoustics. With their unparalleled detection range, these latest-generation sonars give the FREMM frigates a critical anti-submarine warfare capability and a significant advantage in today’s increasingly diverse threat environment.[mappress]Naval Today Staff,October 26, 2012; Image: Thales View post tag: FREMM View post tag: Naval Back to overview,Home naval-today France: Thales Sonars Pass Qualification Sea Trials for FREMM Frigate Programme Share this article