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.
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.
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
IBM and Dassault Systems announced that PLM solutions from IBM and Dassault Systems are driving a multi-national collaborative global design and manufacturing oil platform project that includes China-based Yantai Raffles Shipyard, Norwegian offshore technology company Sevan Marine, and Brazil's state-run oil company, Petrobras. The complex Sevan Stabilized Platform (SSP) 300 project, wherein Yantai Raffles builds the Sevan Marine-designed oil platform, utilizes CATIA
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
Velocious Australia has added to its portfolio of innovative subsea engineering and remote technology services through the development of a new Mock ROV. Most recently used to test tools for Chevron’s flagship Gorgon project off North West WA, the Mock ROV has the capability to replicate every function an ROV would carry out in a subsea environment to ensure safety and operational integrity. Unlike most industry Mock ROVs
International communications and information technology company, Harris Corporation, has delivered a system that will help prepare National Oceanic and Atmospheric Administration (NOAA) satellite operators for the new Geostationary Operational Environmental Satellite – R (GOES-R) Series
My-Villages, a marine mobile technology company, has acquired DockMaster, an information management solution provider for marine retailers, marinas and service centers. The integration of DockMaster software and My-Villages’ consumer and professional application, called The Boat Village
Capstone Turbine Corporation, a clean technology manufacturer of microturbine energy systems, announced the company's inclusion on Deloitte's Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North
Light Structures, a global technology company for fiber optic monitoring and analysis systems, has won the contract to provide the critically important Load & Fatigue Monitoring Solution for the $2.7 billion Ichthys LNG Central Processing Facility (CPF)
Aker Solutions has agreed to acquire a majority stake in Aberdeen-based Enovate Systems Ltd. Enovate Systems Limited is a leading technology company within the subsea well control equipment sector. The financial details of the acquisition are undisclosed.
Klϋber Lubrication, a worldwide manufacturer of specialty lubricants, appoint Ralf Kraemer chief executive officer (CEO). Kraemer assumes the role of CEO from Dieter A. Becker, who returns to Klüber’s global headquarters in Munich, Germany
Maritime Technology Company Micanti BV has applied its patented non-toxic antifouling on a crew vessel Lady Rasha in Dubai. Thorn-D is an adhesive foil with fibers that creates a textured surface. Instead of killing marine growth the textured foil is preventing it from attaching itself to
Keeping hulls and equipment ship shape, coatings play critical role in vessel efficiency, economy The advance of modern marine coatings and related technologies is not unlike other technical sectors of the maritime industry, primarily driven by emerging regulation from the international
OceanWorks International announce the successful re-deployment of the VENUS coastal network in the Strait of Georgia after repairs. Placed in Canadian waters in the Strait of Georgia, VENUS is part of the Ocean Networks Canada Observatory, is a cabled undersea laboratory with nodes that provide
IHC Merwede has revealed a healthy net profit margin of 4.1% in 2012 and a positive sales forecast for the year ahead. The company develops and builds vessels, equipment and life-cycle support services for the dredging, mining and offshore industries
Treasure hunters Sub Sea Research team up with Howe and Howe Technologies to recover 'Port Nicholson' cargo. Last year, Sub Sea Research made international news with the announcement of their discovery of the $4 billion gold and platinum cargo aboard the SS Port Nicholson
BioProcess Algae LLC awarded $6.4-Million U.S. Department of Energy grant to develop advanced drop-in biofuels for military jets & ships. BioProcess Algae LLC has been selected to receive a grant of up to $6.4 million from the U.S. Department of Energy (DOE)
Nordic marine energy technology company Minesto has developed a simulator to aid the development of its Deep Green marine power plant. According to Minestro, Deep Green is the only marine power plant that is able to cost efficiently produce electricity from low velocity tidal and ocean currents
Through water communication and positioning technology company, Nautronix, celebrated 30 years in the oil and gas industry this week. Their financial year has come to an end and they are reporting growth in 2012/2013 of more than 41% on the previous year, the company said
Beijer Electronics (BELE), a Sweden-based global technology company, is proud to announce the opening of its U.S. headquarters in Salt Lake City, Utah. Beijer Electronics has been experiencing rapid growth and has now moved into a state-of-the-art research and development/manufacturing facility