FMS Marks Good Start to Financial Year

Dave McGinlay, FMS business development director

First Marine Solutions (FMS), the mooring equipment specialist, has reported a strong start to the financial year.

Following on from the appointment of a new management team in May, the Aberdeen-based mooring services company has reported month-on-month sales growth, with Q1 securing an increase of 75% when compared with Q1 2017.

Established over a decade ago to provide mooring equipment for global drilling operations, FMS’ most recent results reflect the company’s commitment to a robust growth strategy which has seen an investment of £1 million over the past financial quarter.

Dave McGinlay, FMS business development director, said: “This excellent start to the financial year is clear justification of the investment FMS has made in both mooring equipment and our quayside facility at Montrose Port Authority. In addition to this capital investment, the company has seen an increase in head count of 60% increase over the past four months, with plans to grow this further over the next 12 months.

“Our investment in both capacity and expertise is designed to ensure we are well placed to meet the requirements of an increasingly active North Sea, as we continue to realise our planned commercial strategy.”

Share this article

Follow Subsea World News

Events>

<< May 2019 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

Global Petroleum Show (GPS)

The Global Petroleum Show Conference is a comprehensive three-day program where…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Decom Offshore 2019

As an established industry event, Decom Offshore 2019 provides delegates with the valuable opportunity to network…

read more >

OWI WA 2019

West Africa’s only dedicated Offshore Well Intervention Conference is returning for its second year…

read more >