Canbank Venture Acquires Stakes in Anand Teknow Aids Engineering
Canbank Venture Capital Fund Limited (CVCFL) has picked up approx 5% minority Equity stake in Anand Teknow Aids Engineering India Ltd, a Rs 300 crore closely held Public Limited company manufacturing hi-tech, engineering products for the Oil & Gas sector in India & Gulf. CVCFL has invested Rs 16 crore which will be utilized by the company for expansion of its ball valve plant at Talawade near Pune in India.
Kerry to Push India to Give U.S. Companies Greater Access
Secretary of State John Kerry will push India to make it easier for U.S. companies to do business there on a trip next week that also takes him to Europe to meet officials from Oman, Iran and Bulgaria, U.S. officials said on Friday. Earlier this week, the State Department said Kerry would travel to India this weekend to attend an investment summit promoted by Indian Prime Minister Narendra Modi and held in the city of Ahmedabad, in Modi's home state of Gujarat.
SAM Electronics to Retrofit Bridge Systems for Scandlines
L-3 SAM Electronics announced today that via its Danish subsidiary, L-3 Lyngsø Marine, it was awarded a contract to retrofit navigation facilities aboard four double-ended passenger and freight ferries operated by the German-Danish ferry company, Scandlines. “We are extremely proud to have been selected to provide our advanced NACOS Platinum navigation system for one of Europe’s largest ferry organizations,” said Maik Stoevhase, managing director of L-3 SAM Electronics, ANC.
Optimarin, Goltens Ink WW Deal
Ballast Water Treatment (BWT) specialist Optimarin and Goltens, a leading provider of engineering and installation solutions for the shipping industry signed a non-exclusive worldwide agreement for retrofitting Optimarin’s Ballast System (OBS). The deal provides shipowners with a complete BWT package, offering them proven BWT technology, alongside first-class engineering and installation services across the globe. Optimarin and Goltens have a lengthy and successful track record of collaboration.
New Virginia-Class Attack Submarine Named
Secretary of the Navy Ray Mabus announced today that SSN 795, a Virginia-class attack submarine, will bear the name USS Hyman G. Rickover. Mabus named the submarine to honor U.S. Navy Admiral Hyman G. Rickover, the man credited for developing USS Nautilus (SSN 571), the world's first operational nuclear-powered submarine. Virginia-class submarines provide the Navy with the capabilities required to maintain the nation's undersea supremacy well into the 21st century.
ICTSI Names Head for Australian Unit
International Container Terminal Services Inc. (ICTSI) has appointed Anders Dommestrup as Chief Executive Officer of its Australian subsidiary, Victoria International Container Terminal Ltd.
SC Ports Handle Heaviest Project Move
SC Ports Authority recently handled one of its heaviest energy project moves to date, a 1.5 million pound Westinghouse Electric Company steam generator for the South Carolina Electric & Gas Company nuclear power plant expansion near Columbia, SC. The generator was off-loaded from the BBC AQUAMARINE directly onto a Schnabel car, a specialty railcar designed to transport heavy and oversized loads. The 36-axle railcar…