James Fisher and Sons has bought a new tanker and won £30m contracts in the North Sea and Taiwanese renewables sector, which will include finding unexploded bombs.
The London-listed company has also added to its fleet of small tankers with the purchase of a handysize from Maersk Tankers.
The 35,192-dwt Raleigh Fisher (ex Maersk Raleigh; built 2005) was purchased for £9m ($11.2m), James Fisher said on Tuesday.
The tanker will be used to fulfill a new five-year contract to support the Royal Navy's fuelling requirements, awarded by the UK Ministry of Defence.
"The investment in the Raleigh Fisher further develops the services provided to the Ministry of Defence and the recent contract win represents a significant award for our Tankships division," said Nick Henry, chief executive.
Eoghan O'Lionaird is to succeed Henry as James Fisher's chief executive on 1 October, following Henry's decision to step down from the position after 15 years, as TradeWinds reported earlier this month.
Renewables work
James Fisher has won four contracts in the renewables sector, all of which will include unexploded ordinance work.
The company is to begin a second phase of supporting construction of the East Anglia One windfarm off the east coast of England.
The extension will include unexploded ordinance work and clearing boulders, decommissioning a met mast (measurement tower) plus marine co-ordination and communications services for the project.
Off the east coast of Scotland, James Fisher will assist in preparing the site in the Moray Firth for construction of Innogy's Triton Knoll Offshore Wind Farm.
The contract includes marine coordination and communication, unexploded ordinance work and boulder clearance.
In Taiwan, James Fisher's high-voltage engineering specialist business, EDS, has been awarded an initial contract for unexploded ordinance and survey work, structural monitoring and consultancy work.
In May, James Fisher announced EDS has been awarded a 15-year operations and maintenance contract for offshore transmission assets at Greater Gabbard in Lowestoft, off England's east coast.
Nick Henry said his company continues to see "significant opportunities for James Fisher" in the renewables sector.
