Subsea State? Steady with Waves of Optimism
ensures it makes a valuable contribution to the economy. It’s worth reminding ourselves of the vital role subsea plays in helping achieve MER UK (maximizing economic recovery), the £8 billion in revenues it generates, 55 percent of which are exports, the 50,000 plus jobs and high value manufacturing base it supports.Subsea UK promotes British underwater ingenuity, innovation and expertise around the world and we are working ever more closely with the relevant organisations on a more joined-up approach to exporting and supporting subsea companies diversify into new geographical markets.Our oceans
Saab Seaeye Invests in Engineers
Manufacturer of electric underwater robotic systems Saab Seaeye has launched a recruitment drive to find software and electrical engineers at all levels, including senior engineering management, for its Fareham, Portsmouth, Head Office and manufacturing base. According to the company, the increased investment comes as rapid advances in miniaturization and control architecture are creating smaller, smarter robotic systems that are more agile, more powerful and are bringing advanced technology and efficiencies to an ever widening range of complex tasks across many different market sectors.
MHI Subsidiary in Brazil for FPSO Compressors
compressors for installment on an FPSO, MCO has received orders for, and completed deliveries of, numerous compressors for FPSOs. MCO-B will also work closely with Mitsubishi Heavy Industries Compressor International Corporation (MCO-I), a Houston-based Group company that serves as a core manufacturing base for MCO in the Americas. Going forward, this collaboration will further boost the competitive position of MCO products within the Brazilian and broad Latin American compressor markets.
Sub-Atlantic Scores ROV Hat Trick
;s Globe Exploration and Total Marine Technology of Australia with state-of-the-art observation class vehicles that are widely used across the offshore energy and defense industries. Sub-Atlantic, part of the Forum Energy Technologies group, has its operations hub in Aberdeen and a manufacturing base in Kirbymoorside, Yorkshire. According to Sub-Atlantic , the announcement follows a significant investment in the group’s Kirbymoorside facility to create a manufacturing center of excellence. The company said it is also on a recruitment drive to boost its operational workforce
St Engineering's Land Systems Arm Inject Capital in Brazil
and ATPL’s total investment in LeeBoy Brazil to BRL28.5m (approximately S$15.7m). ST Kinetics has correspondingly injected approximately S$3.2m into the capital of SDGK as funding for SDGK’s capital injection into LeeBoy Brazil. LeeBoy Brazil was incorporated in 2013 to establish a manufacturing base in Brazil to further grow the market presence of the LeeBoy™ brand of road construction equipment in Brazil and throughout Latin America. The injection of capital is not expected to have any material impact on the consolidated net tangible asset per share and earnings per share of
February 2024
