Red7Marine reports strong end to latest financial yearCompany News // May 21, 2010
Red7Marine Group in the UK says it can report "another successful year of development up to its financial year end of January 2010" and says it is planning to continue this pattern of sustained growth for 2010/11.
"High emphasis has been directed towards recruitment of additional supplementary personnel into specialist offshore, QHSE and engineering departments to support the company’s increased activities in offshore diving, cable installation, jack-up barge hire and marine and subsea construction," said the company.
All sectors have been buoyant, with offshore renewables project engineering and diving, including marine plant hire accounting for the major growth. "Coastal and inland diving and marine construction have maintained a firm share of the market," said the compan, "with the company continuing work on a range of high profile UK and overseas construction projects."
The marine plant sector bolstered its ranks with the purchase of an additional four Combifloat jack up barges, plus flat-top barges and hydraulic heavy lift crawler cranes to 175 tonnes.
As an indicator of Red7Marine’s reputation for dependability the company is currently operating two further jack up vessels from the market, bringing the current operating fleet to seven, working at a number of high profile sites globally.
In support of marine operations, Red7Marine has developed the former Carillion Marine site at Northfleet, on the river ThamesUK to provide additional plant management, storage and slipway capacity, together with providing a well placed support base for expanding marine construction activities throughout the south east UK and European coastline and ports.
Principle marine plant support services are provided by Red7Marine’s fully fitted marine workshop facility at ABP Port of Ipswich, UK from where a dedicated team provides key services including fabrication, hydraulic, electrical and mechanical technicians, together with a fully operational shipyard slipway and craneage.
Expansion of the company's diving and offshore related activities necessitated heavy investments into additional IMCA compliant offshore diving systems plus dedicated support facility.
To this end Red7Marine has announced the recent acquisition of its new diving operations facility at Gt Yarmouth UK, from where both inshore and offshore diving services have been brought together. "With a total workshop floor capacity of 1,300m˛, stores, offices & boardroom facilities, all situated in 1.5 acres of concreted yard, the new base can claim to be the most modern facility of its type," claimed the company.
In January, the new facility with a team of 17 specialist personnel was further engaged following the acquisition of all Aquanos diving assets, which included IMCA compliant dive spreads, consisting of 1.8m DDC/Dive controls, air systems, hot water, hydraulics, diver deployment systems, plus all stores, spares and specialist subsea tooling and survey systems.
The recent development means that Red7Marine can effectively service upto five offshore projects plus seven inshore projects concurrently and as at writing can report that eight dive teams are in operation.
On a companywide basis Red7Marine Group currently has over 20 operations running, including ongoing work in the Falkland Isles, Israel, Holland, North Sea and throughout the UK and islands and intends to continue the steady and controlled growth within current and expanding markets.