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
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.
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
ABB to deliver advanced integrated automation and electrical solution for largest Italian public work project of the last century. ABB will supply the complete integrated electrical and automation system for Mo.S.E. (the Italian acronym for experimental electro mechanic module)
The U.S. dollar rose to a three week high against the yen on Friday, on a report of likely further monetary policy easing from the Bank of Japan, while a rise in crude oil prices was offset by poor technology sector earnings, leaving Wall Street stocks steady.
SHIPPINGInsight announced the agenda and identified keynote speakers for the fifth Fleet Optimization Conference & Exhibition. The annual event will take place October 18-19, 2016, at the Stamford Marriott Hotel and Spa in Stamford, Conn.
Aquabotix, a marine technology company delivering the accessibility of today’s electronics products to underwater ROVs, announces the immediate availability of the Endura. The Endura has been engineered for dependability and functionality across a wide range of underwater applications
ZF acquires industrial gears and wind turbine gearbox segment from Bosch Rexroth Following the go-ahead from antitrust authorities, on December 1, 2015 ZF has officially taken over the industrial gears and wind turbine gearbox business from Bosch Rexroth AG
Maritime security technology company, Sonardyne International Ltd, has demonstrated the capabilities of its Navigation and Obstacle Avoidance Sonar, NOAS, during three days of water borne demonstrations in Plymouth, south-west England.
Murray Hill-based intermodal information technology company Advent Intermodal Solutions on Tuesday announced it has named a new CEO as it plans a redesign of its signature supply chain management system. Parvez Mansuri, who at one time was chief information officer of the company
An agreement to build oil tankers in Iran for Venezuela has been left in limbo years after it was announced as Western sanctions plus disagreements over payments and delivery terms took their toll, sources familiar with the matter say.
The new CEO of Transas, Frank Coles, has vocalized his vision for the future of the global maritime technology for the first time since his appointment in late 2015. The Transas CEO has his sights set on the company delivering the technology and solutions needed for the integrated
Tideland Signal Corporation has been acquired by Xylem Inc. (NSYE: XYL), a global water technology company. Tideland will now be part of the Xylem Analytics business which includes YSI, SonTek and Aanderaa. “We are very excited about the possibilities now available with the added scope and
Kongsberg Maritime has established a new country office in the Republic of Panama. Opened in January 2016 and situated in the ‘Canal Zone’ close to Panama City, Kongsberg Maritime Panama will service merchant fleet customers transiting the Canal and the extensive tug sector in the
Elcome International, the leading marine solutions provider and system integrator in the Middle East and one of the largest marine technology companies in the world, will showcase a full array of the latest technologies at the Dubai International Boat Show next week.
U.S. Defense Secretary Ash Carter on Tuesday warned China against what he called "aggressive" actions in the South China Sea region, including the placement of surface-to-air missiles on a disputed island, and said they would have consequences.
PDMS Maritime has announced that it has been awarded a new contract to deliver its international ship registry and seafarer management platform (MARIS) to Maritime Cook Islands (MCI) Limited, the corporate administrators of the Cook Islands international ship registry.
Analysts say intelligent analytics could give firm an edge. A young Israeli technology company believes the expertise it has built up in tracking ships for governments and security agencies could help it break into the much larger market for providing information on seaborne commodities.