Neptune goes north for business development

Neptune Marine Services Ltd announced today that it is in the process of establishing a business development unit in Aberdeen, Scotland, to support the substantial subsea inspection, repair and maintenance market in the North Sea.

The company has appointed Fiona Davies, a former spokesperson for the International Energy Agency in Paris, as its European Business Development Manager.

Neptune managing director Christian Lange said the company was committed to expanding its geographical footprint into the major offshore markets. This came after news that the company had been selected to provide its core underwater welding technology to a partially laden 70,000 DWT panamax coal carrier, in what an announcement to the stock exchange said would be its largest ship repair project to date.

The full announcement is pasted below

Neptune Marine wins major Ship repair project
- International shipping company awards Neptune Marine emergency
ship repair contract
- Contract expected to be largest single ship repair project
- Enhances potential for its flagship underwater dry-weld technology
(NEPSYS) overseas
- Creates Business Development Unit in Aberdeen
- Strengthens capability to deliver NEPSYS in line with Strategy for
Growth
Neptune Marine services announced today that it has been selected to
provide its core underwater welding technology, on a partially laden 70,000
DWT panamax coal carrier, at Gladstone, North Queensland.
The vessel, owned by an international shipping company was loading coal in
Gladstone, when a substantial crack was discovered along a transverse weld
on the underwater hull. The class society, Lloyds Register, and the Australian
Maritime Safety Authority were alerted to the situation, loading was halted,
and the vessel was detained in the port of Gladstone pending repair of the
defect.
Neptune was initially asked to provide urgent advice on the repair and were
subsequently contracted to undertake the repair. Lloyds Register approved
the NEPSYS repair solution and Neptune rapidly mobilised, arriving on-site
within 24 hours.
The ship's managers and owners sought a timely and cost effective solution.
Neptune's technology enables the repairs to be carried out in-situ, with
minimum mobilisation time, and with significantly less impact to the
commercial operating schedule of the vessel.
"Given the extent of the damage, we anticipate this to be Neptune's largest
ship repair project to date," said Neptune's Managing Director, Christian
Lange.
"One of Neptune's priorities, announced in our Strategy for Growth, is to
build on the potential for NEPSYS in both local and overseas markets. This
latest project highlights that the technology is becoming much more widely
used in the maritime sector. We expect this growth to continue as the industry
becomes increasingly aware of its capability and Neptune's successful track
record."
The project to repair this ship follows on the successful completion of recent
projects including the repair of vessels in Port Kembla and Tasmania, as well
as Neptune's ongoing projects with the Royal Australian Navy and marine
infrastructure.
Neptune also announced that it is establishing a Business Development unit
in Aberdeen, Scotland, to support the substantial subsea inspection, repair
and maintenance (IRM) market in the North Sea. The company has appointed
Fiona Davies, a former spokesperson for the International Energy Agency in
Paris, as its European Business Development Manager.
"Neptune is committed to expanding its geographical footprint into the major
offshore markets. This initiative is consistent with that goal and is expected to
deliver sound returns in the short term. The feedback from potential
customers has been favourable with Neptune quoting on several opportunities
in the oil & gas sector." Mr Lange said.
-ends-
Neptune Marine Services project manages and delivers quality sub sea inspection,
repair and maintenance services to the Oil & Gas, Defence and Maritime industries.
Our flagship underwater dry-weld technology (NEPSYS) delivers permanent superior
quality in situ repairs to platforms, pipelines, vessels and marine infrastructure while
minimising operational downtime.
MEDIA CONTACTS:
Christian Lange
Managing Director
Neptune Marine Services Limited
T: (08) 9226 5722