Fugro Gets $17.3M from Huawei Marine Networks Deal
Dutch offshore services provider Fugro has said it has received $17.3 million from the sale by Global Marine Group of a 30% stake in Huawei Marine Networks (HMN) to Hengtong Optic-Electric Co Ltd. The proceeds are in addition to EUR 34.0 million which Fugro received in the first quarter of 2020 from the divestment of its 23.6% stake in Global Marine Group, which was bought a J.F. Lehman & Company affiliate for an enterprise value of $250 million.The remaining 19% of Huawei Marine Networks that is under a two-year put-option agreement is expected to generate another $10-15 million for Fugro
Fugro ROVs for Normand Clipper Vessel
Dutch marine and offshore services company Fugro has won a long-term contract for two remotely operated vehicles (ROVs) and a full survey positioning package on Global Marine Group recently chartered vessel, the Normand Clipper.As part of the contract, Fugro will provide two Fugro core vehicles (FCVs) from their FCV600 model portfolio."The FCV600 is a versatile work-class ROV (WROV) and will allow Fugro to support the Normand Clipper across a range of operations, with primary focus on subsea cable-laying for the offshore utilities and renewables markets," Fugro said.The FCV600 model can be
New Senior Exec Team for ROV Specialist Rovco
well as delivering complex AI in the harshest environments on Earth.Ian Bryan joins as Consultant Chief Operating Officer (COO), bringing 35 years’ experience in defence, robotic manufacturing and the renewable sectors to the role, including as Managing Director, Group Business Operations at Global Marine Group.Simon Miller joins the team as General Manager of Rovco Scotland. Simon brings over 25 years of experience in Operations, Senior Projects, Sales and Business Development from Rolls Royce Commercial Marine and Oceaneering International Inc.Brian Allen, CEO at Rovco commented "The announcements
Global Marine Taps IHC for Normand Clipper Cable Lay Spread
Dutch offshore equipment and vessel builder Royal IHC has secured a contract with Global Marine Group to design and delivery of an integrated power cable lay spread.The equipment will be installed on its newly chartered vessel, Normand Clipper, which Global Marine has chartered from Solstad Offshore.The spread to be supplied by Royal IHC is optimized for inter-array cable lay and includes a patented quadrant handling system for second-end deployment operations, Royal IHC said.The equipment also includes IHC’s 15Te break-back tensioners and an overarching control system."This integrates the
Subsea Plow Delivered to Global Marine
UK-based supplier of tailored equipment and engineering services to enable the execution of challenging offshore projects, Osbit has delivered a multi-function pre-lay and backfill subsea plow to offshore engineering company Global Marine Group.The offshore technology company has designed and built the plow, which will now be known as PLP240, over a 20-week program, following contract award in January. Final assembly and sign-off was completed at Osbit’s Port of Blyth facility, on time at the end of May, to meet an accelerated and demanding schedule driven by customer need.Osbit has worked in
CWind Digitizes with CrewSmart
CWind, part of the Global Marine Group (GMG), a provider of topside, splash zone and subsea engineering services to the offshore renewables and utilities market, it has implemented CrewSmart’s management support service across its fleet of 21 crew transfer vessels (CTVs) and team of offshore wind technicians. The cloud-based CrewSmart system provides CWind with control over personnel and fleet administration, optimizing the overall efficiency of the operations team.In a rapidly expanding offshore wind market, as new projects come online globally, vessel demand has spiked, CrewSmart said, with
Global Marine Group Buys Stake in Rovco
Subsea technology company Rovco said it has formed an invested partnership with offshore engineering firm Global Marine Group (GMG) to bring intelligent inspection, repair and maintenance (IRM) solutions to the global offshore market.GMG, made up of three business units - Global Offshore, CWind and Global Marine - has secured a 13.8% share in the Bristol and Aberdeen based remotely operated vehicle (ROV) and hydrographic services business. The partnership will see both companies work together to deliver a range of subsea solutions aimed at improving data acquisition.Rovco’s latest development
CWind and ORE Ink Offshore Deal
CWind, part of the Global Marine Group (GMG), has signed a Collaboration Agreement with the Offshore Renewable Energy (ORE) Catapult, the UK’s offshore renewable energy innovation center.According to a press release from CWind, the provider of topside, splash zone and subsea engineering services to the offshore renewables and utilities market, the agreement demonstrates CWind’s long-term commitment to develop solutions to overcome the challenges faced by the UK offshore renewables sector, using innovation and technology to drive change.Together, the two companies will focus on delivering
Preece Named Managing Director at CWind
Mark Preece has been appointed Managing Director of CWind, the Global Marine Group (GMG) offshore renewable business. Preece, who has extensive experience in the offshore and maritime sectors, joined CWind on an interim basis late in 2017. He has formerly served as Executive Vice Chairman at PDi Ltd, CEO of CEONA Offshore and CEO of Reef Subsea.
