Fisher (James) & Sons plc Saturation Diving Contract Award (7544P)
November 22 2016 - 3:30AM
UK Regulatory
TIDMFSJ
RNS Number : 7544P
Fisher (James) & Sons plc
22 November 2016
22 November 2016
JAMES FISHER AND SONS PLC (FSJ.L)
JFD AWARDED SaTURATION DIVING CONTRACT
James Fisher and Sons plc (FSJ.L) ("JFS") today announces that
its subsidiary JFD has been awarded a c.GBP35m contract by Shanghai
Salvage ("SS") to supply a 24 man saturation diving system rated
for diving support to depths of 500m.
The contract is for the design and build of two independent 12
man saturation dive systems for delivery in 2019, including diving
bell, hyperbaric lifeboat, gas management and Life Support
equipment. The systems can be deployed individually on vessels or
installed together on board a dive support vessel. They will
incorporate advanced state-of-the-art technology which will allow
the safe conduct of 500m diving, which is significantly beyond the
depth rating of the majority of standard diving systems.
Government owned SS is one of the biggest professional salvage
companies in China and in 2008 JFD supplied them with a 300m rated
saturation diving system which achieved the Chinese record for the
deepest saturation dive in 2014.
Nick Henry, Chief Executive Officer of JFS said:
"The decision to award the contract to JFD is testament to our
proven capability. Shanghai Salvage has recognised the key benefits
associated with JFD systems and we are delighted to support them
once again as their diving operations advance into deeper waters.
JFD prides itself on its engineering expertise which has been
developed over the past 35 years, allowing us to deliver highly
specialised and technologically advanced systems of exceptional
quality."
Contacts
James Fisher and Sons
plc Nick Henry CEO 020 7614 9508
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FTI Consulting Richard Mountain 020 3727 1374
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This information is provided by RNS
The company news service from the London Stock Exchange
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