Nautronix Celebrates 30 Years

MarineLink.com
Wednesday, July 10, 2013

Through water communication and positioning technology company, Nautronix, celebrated 30 years in the oil and gas industry this week. Their financial year has come to an end and they are reporting growth in 2012/2013 of more than 41% on the previous year, the company said, with revenue increasing to £16.1 million which demonstrates how much the company has grown over the years. 

The success of the company comes from the introduction of the Survey Services division and a number of significant contract wins including recently awarded contracts with an approximate value of £2.8 million. As a result of the growth and success of Nautronix in the past year, they have employed an additional 42 people and as they continue to grow, they have budgeted to increase their work force to 120 people in 2013/2014.

As a technology company, Nautronix has invested £1.5 million in the research and development of their products and have recently completed a major NASeBOP project for acoustic switches for BOPs, which has now been successfully supplied and is currently on back order.  They have invested £20million on this product alone over the past couple of years and the system has been developed and manufactured in their production base in Aberdeen.

As Nautronix continues to develop their product range and service offering, they have invested a further £1.2 million developing the latest state of the art Digital Diver Communications System, NASDive which will be launched soon. They will also be releasing a new range of Beacons from the Dolphin Range and there is a number of exciting research and development projects that are planned over the new financial year.

In support of continued business growth, Nautronix also opened a brand new Headquarters in Aberdeen, "the energy capital of Europe" and a new office in Stavanger, Norway and the company also established a larger site in Houston, Texas.

Commenting on the results and growth of the company, CEO, Mark Patterson said “As we look towards the next financial year, Nautronix marks 30 years as providers of leading technology developments for the global offshore industry. This has been an extremely successful financial year for Nautronix and seeing the company grow and develop the way it has over the past 30 years is a testament to the service offering that Nautronix provides"

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

NORDEN’s Dry Cargo Head Bonderup Resigns

Ejner Bonderup, Executive Vice President and member of the Executive Management in Dampskibsselskabet NORDEN A/S, has resigned from his position to take up a position in another shipping company.

Baltic Index Up for Eighth Straight Session

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, continued its rise on Friday, for an eighth consecutive session,

Asia Tankers-VLCC Rates Expected to Soften

MidEast rates slip from two-week high on June 28; raft of new ships and repaired vessels weigh on rates. Freight rates for very large crude carriers (VLCCs)

Finance

Baltic Index Up for Eighth Straight Session

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, continued its rise on Friday, for an eighth consecutive session,

Asia-N.Europe Box Rates up 77 pct

Shipping freight rates for transporting containers from ports in Asia to Northern Europe rose 77.4 percent to $1,206 per 20-foot container (TEU) in the week ended on Friday,

Euronav Share Buyback

Euronav NV (NYSE: EURN & Euronext: EURN) (“Euronav” or the “Company”) today announces that the Company has purchased 192,415 of its own shares on Euronext Brussels for an aggregate price of EUR 1,

Energy

India's Iran Oil Imports Surge in June

India's Iran oil imports rose about 39 percent in June year on year, preliminary data obtained by Reuters shows.   In the first half of 2016 India's Iran oil

Asia Tankers-VLCC Rates Expected to Soften

MidEast rates slip from two-week high on June 28; raft of new ships and repaired vessels weigh on rates. Freight rates for very large crude carriers (VLCCs)

Euronav Share Buyback

Euronav NV (NYSE: EURN & Euronext: EURN) (“Euronav” or the “Company”) today announces that the Company has purchased 192,415 of its own shares on Euronext Brussels for an aggregate price of EUR 1,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Offshore Oil Pipelines Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1072 sec (9 req/sec)