Latest news from Heavy Lift & Project Forwarding International Magazine

Aqualis growth hits bottom line

October 29 - Aqualis reported revenues of USD9.5 million in the third quarter of 2015 - down from USD11.3 million in 2014 - with EBIT of negative USD1.4 million.

David Wells, ceo of Aqualis, said: "We experienced a slight decrease in revenues in the third quarter, partly because of the effects of monsoon season offshore India. However, the underlying performance of the group remains solid, despite some weak oil and gas segments."
 
During Q3 2015 Aqualis opened three new offices - in Germany, Malaysia and South Korea - and signed an MoU to acquire a 49.9 percent stake in solar power engineering consultant, Adler Solar.
 
Aqualis said these steps were made in order for the company to act as energy consultants across three main sectors: oil and gas (Aqualis Offshore), offshore renewables (Offshore Wind Consultants) and solar energy (Adler Solar).
 
www.aqualis.no

Heavy Lift | News

AF Marine launched thumbnail image

AF Marine launched

February 26 - Deepsea towage operators Augustea Group and transport engineering specialist Fagioli have established a 50-50 joint venture, AF Marine.
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