James Fisher's strategy is to leverage marine skills in areas of specialist expertise to a global market.
The James Fisher group has entrepreneurially led businesses with leading market positions in their specific operational niches. Our businesses operate in demanding environments where strong marine service and specialist engineering skills are valued and rewarded.
We focus on providing solutions for our customers who are moving into the less mature and fast growing markets where they value trusted and quality suppliers.
Our businesses providing such specialist services are expected to:
- be cash generative
- have operating margins in excess of 10%
- provide returns on capital employed in excess of 15%
Bolt-on acquisitions broaden the range of products and services that we provide. Our acquisition strategy has focused on niche businesses with a strong entrepreneurial culture which fit well with our operating style and growth strategy. As a cash generative group with a strong balance sheet, businesses are usually acquired using existing cash resources.
Fendercare is the leading provider of pneumatic floating fenders and mooring equipment to the global marine industry. Our service sectors are 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 petroleum gas or bulk cargoes. The demand for these services is driven by the volume of oil trading between oil majors and independent traders and by the oil production from countries that do not have the port infrastructure to accommodate large tankers.
Strainstall Marine 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.
Strainstall Monitoring and Testconsult are leading providers of specialist testing and monitoring services to the UK construction and maintenance sectors. They design and manufacture testing and monitoring equipment, supporting customers worldwide. The market drivers for the services of Strainstall and Testconsult are new projects in marine, oil and gas, infrastructure and renewables sectors. Our niche offering and innovative products and services provide a competitive advantage.
James Fisher Marine Services delivers a service that utilises the wide range of marine skills across the Group companies. Demand for our services is driven by the operation and maintenance activities in marine, oil and gas and renewables sectors.
JFD (formerly Divex) 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 equipment and follow-on consumables, support and maintenance to the DSV operator. Construction and replacement of DSVs drives new build saturation diving systems which in turn drive ancillary services and products. Divex's defence market is based on service, repair, on-going calibration requirements. and projects requiring specialist diving equipment.
JFD is the world leader in submarine rescue services and encompasses the ability to design, deliver and operate submarine rescue vehicles. It has long-term service contracts with navies in a niche area of capability. The provision of equipment for defence projects is a market driver which can lead to longer term service contracts.
Currently, it provides submarine rescue services to the UK, Singaporean and Australian navies. The defence business supplies swimmer delivery vessels to special operations' markets.
JF Nuclear provides products and services in the operation of nuclear power plants and decommissioning. Its products and services operate in hazardous environments. It 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 nuclear commissioning industry and radiological calibration requirements.
ScanTech 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 or specific projects. Equipment is designed and certificated to the Norsok standard. The drivers are offshore rigs in operation and the level of operating expenditure within 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 equipment. The driver is the number of offshore rigs in operation 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.
The Offshore Oil division operates in niche areas of the oil and gas services market. These are predominantly focused on the operation and maintenance phases with limited exposure to exploration expenditure.
JF Everard (JFE) distributes clean petroleum products under contracts with oil majors. These contracts stem from refineries and terminals to storage facilities around the European coast and islands. It operates a fleet of double hulled product tankers with capacity ranging from 3,000mt to 13,000mt. The market driver is the level of consumption of clean products (petrol, diesel, kerosene and biofuels) in the UK, Ireland and Northern Europe.
JFE has undertaken 34,000 voyages since the year 2000, carrying in excess of 70 million tonnes of petroleum products. This has been achieved whilst maintaining an excellent safety record. Shipping clean petroleum products dramatically reduces our customers' carbon footprints compared to other modes of transportation. CO2 emissions are halved for shipping compared to road freight and just one full ship keeps more than 100 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 and its exported from the South West. The primary driver is the level of consumption of clean oil products within the South West of the UK.