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
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
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 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
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 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
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)
Euro Tech Holdings subsidiary, PACT, reports its Ballast Water Treatment System BWTS passed a China land-based test & qualifies for sea-going tests. PACT Environmental Technology Company Ltd. has passed the BWTS land-base test in China and has to pass a 6 month sea board test in order
OceanWorks International contracted to deliver additional seafloor nodes for CSnet International’s Offshore Communications Backbone (OCB). The OCB (Offshore Communications Backbone) subsea infrastructure, including five seafloor nodes which form the existing seafloor observatory portion
Liquid Robotics hires key Silicon Valley sales executive to fuel next stage of growth, Gary Gysin to lead global sales and services. Liquid Robotics, an ocean data service provider and developer of the Wave Glider, the first wave powered autonomous marine robot
Tokyo, Japan, is the Newest Global Location for the Middletown, RI-Based Technology Company. KVH Industries, Inc., (Nasdaq:KVHI) has opened an office in Tokyo to further strengthen KVH's position in the market and to provide additional support to its Japanese partners
Eco Marine Power (EMP) to use the KEI 3240 Data Logger to verify fuel savings & measure the performance of its Aquarius MRE System. The Aquarius MRE System is a wind & solar power solution for sustainable shipping, and the data logger is to be supplied by KEI System Ltd (KEI) of Osaka
Eco Marine Power (EMP) invites investment in its wind power & solar energy system for ocean going ships, called the Aquarius MRE System. EMP is a marine systems technology company that offers investors the opportunity to help drive forward cutting-edge projects focused on developing green
Kraken Sonar Systems Inc., a marine technology company, has announced that it has been awarded a contract for an AquaPix Interferometric Synthetic Aperture Sonar system by Australia’s Defence Science and Technology Organization (DSTO).
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