Sector review

James Fisher's strategy is to concentrate its core expertise of marine engineering and operational skills into growing marine service businesses that are focused on the fast growing global marine markets.

2016 annual financial information by division:

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Our Marine Support businesses provide products, services and solutions to the global marine industry. Our services are supplied to a range of end market sectors including marine, oil and gas, ports, construction and renewables.

Our principal businesses

Business Operations End markets Locations
Fendercare Marine products and services, ship-to-ship transfers, diving services, marine consultancy  Marine, oil and gas, renewables, and defence UK, Singapore, Australia, UAE, Brazil, Nigeria
JF Marine Services Integrated marine services, including remotely operated vehicle (ROV) systems and diving services Marine, oil and gas,renewables, tidal power and communications UK, France
JF Testing Services Products and services that measure and monitor structural stress, instrumentation and materials testing Marine, oil and gas, renewables, civil and construction UK, UAE, Qatar, Singapore, Malaysia
JF Subsea Excavation Mass-flow excavation services Oil and gas and renewables UK, Mexico, Singapore
Subtech Marine services and diving Oil and gas, marine and construction South Africa, Mozambique and Namibia

 

Market drivers

Fendercare is the leading provider of pneumatic floating fenders and other mooring equipment to the global marine industry. It services commercial shipbuilding, ship refurbishment, defence, port developments and the oil and gas market for project applications.

Fendercare is also the leading provider of ship-to-ship services for the transfer of crude or refined oil, liquefied natural gas or bulk cargoes. The demand for these services is driven by the volume of oil trading between oil majors and independent traders and also by production where local port infrastructure is unable to accommodate large tankers.

JF Marine Services delivers an integrated service offering that utilises the wide range of marine skills across the Group to provide added value to its customers. Demand for its services is driven by the operation and maintenance activities in the marine, oil and gas, renewables and communication sectors. This includes the specialist provision of ROV systems and diving personnel for underwater surveys, inspections, construction and diver support.

JF Testing Services is the leading provider of strain gauges to the marine industry, which are used in a range of applications such as mooring systems on ships and in ports as well as being used to monitor structural integrity of infrastructure in the construction and transport sectors. The sectors serviced encompass new shipbuilding, ship refurbishment and life extension, port developments, and projects for the oil and gas market.

It is also a leading provider of specialist testing and monitoring services to the construction and maintenance sectors and designs and manufactures testing and monitoring equipment, supporting customers worldwide.

The market drivers for JF Testing Services are new projects in the marine, oil and gas, infrastructure and renewables sectors, where our niche offering and innovative products and services provide a competitive advantage.

James Fisher Subsea Excavation specialises in providing mass flow excavation tools and services to cover or uncover subsea pipelines or cables. Demand for its services is driven by global cable and pipeline projects primarily in the oil and gas, renewables and communication sectors.

Subtech provides a range of marine services to the sub-saharan Africa region. Demand for its services is driven by port construction projects, diving projects and support for the major salvage companies.

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Our Offshore Oil businesses supply a range of services and equipment to the global oil and gas industry. This includes the design and engineering of specialist equipment, platform maintenance and modification, well testing support, subsea operations and maintenance services. James Fisher is also established as a world leader in artificial lift specialist completion technology and innovative accessory tools for electrical submersible pumps.

Our principal businesses

Business Operations End markets Locations
Scan Tech AS Design and engineering of specialist equipment, platform maintenance and modification, well testing support and subsea operations Oil and gas Norway
ScanTech Offshore Provides products and services to well testing companies Oil and gas UK, UAE, Brazil, Australia, Malaysia
RMSpumptools Artificial lift specialist completion technology and innovative accessory tools for electrical submersible pumps Oil and gas UK, UAE
Fisher Offshore Provides a range of lifting equipment and services to the marine, offshore and subsea industries Oil and gas UK, Malaysia

 

Market drivers

Scan Tech AS is Norway's leading provider of ATEX (ATmosphères EXplosives) products and support services to the Energy sector. Its products and services are supplied to the Norwegian oil and gas market and are used for platform maintenance, well testing and specific projects. Equipment is designed and certificated to the Norsok standard. The driver for the business is the operation and maintenance spend on offshore rigs in the Norwegian sector.

ScanTech Offshore is the leading provider of air compressors, steam generators, heat suppression equipment and qualified personnel for the well testing market worldwide. It rents equipment to the large multinational oil service companies along with qualified personnel to operate the equipment. The driver of the business is the operation and maintenance spend on offshore rigs around the world.

RMSpumptools is a world leader in artificial lift specialist completion technology and innovative accessory tools for electrical, submersible pumps. RMSpumptools supplies products to the global downhole oil and gas market which improve the productivity of wells utilising electrical, submersible pumps.

Fisher Offshore provides winches, hoists, marine cranes and subsea hydraulic tooling to the oil and gas and marine sectors. Its market driver is maintenance, inspection and repair demand and subsea projects.

Offshore Oil operates in niche areas of the oil and gas services market. These are predominately focused on the operation and maintenance phases of the market with limited exposure to exploration expenditure.

 

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Our Specialist Technical businesses supply diving equipment and services, submarine rescue products and support services and engineering solutions to the UK nuclear decommissioning market. The submarine rescue market is a small niche with a national navy either having its own capability or relying on other countries. Other subsea services provided to the defence sector include diving equipment and special operations vessels. The Group also supplies saturation diving systems which are installed onto dive support vessels and support deep subsea diving activities. JF Nuclear provides engineered solutions which operate in hazardous environments in the nuclear industry.

Our principal businesses

Business Operations End markets Locations
JFD Design, supply and servicing of diving and subsea equipment, submarine rescue and special operations services Defence, commercial and defence diving, hyperbaric and submarine rescue UK, Australia, Singapore, Sweden
JF Nuclear Engineered solutions in remote handling, non-destructive testing and calibration services Nuclear decommissioning UK

 

Market drivers

JFD is the world's leading supplier of saturation diving systems and related diving equipment. Its end markets are oil and gas and defence. Saturation diving systems are both fixed and portable. Fixed systems are usually built into dive support vessels (DSV). JFD provides the equipment and the follow-on consumables, support and maintenance to the DSV operator. The construction and replacement of DSVs drives new build saturation diving systems which in turn drives ancillary service and product spend. JFD's defence market is based on service, repair and calibration on-going requirements and on projects requiring specialist diving equipment.

JFD is also the world leader in submarine rescue services. It encompasses the ability to design, deliver and operate submarine rescue vehicles. It has long-term service contracts with navies in a very niche area of capability. The driver is the tendering of defence projects for provision of the equipment, which can then lead to longer-term service contracts to operate the service. We currently provide submarine rescue services to the UK, Singaporean and Australian navies. The business also provides swimmer delivery vessels to the special operations markets.

JF Nuclear provides engineered products and services to the nuclear industry both in the operation of nuclear power plants and decommissioning. its products and services operate in hazardous environments. The business provides instrumentation , non-destructive testing, calibration and digital radiography to the nuclear, aerospace and process industries. The market drivers for JF Nuclear are the demand for its products, services and lifetime support from the UK decommissioning industry, radiological calibration requirements and projects within the aerospace, process and defence industries.

 

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Our Tankships division operates a fleet of product tankers which trade along the UK and North European coastline carrying petrol, diesel, kerosene and biofuels. We perform over 1,000 voyages each year carrying fuel from refineries and terminals to major coastal storage facilities. We also operate a port in Plymouth, UK.

Our principal businesses

Business Operations End markets Locations
JF Everard Delivery of clean petroleum products around the European coastline Distribution of clean petroleum products UK
Cattedown Wharves Port operations Wet and dry product distribution UK

 

Market drivers

JF Everard (JFE) distributes clean petroleum products under contracts with oil majors from refineries and terminals to storage facilities around the European coast and to islands. it operates a fleet of double hulled product tankers with capacity ranging from 3,000mt to 13,000mt. The business driver is the level of consumption of clean products (petrol, diesel, kerosene and biofuels) in the UK, Ireland and Northern Europe.

JFE has undertaken 35,000 voyages since the year 2000, carrying in excess of 73 million tonnes of petroleum products. This has been achieved whilst maintaining an excellent safety record.

Shipping clean petroleum products dramatically reduces our customers' carbon footprint compared to other modes of transportation. CO2 emissions are halved for shipping compared to road freight, and just one full ship keeps more than 150 trucks from the roads.

Cattedown Wharves is a port in Plymouth which provides stevedoring services to the oil majors who own tank farms in Plymouth. It also handles dry cargoes such as animal feed which is imported into, and clay which is exported from, the South West. The primary driver for the business is the level of consumption of clean oil products within the South West of the UK. 

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