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
ECOSLOPS an innovative technology company that upgrades ship-generated hydrocarbon residues (slops) into valuable distillates and light bitumen, has announced the signing of a long-term XFO (light bitumen) supply contract with SOPREMA. SOPREMA is the European leader in the bituminous membrane market for the isolation industry and had a 2.13 bn€ turnover in 2015 with more than 6,260 employees in 40 plants. Commenting on the development, Vincent Favier, CEO, ECOSLOPS, said
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
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
WesPac Midstream LLC (WesPac), a provider of energy infrastructure and liquefied natural gas (LNG) solutions, and its affiliate Clean Marine Energy LLC (CME), the global facilitator of tailored solutions for Emission Control Area (ECA) compliance, announced a construction contract with Conrad Orange Shipyard, Inc., a division of Conrad Shipyard, LLC, to build the first dedicated LNG bunker barge for the marine market in North America
Naval architecture and marine engineering company 3GA Marine Ltd has teamed up with marine technologies company Alfa Laval to provide engineered turnkey solutions to support ship owners in their response to the International Maritime Organization’s (IMO) ballast water management regulations. “The retrofitting of ballast water treatment systems in existing vessels is challenging because of their size and required capacity to maintain ballast operations
The Maritime Alliance (TMA) has partnered with the International Trade Administration, part of the U.S. Department of Commerce, to organize and partially fund an initiative to increase exports from small maritime technology companies (typically $2 million revenue and 20 people or below with
The vastness of the sea and its sometimes harsh conditions often pose a challenge to marine researchers. In the North Sea near Heligoland, scientists from the Thünen Institute for Sea Fishing, the Alfred Wegener Institute (AWI) and the Helmholtz Center Geesthacht (HZG) have now installed an
Dredging technology company VOSTA LMG will be moving its headquarters from Amsterdam to Delft in a few days. The move will bring the company closer to its customers, while ensuring continuity of operations and the excellence its customers have come to expect in terms of its product and service
Work will start shortly to install a sophisticated state-of-the-art mooring system at Wightlink’s car ferry terminals in Fishbourne and Portsmouth. This is part of the company’s £45million investment in a new hybrid battery ship for the route and improvements
Norwegian defence and marine technology company Kongsberg Gruppen's second quarter 2016 (Q2) financial results shows sales performance broadly in line with recent trends, but strong growth in earnings. Kongsberg had operating revenues of 4.13 billion Norwegian crowns ($502
Emsys Maritime Ltd., a UK-based maritime technology company, has announced the acquisition of the intellectual property rights for the Emsys emissions monitoring technology from W R Systems, Ltd. (WR) (Norfolk, VA USA) for an undisclosed amount
Elcome International has established a new calibration lab and electronics component repair facility at its worldwide headquarters in Dubai. The calibration and electronics repair services are operated by Navicom Calibration LLC, a wholly owned subsidiary of Elcome.
Trelleborg’s marine systems operation has supplied the Association of Maryland Pilots with SafePilot Portable Pilot Units (PPUs) and a Port System server solution to facilitate consistent, real-time information sharing between almost 70 pilots
Port of Long Beach CEO Jon Slangerup announced his resignation, effective October 28, 2016. Slangerup will step down as head of the nation’s second largest port to take a position as Chairman and CEO of an aviation technology company effective October 31, 2016.
An extensive area of the Trondheimsfjord in Northern Norway was designated as an official test bed for autonomous shipping by the Norwegian Coastal Authority (NCA), during a special event in Trondheim, Norway on Friday, September 30th 2016.
Canada, fearful of talk by the U.S. presidential candidates to reopen the North American Free Trade Agreement, could use the opportunity to push for a better deal on worker mobility, dispute resolutions and other issues, Canadian negotiators of the original pact said.
The Shipbuilder Sustainability Knowledge Base has been presented on sustainability day (10-10) to Salima Belha (member of the Dutch parliament) and Brigit Gijsbers (director of maritime affaires at Ministry of Infrastructure and the Environment)
By 2021, eight frigates from the Royal Australian Navy will be equipped with innovative NOSKE-KAESER technologies. Founded about a year ago, NOSKE-KAESER Marine Australia Pty Ltd, a subsidiary of NOSKE-KAESER GmbH, the maritime technology company with operations worldwide
GE Aviation’s marine gas turbine business signed a multilateral memorandum of understanding (MOU) to cooperate in the joint development of LPG-fueled ferry design. The ferry will feature GE’s compact and lightweight Combined Gas Turbine
DNV GL has awarded a component certificate to Spanish technology company Ingeteam for its new wind frequency converter INGECON WIND DFM 3000 family. The INGECON WIND Full Converter MV Series 3000-10000. The converter family is built for easy maintenance