Larry A. Colangelo was recently elected senior vice president and chief financial officer at SPD Technologies. In his new position, Mr. Colangelo's responsibilities are expanded to include external business acquisitions, internal product development projects,
An energy-saving device that replaced steam traps on U.S. Navy ships won a $25,000 prize for the inventor, a civilian employee of the Navy, at a ceremony on the White House lawn. President Carter made the presentation to Lawrence L. Guzick for
Louis L. Frierson has been elected president and chief executive officer of George Engine Company, Inc. (GECO). Mr. Frierson will continue as chairman of the board of GECO, a position he has held for the past two years. H.F. Colby, whom Mr. Frierson succeeds,
Eleanor Chance Swett, president of Offshore Devices, Inc., 91 Dale Street, Chestnut Hill, Mass. 02167, announces a $700,000 contract with SUDOIMPORT, the USSR marine trade organization, for six High Seas Oil Pollution Control Barriers. The barriers will be used on the Black Sea,
Joseph R. Stadelman has been named to head the Morgan Engineering unit of AMCA International Corporation. As general manager of that operating unit, Mr. Stadelman is also a vice president of the Equipment Systems Division within which Morgan Engineering operates.
C. Thomas Faulders III was recently named Comsat Corp. vice president and chief financial officer. Mr. Faulders will succeed Robert J. Perry, who will remain a Comsat Corp. vice president and senior advisor. As Comsat Corp. chief financial officer, Mr.
The U.S. one-day market is one of the fastest growing segments of the North American cruise industry; the Baltic luxury ferry market is one of the most well-developed cruise markets in Europe. Why do Scandinavians purchase 27 times more short
Tidewater said that certain provisions of the newly enacted "American Jobs Creation Act of 2004" could have a significant positive effect on its future earnings and cash flows. The Act. which has been approved by both the United States Senate and House of Representatives,
One of the greatest challenges facing a lender in the maritime industry is appropriate assessment of risk. In this exciting, varied and vibrant industry, a lender's effective risk assessment requires a thorough understanding of the vagaries that characterize the industry.
S a l v a g e response in the United States, and to a considerable degree throughout the world, has evolved to become essentially a new industry as measured by historical precedent. There are five principal factors, which have forever changed