News Articles for Bhagwan Marine

Bhagwan shares slashed on downgrade

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Bhagwan shares plunged to a record low after the Perth marine contractor cut its FY26 earnings forecast on Tuesday.

Bhagwan wins Barrow Island contract

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Bhagwan Marine will build on the success of its first-ever decommissioning project, with the award of a contract for works to remove moorings and buoys at Barrow Island.

Market unfazed by Bhagwan profit slide

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Bhagwan Marine shareholders seem unperturbed by some lacklustre half-year results, with shares notching up despite large revenue and profit declines.

Bhagwan to acquire competitor for $130m

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Perth marine services provider Bhagwan Marine will raise $30 million to acquire Queensland-based competitor Riverside Marine in a deal worth $130m.The move will see all five Riverside Marine com

Bhagwan Marine snares new Perth HQ

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The marine services company is moving to a more central location in light of its plans to grow.

Henderson marine project approved

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The Canci family has secured approval to build a multi-million-dollar project in the Australian Marine Complex in Henderson, which will be occupied by Bhagwan Marine.

Bhagwan Marine boosts earnings

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Bhagwan Marine has reported strong growth in half-year revenue and earnings, in line with guidance released in December, and presented a positive outlook for the rest of the year.

Seven newcomers in BN30 refresh

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Business News has significantly overhauled the BN30 index, a proxy for the WA economy, with seven new additions, prompted by the exit of takeover targets MMA Offshore, APM and Decmil.

Bhagwan lifts earnings forecast

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Bhagwan Marine kicked off its first day of trading on the ASX by announcing a small upgrade to its earnings forecast and outlining plans to expand its business.

Bhagwan prepares for $80m IPO

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Bhagwan Marine is gearing up to launch its $80 million initial public offering by the end of July, which would value the Kannikoski family's stake at about $70 million.

Bhagwan Marine sues, alleges vessel issues

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Perth-based marine solutions provider Bhagwan Marine has launched legal action against a shipping surveyor over its DP2 Seamaster vessel, alleging misleading and deceptive conduct.

Mark My Words March 28 2024

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Mark Beyer and Mark Pownall discuss takeover deals for MMA and APM; hydrogen approvals challenges; payroll tax; WA's gas market; and resource export outlook.

Bhagwan wins Melbourne contract

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Perth-based Bhagwan Marine has diversified its business beyond its traditional focus on northern Australia by winning a marine maintenance contract at Port of Melbourne.

Bhagwan expands fleet

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Marine services company Bhagwan Marine has expanded its fleet with the purchase of two specialist vessels that are larger than others in its current fleet.

People Moves 29 June, 2018

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Boston leaves arts chamber:

Bhagwan makes CBD move

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Marine services business Bhagwan Marine has opened its new head office on St Georges Terrace, after the company announced plans to shift from Geraldton in June last year.

Bhagwan shifts HQ to Perth

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Marine services business Bhagwan Marine is shifting its base of operations from Geraldton to Perth as part of cost-saving initiatives in light of continued tough conditions in the offshore oil and gas market.

Programmed sells down marine business

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Programmed Maintenance Services has announced it has sold half of its marine services business to a Netherlands-headquartered company, on the same day it revealed a return to the black with a full-year net profit of $12.3 million.

Oil price albatross weighs on marine logistics players

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Offshore oil & gas: The marine logistics sector is yet to significantly rebound from the lower oil prices of the past few years, although positive signs are emerging.

Bhagwan wins Qld contract

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Bhagwan Marine has been awarded a contract to supply marine vessels and crew to support construction on Rio Tinto's Amrun bauxite project in north Queensland.

Strong field of star performers

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Western Australia is in good hands if the quality of the 2016 Rising Stars awards is anything to go by. Click through to see our special report on all of the winners announced last night.

Wooles takes Imdex chair

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Drilling services company Imdex has continued to refresh its board, with corporate adviser and company director Anthony Wooles recruited to replace long-serving chairman Ross Kelly.

Acquisitions deliver growth for Tox Free

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SPECIAL REPORT: Tox Free Solutions has completed nearly 20 takeovers on its way to becoming a national player in the waste management sector.

Uncertain outlook for deals

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SPECIAL REPORT: A flurry of deals over the past fortnight, including four acquisitions by international companies expanding in Western Australia and the year's largest capital raising, has added life to a flat corporate finance market.

Programmed sells software business

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Programmed Maintenance Services has sold another non-core business that it took control of through the Skilled Group acquisition last year.

Rising Stars back themselves

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Past winners of the Business News Rising Stars growth companies awards have continued to make news, particularly those with private backing.

Bhagwan picks up Russian job

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Marine services provider Bhagwan Marine has won a contract to provide its services to American company Foss Teras Marine on an oil and gas construction project in Russia.

Bhagwan expands subsea arm

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Geraldton-based Bhagwan Marine has grown its subsea services division with the acquisition of Delta Subsea for an undisclosed amount.

Bhagwan to buy Programmed fleet

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Geraldton company Bhagwan Marine is set to expand its presence in northern Australia after striking an agreement to purchase a fleet of vessels for $25 million; a third of the price the previous owner paid just three years ago.

Bhagwan wins Quadrant work

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Local company Bhagwan Marine has won a contract to provide its services to Quadrant Energy's operations in the North West Shelf for an undisclosed sum.

Seqta shines among Rising Stars

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Educational software provider SEQTA has capped a remarkable year of growth, being named the Business News Rising Stars award winner for 2015.

Bhagwan crew ‘doing the Bhagy’

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Amidst the publicity surrounding the rescue of renowned sailor Jon Sanders in rough seas over the weekend, the role of private Western Australian company Bhagwan Marine was lost on most people.

Bhagwan looks across the waves

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Developing markets in Mozambique, Russia and Papua New Guinea are the new targets for local marine services player Bhagwan Marine.

Major marine players keen to diversify

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Marine services providers won't be knocked off course by the waves of change in the oil and gas industry.

Adapting to oil and gas opportunities - SPECIAL REPORT

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As the construction peak passes and the oil price slides, service providers to the energy industry are re-evaluating how they do business. See our special report to see how technology, marine logistics and equipment providers are adapting to the new climate, and read about changes in the industry's workforce.

Bhagwan launches subsea arm

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Australia's largest privately owned vessel hire and offshore marine services group, Bhagwan Marine, has launched its own subsea division.

Equity funds hold on to private ventures

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Private equity funds are turning into long-term owners of some major WA businesses, after being unable to complete their planned exits.

Forrest recruits top finance exec

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Andrew and Nicola Forrest's Minderoo Group has recruited finance executive Aaron Hood to take charge of its expanding commercial investment activities.

Bhagwan’s confirms British acquisition

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Geraldton-based Bhagwan Marine has announced details of its first international acquisition, confirming speculation from last week.

Bhagwan the biggest

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Geraldton-based Bhagwan Marine has become Australia's largest vessel hire business with the acquisition of Brisbane-based MDT Maritime.