KDB Pejuang (P-03) / KRI Badau (841) is the second ship of Waspada class built up in the late 1970s, one of three ordered in Singapore . She was launched on 1978, and was in service with the Royal Brunei Navy until 2011, when she was sold to the Indonesian Navy .She is currently active in Indonesia service as KRI Badau .
29-453: KDB Pejuang was ordered in 1976. She was laid down by Vosper Thornycroft in Singapore and launched on 15 March 1978. She was commissioned on 25 June 1979. KDB Pejuang is a small missile boat, orientated to be a patrol boat . The overall length of this boat is 36.9 m, the width – 7.2 m and the draft – 1.8 m. The displacement tonnage is 150 or 206 tones (depending on the source). The ship
58-409: A different political party or faction is in power. A re-nationalization process may also be called "reverse privatization". Nationalization has been used to refer to either direct state-ownership and management of an enterprise or to a government acquiring a large controlling share of a publicly listed corporation . According to research by Paasha Mahdavi, leaders who consider nationalization face
87-482: A dilemma: "nationalize and reap immediate gains while risking future prosperity, or maintain private operations, thereby passing on revenue windfalls but securing long-term fiscal streams." He argues that leaders "nationalize extractive resources to extend the duration of their power" by using "this increased capital to secure political support." Nationalization can have positive and negative effects. In 2019 research based on studies from Greenwich University found that
116-426: A government to take property in certain situations. Due to political risks that are involved when countries engage in international business, it is important to understand the expropriation risks and laws within each of the countries in which business is conducted in order to understand the risks as an investor in that country. Studies have found that nationalization follows a cyclical trend. Nationalization rose in
145-467: A mast height of approximately 87 metres. From 2002, the overall business was known as VT Group plc. From its formation in 1966, the company was based at the former Thornycroft shipbuilding yard at Woolston in Southampton , Hampshire but in 2003 relocated its shipbuilding operations to new facilities in the famous HMNB Portsmouth Naval Dockyard under the name VT Shipbuilding. In 2008, VT Shipbuilding
174-537: A strategy to build socialism, more commonly nationalization was also undertaken and used to protect and develop industries perceived as being vital to a nation's competitiveness (such as aerospace and shipbuilding), or to protect jobs in certain industries. Nationalization has had varying levels of support throughout history. After the Second World War , nationalization was supported by social democratic and democratic socialist parties throughout Western Europe, such as
203-730: Is 650 RPM. She is also equipped with two single M2 Browning and two launchers of anti-ship missiles MM38 Exocet . His Royal Highness Prince General Haji Al-Muhtadee Billah went aboard KDB Pejuang to see a presentation and tour around the operations room by the Fleet Commander in 2008. A major repair work was done before her decommissioning and sent to Indonesian service on 15 April 2011. KRI Badau , along with KRI Salawaku were transferred to Indonesian Navy on 15 April 2011. They departed Bandar Seri Begawan and headed for Jakarta , with resupply stop in Pontianak on 18 April. During
232-466: Is powered by two compression-ignition engines MTU 20V538 TB91 (9000 hp). Maximum quantity of the fuel she can take is 16 tones, consequently she can sail for 1,200 nautical miles at a speed of 14 knots. She is armed with one twin mount for the Oerlikon 30-calibre GCM-B01 guns. The angle of this gun barrel is 85°, the weight of the projectile is 1 kg, the range is of 10 000 m and the rate of fire
261-614: Is the process of transforming privately owned assets into public assets by bringing them under the public ownership of a national government or state . Nationalization contrasts with privatization and with demutualization . When previously nationalized assets are privatized and subsequently returned to public ownership at a later stage, they are said to have undergone renationalization . Industries often subject to nationalization include telecommunications , electric power , fossil fuels , railways , airlines , iron ore , media , postal services , banks , and water (sometimes called
290-401: Is the seizure of private property by a public agency for a purpose deemed to be in the public interest. It may also be used as a penalty for criminal proceedings. Expropriation differs from eminent domain in that the property owner is not compensated for the seized property. Unlike eminent domain, expropriation may also refer to the taking of private property by a private entity authorized by
319-566: The Jordan Company . In September 2023, VTG received a new majority investment from A&M Capital Partners . VT Group rebranded as VTG in 2020. VTG is composed of 10 subsidiaries focused on maritime, aviation, information systems and technology, manufacturing and fabrication, digital transformation, and national security with more than 1500 employees. Nationalised Nationalization ( nationalisation in British English )
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#1732852341295348-451: The commanding heights of the economy ), and in many jurisdictions such entities have no history of private ownership. Nationalization may occur with or without financial compensation to the former owners . Nationalization is distinguished from property redistribution in that the government retains control of nationalized property . Some nationalizations take place when a government seizes property acquired illegally. For example, in 1945
377-633: The 1960s and 1970s, followed by an increase in privatization in the 80s and 90s, followed again by an increase in nationalization in the 2000s and 2010s. The term appears as "expropriation of expropriators ( ruling classes )" in Marxist theory , and also as the slogan "Loot the looters!" ("грабь награбленное"), which was very popular during the Russian October Revolution . The term is also used to describe nationalization campaigns by communist states , such as dekulakization and collectivization in
406-528: The British Labour Party . In the United States, potentially nationalizing healthcare is often a topic of political disagreement and makes frequent appearances in debates between political candidates. A 2020 poll shows that a majority (63%) of Americans support a nationalized healthcare system. A re-nationalization occurs when state-owned assets are privatized and later nationalized again, often when
435-719: The Company became listed on the London Stock Exchange as Vosper Thornycroft . Vosper Ltd built small boats and J I Thornycroft had a long history of building destroyers and similar sized craft. The company was nationalised by the Labour Government in 1977, becoming a division of British Shipbuilders . It became a commercial company again after a management buyout in 1985. Vosper Thornycroft flourished even during lean times for warship building, mainly through successful sales efforts in exports and diversification outside
464-453: The French government seized the car-maker Renault because its owners had collaborated with the 1940–1944 Nazi occupiers of France . In September 2021, Berliners voted to expropriate over 240,000 housing units , many of which were being held unoccupied as investment property. Economists distinguish between nationalization and socialization , which refers to the process of restructuring
493-510: The USSR . However, nationalization is not a specifically socialist strategy, and Marxism's founders were skeptical of its value. As Engels put it: Therein precisely lies the rub; for, so long as the propertied classes remain at the helm, nationalisation never abolishes exploitation but merely changes its form — in the French, American or Swiss republics no less than in monarchist Central, and despotic Eastern, Europe. Nikolai Bukharin also criticised
522-456: The border with Philippines after a report of a hijacking of two Indonesian ships, supposedly by Abu Sayyaf group. In 2017, the commander of KRI Badau was handed over to Sea Major (P) Pulung Nugroho. Vosper Thornycroft VTG (formerly VT Group ) is a privately held United States defense and services company, with its origins in a former British shipbuilding group, previously known as Vosper Thornycroft . The British part of VTG
551-585: The core shipbuilding business into training and support. In 1998, Vosper Thornycroft acquired the specialist military boatbuilder Halmatic, based in Portchester . In 2001, in their most ambitious diversification project, VT started work on the US$ 55million superyacht Mirabella V for former Avis Car Hire boss Joe Vittoria. At the time of its completion in 2004, Mirabella V was the world's largest single-masted sailing vessel with an overall length of 75 metres and
580-408: The economic framework, organizational structure, and institutions of an economy on a socialist basis. By contrast, nationalization does not necessarily imply social ownership and the restructuring of the economic system . Historically, states have carried out nationalizations for various different purposes under a wide variety of different political systems and economic systems . Nationalization
609-509: The journey they were escorted by KRI Kala Hitam (828). They were assigned with fast attack craft pennant number of 643 and 642 respectively. Later their numbers were changed to that of patrol vessel with 842 for Salawaku and 841 for Badau as their Exocet missiles were landed. Initially they were assigned to Western Fleet Command based at Jakarta , later they were moved to Eastern Fleet Command at Surabaya . In April 2016, together with KRI Slamet Riyadi (352) , Badau were deployed to
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#1732852341295638-732: The motivations of the nationalizing party. Nationalization was employed towards the Panama Canal by the Panamanian Government, which came under the Panama Canal Authority in 1999, to internationally positive effect. Likewise, the Suez Canal was nationalized multiple times throughout history. In Germany, the Federal Press [ Bundesdruckerei ] was nationalized in 2008 with positive revenue and net income since. Expropriation
667-491: The nationalization of key services such as water, bus, railways and broadband in the United Kingdom could save £13bn every year. Nationalization may produce other effects, such as reducing competition in the marketplace, which in turn reduces incentives to innovation and maintains high prices. In the short run, nationalization can provide a larger revenue stream for government but may cause that industry to falter depending on
696-497: The nuclear industry in the UK and abroad. The business was renamed VT Nuclear Services. On 28 January 2009 VT Group announced its intention to sell its share of BVT Surface Fleet to BAE Systems. VT Group's put option valued its share at a minimum of £380 million subject to conditions, however VT Group was expected to make a cash injection into the business to offset difficulties with contracts with Trinidad and Tobago and Oman. Following
725-484: The sale of VT Group's 45% share, BVT Surface Fleet was renamed BAE Systems Surface Ships to reflect the total ownership. In 2010, the British defence and construction company Babcock International purchased VT Group for £1.32bn. Babcock integrated the UK portion of VT Group into its own business. In 2012, Babcock sold VT Group, which was by then US-based, to the private investment fund Resolute Fund II LP, linked to
754-713: The shipbuilding industry in October 2009, after selling its 45% share of the Shipbuilding Joint Venture company BVT Surface Fleet to BAE Systems . Formerly listed on the London Stock Exchange and a constituent of the FTSE 250 Index , the remainder of the firm was acquired by Babcock International Group in July 2010. The company was formed by the merger of two shipbuilding companies Vosper Limited of Portsmouth and J I Thornycroft of Woolston , Southampton in 1966, at which time
783-616: Was integrated into Babcock International in the early 2010s. In July 2012, The Resolute Fund II, LP, an affiliate of The Jordan Company acquired VTG. In September 2023, VTG received a new majority investment from A&M Capital Partners. VT Group plc was a British defence and services company, formerly known as Vosper Thornycroft. The company had diversified from shipbuilding into various engineering and support services, becoming involved in many areas of provision through five main operating groups: VT Communications , VT Education and Skills, VT Services Inc and VT Support Services. VT Group exited
812-492: Was merged with BAE Systems ' Glasgow -based Surface Fleet Solutions subsidiary to form BVT Surface Fleet . The VT Halmatic boatyard site in Portchester was also sold off to Trafalgar Wharf , with Halmatic also moving into Portsmouth Naval Base. In 2008, VT Group acquired BNG Project Services from the government-owned British Nuclear Fuels for £75m. As the provider of nuclear decommissioning and waste treatment engineering services, Project Services gave VT Group access to
841-436: Was one of the major mechanisms advocated by reformist socialists and social democrats for gradually transitioning to socialism. In this context, the goals of nationalization were to dispossess large capitalists, redirect the profits of industry to the public purse, and establish some form of workers' self-management as a precursor to the establishment of a socialist economic system. Although sometimes undertaken as part of
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