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>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 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

EXPLORATION AND PRODUCTION OFFSHORE CONGRESS HUB 2019

During the last few years Oil&Gas sector had a difficult time surviving in brutal low-price environment…

read more >

Brasil Offshore 2019

The commemorative 20th anniversary edition of Brasil Offshore will be held under the auspices…

read more >

Subsea EMEA 2019

Subsea EMEA, the elite submarine cable-focused event hosted by Capacity Media, will return for its third year situated…

read more >

9th International Conference Offshore Foundations

Offshore Foundations is a technical event for experts in the wind industry. The goal is to push forward technical development for future foundation concepts.

read more >