Technology Company

CP Ships Appoints Torrens VP

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.

Magellan Corp. and Marine Electronics Leader Lowrance Electronics Inc. to Merge

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 Acquires Drilling Technology Company

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.

Marine equipment makes waves at OTE

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

APL Logistics wins Emerson Rosemount’s Supplier Award

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

Chinese Ballast Water Treatment Manufacturer Gets Supply Order

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

IBM , Dassault Systems Collaborate on Platform Design

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 3Q Profits Soar

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

Velocious Strengthens Subsea Services with Mock ROV

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

Thuraya Appoints Vice President of Marketing

Thuraya Telecommunications Company has announced the appointment of Mr. T. Sanford Jewett as their new Vice President, Marketing.   Mr. Jewett brings his expertise in international markets to Thuraya and will play a major role in leading the expansion of Thuraya’s global marketing strategies. Sanford has over 25 years of experience in the wireless, internet and satellite industries.  His experience includes an extensive focus on introducing technology companies into new