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
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
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
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
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
Turkey has completed upgrades on two Ay-class submarines, contractor STM, an Ankara-based defense technologies company, said. The modernization project comprising renewal of Electronic Support, Attack and Search Periscopes and Inertial Navigation Systems has been carried out by STM
Thegrowth in oil and gas activity in Côte D’Ivoire has seen investment in standardized safety training in the region far outstrip that of other hydrocarbon-rich West African countries, according to international learning technologies company Atlas Knowledge.
Mitsubishi Heavy Industries, Ltd. ("MHI") and the Suhail Bahwan Group ("SBG") have invested in Altaeros Energies, a Massachusetts-based technology company, to support the design and production of its Buoyant Airborne Turbine ("BAT") renewable energy and
ZF Friedrichshafen AG is celebrating its centennial in 2015. Founded in the city of Friedrichshafen at Lake Constance in 1915 as “Zahnradfabrik GmbH,” the company developed from an aviation specialist with regional roots to an international technology company active on the global
Rolls-Royce Holdings plc today announces the appointment of Sir Kevin Smith CBE as a Non-Executive Director. Sir Kevin will join the Board with effect from 1 November 2015 and will become a member of the Nominations and Governance Committee
PowerCell Sweden, an energy technology company with a patented technology for generating electricity from fuel cells, announced today it will establish PowerCell Germany GmbH. André Martin, a senior fuel cell expert and former and Member of the Board of Directors of PowerCell Sweden
Royal IHC announced it has expanded its activities with the acquisition of Fraser Hydraulic Power (FHP) in the UK and Robbins Technology Group (RTG) in Brisbane, Australia. With these latest acquisitions, IHC has expanded its offshore rental fleet and gained a stronger foothold in the
Pole Star, a U.K.-headquartered technology company delivering maritime application solutions, has launched its new cloud application platform, designed to facilitate the company’s vision to enable a universal maritime ecosystem.
Norautron Group has entered into an agreement to acquire 100% of Hatteland Display from Herkules Capital. Hatteland Display's history dates back to 1989, and the company is now a leading designer and manufacturer of high-end rugged displays, panel computers
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.