Iain Torrens has been appointed vice president, treasurer for CP Ships. He is based at the company's management headquarters in London and reports to CFO Ian Webber. In his new role Torrens will be responsible for group treasury and taxation activities. Graham Lambert continues with his treasury responsibilities reporting to Iain Torrens. Torrens was previously Deputy Group Treasurer for Cookson Group plc, the U.K. international materials technology company.
Lowrance Electronics Inc. of Tulsa, Okla., will be merged into California-based Magellan Corp., a leading satellite access products company, as a result of a merger agreement among those companies and Magellan's parent company Orbital Sciences Corp. The transaction will create a nearly $150 million, satellite-based, consumer and recreational electronics business under the Magellan banner, according to David W. Thompson, Magellan chairman and Orbital president and CEO.
By NEIL DOWNING James Rall, of Hydroacustics Inc., of New York, explains uses for the Proteus ROV roaming ocean vehicle, used for exploration with cameras and lights. The ROV is controlled by a joystick. The Providence Journal / Steve Szydlowski PROVIDENCE — Jason Cedro clicked on a computer mouse at the Rhode Island Convention Center yesterday and on the screen appeared a live, gull’s-eye view of Narragansett Bay, from a camera perched miles to the south at Beavertail State Park
Shangai-based PACT Environmental Technology win $3.5M orders for BWT plant Euro Tech Holdings Company Limited announce that its subsidiary, PACT Environmental Technology Company Ltd.("PACT") has recently been awarded contracts worth about US$1.3million from two companies outside China and another one worth about US$2.2million from a company in Jiangsu, China. These contracts cover design, supply
Oceanfoil, the maritime technology company developing aerofoil technology, announced the formation of partnerships with naval architects Owen Clarke Design LLP and University College London’s Energy Institute (UCL-Energy). Oceanfoil will work with naval architects Owen Clarke Design LLP during the final design and engineering phase, leading to the manufacture of the working prototypes of the new improved wingsails for sea trials in the second half of 2014
Foster Wheeler AG (Nasdaq:FWLT) announced today that a subsidiary of its Global Power Group has finalized the acquisition of the Siemens Environmental Systems and Services business that supplies and services clean air technologies for use in power plants and industrial facilities. The transaction was closed April 30, 2014. The Siemens Environmental Systems and Services purchase includes assets of the former Wheelabrator Air Pollution Control Company located in Pittsburgh
Aker Kvaerner has signed an agreement for acquisition of 50 percent of the shares in the German company Wirth Maschinen- und Bohrgeräte-Fabrik GmbH (Wirth) with an option to buy the remaining shares within the next years. Wirth is a quality supplier of drilling equipment such as mud pumps, drawworks and components for top drives. In addition the company provides tunnel and foundation boring machines for infrastructure projects and products for the mining and processing industries.
Northrop Grumman Corp. (NOC) said third-quarter profit soared 62%, helped by a gain from the dissolution of a joint venture and a strong performance in its ships business. It also raised its forecast for 2007 earnings from continuing operations. The Los Angeles global defense and technology company said net income rose to $489m, or $1.41 a share, from $302m, or 86 cents a share, a year earlier. The latest results included a gain of $21m, or 6 cents a share
APL Logistics has received the best supplier award from global manufacturing technology giant Emerson’s Rosemount business unit for the second year in a row. Tom Moser, President of Emerson Process Management, handed out the 2010 Supplier of the Year award to the global third party logistics provider in Rosemount’s annual strategic supplier summit held at Minneapolis, Minnesota, last month. “It’s an honor for APL Logistics to be recognized by Emerson Rosemount
Houston-based GTT North America (GTT NA), U.S. subsidiary of French engineering and technology company GTT (Gaztransport & Technigaz SA), has received an Approval in Principle from DNV GL for the design of a 2,200 cubic meter liquefied natural gas (LNG) bunker barge. The distinctive design incorporates GTT’s proven membrane Cargo Containment System (CCS), which is utilized in roughly 70% of the global LNG carrier fleet and nearly 90% of LNG carrier projects on order.
Havyard Group says that Kenneth Pettersen has taken over as Executive Vice President of its Ship Technology business area; details as follows: Kenneth Pettersen becomes Executive Vice President of Havyard Ship Technology AS, thereby becoming head of the business area and general manager of the
Alcoa, Phinergy and Heig-VD University demonstrate electric boat with aluminum-air battery range extender at Lake Neuchâtel, Switzerland Alcoa, clean technology company Phinergy and HEIG-VD University, today debuted a zero-emissions electric demo boat powered by an aluminum-air battery at
WR Systems (WR), the U.S.-based maritime technology company, is launching a new variant of its laser-based-emissions monitor at the SMM 2014 Fair in Hamburg. Called the Emsys-iS, the new system is designed specifically for scrubber applications and is targeted at both scrubber manufacturers and
Hyde Marine, Inc., a ballast water treatment technology company, will showcase its Hyde GUARDIAN Gold HG250G Ballast Water Treatment System (BWTS) at the upcoming Shipbuilding, Machinery, & Marine Technology (SMM) International Trade Fair, September 9-12, 2014, in Hamburg, Germany.
GTT North America (GTTNA), the Houston-based subsidiary of French engineering and technology company Gaztransport & Technigaz SA (GTT), received approval in principle from ABS for the design of a 2,200 cu.m. liquefied natural gas (LNG) bunker barge
The Board of Directors of Harris Corporation (NYSE:HRS), an international communications and information technology company, has declared a quarterly cash dividend of 42 cents per share on the common stock, payable June 13, 2014 to shareholders of record May 30, 2014. www.harris.com.
MYMIC LLC offers a spin ontraditional maritime training with their Virtual Marina Safety Awareness Game-Based simulation. Today MYMIC, a high-technology company specializing in game-based learning, simulations, modeling and computer visualization solutions
International engineering, testing, certification and classification group RINA has reported improved results for 2013. Its performance was strengthened by an upturn in marine activities and a drive to improve efficiency and drive down costs.
Micanti has won the Dutch Chamber of Commerce’s SME Innovation Top 100 Award. The Dutch maritime technology company Micanti has won the award for its design of a 100% environmentally friendly antifouling foil. Its working is based on small fibers
James Fisher Marine Services Ltd. and ExtremeOcean Innovation Inc. sign market entry agreement for wind farm support vessel concept James Fisher Marine Services Ltd (JFMS), part of James Fisher and Sons plc – a marine services provider in the U.K
The Long Beach Board of Harbor Commissioners is scheduled to vote Monday, June 30, to name Jon W. Slangerup, a veteran corporate executive with extensive experience in global logistics and environmental technologies, as the Port of Long Beach’s new Chief Executive.
Annual Conference, Exhibition and Networking Event Brings Together Shipowners and Technology Companies to Address Practical Solutions for Efficient Operations The organizers of SHIPPINGInsight 2014 report that the agenda has been finalized and all speaking positions and sponsorships have been
Hyde Marine, Inc., announced today it has launched an agreement with Goltens Green Technologies division to help shipowners determine how to best fit the chemical free Hyde GUARDIAN Gold Ballast Water Treatment System (BWTS) onto its existing vessels.
Hyde Marine will provide B-Box ballast water treatment service, NIOZ testing protocol to help validate system performance Hyde Marine, Inc. announced today it will begin using a new ballast water test system, B-box, recently made available from the Royal Netherlands Institute for Sea Research
Just three more weeks to take advantage of early-bird discount SHIPPINGInsight 2014 is coming soon, but there’s still time to take advantage of the early-bird registration discount. Attendees registering prior to the Aug. 28 early-bird deadline can receive a discount up to $400 for the