Marine News

Marin buys AGR unit

Dec 17, 2013

Marin, the ultra-deepwater excavation specialist and recovery firm, is to acquire AGR Seabed Intervention. The announcement comes after the duo formed a strategic alliance earlier this year. The acquisition of AGR Seabed Intervention…

Chinese ocean thermal energy plan

Apr 17, 2013

Lockheed Martin has announced that it is working with Reignwood Group to develop an Ocean Thermal Energy Conversion (OTEC) pilot power plant off the coast of southern China. A memorandum of agreement between the two companies was signed in Beijing on Saturday…

Marine group buys Divex

Mar 07, 2013

Marine service group James Fisher and Sons is to buy diving equipment firm Divex for up to £33million.The deal will see UK-based James Fisher and Sons pay an initial consideration of £20m in cash plus a further maximum additional consideration of £13m linked to future profitability targets…

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