BMT Reports Strong Full Year Performance

MarineLink.com
Tuesday, May 21, 2013
Photo: BMT

BMT Group Ltd (BMT), the international design, engineering and risk management consultancy, has announced another strong financial performance for the year to September 30, 2012. By focusing on markets where it can deliver high-value customer solutions, revenues from BMT’s continuing businesses rose 22% to £156m and underlying operating profits increased to £13.7m, a proportion of which has been distributed to the staff through the company’s profit share schemes.

David McSweeney, BMT’s Finance Director explained, “Despite challenging trading conditions, underlying operating profit margin rose from 6-9%, bringing us closer to the industry norm for companies within the high-value engineering sector. Such improvement is vital so that we can continue to re-invest in our people – both attracting and retaining the best talent - as well as our extensive R&D capability to identify future technologies and solutions which will help to address our customers’ challenges.”

Comprising 23 operating companies involved in activity across five continents, the BMT group continues to concentrate on its core maritime-focused offering in the organization’s three sectors of defense, energy and environment and transport. Highlights of the year include the acquisition of Oceanica Consulting Pty Ltd, a specialist coastal and marine environmental consulting company based in Australia; a successful contract win to provide specialist dredging consultancy services to Rio Tinto in Western Australia; the delivery of weather forecasting services in the Java Sea; and the UK Ministry of Defense’s LETacCIS (Land Environment Tactical Communication and Information Systems) contract which saw BMT lead its partners in support of the early phases of this acquisition program.

BMT said it also continues to invigorate its pioneering maritime spirit and looks to create innovative solutions through its commitment to R&D and collaboration with industry and academic partners. Its recent collaborative R&D project with University College London (UCL) will research new ways to increase shipping efficiency and reduce emissions - something which remains uppermost in the minds of ship owners, operators and charterers around the world.

To help improve safety in mining, BMT is partnering with Skill Pro Services Pty Ltd in Australia to develop a new way of suppressing coal dust explosions. The company said the innovative Active Barrier technology has the potential to revolutionize safety in the mining industry and recently picked up an excellence award from ACARP (Australian Coal Association Research Program).

Peter French, BMT’s Chief Executive, said, “This year we have been able to secure a number of major projects as we further demonstrate to our customers the breadth and depth of our knowledge and technical excellence in key markets. Our independence allows us to provide impartial advice and genuinely focus our attention on helping our customers succeed. More and more we are seeing our highly skilled experts from around the group becoming part of an integrated team that works in partnership with customers, providing an opportunity to share knowledge and best practice.”

www.bmt.org
 

  • Photo: BMT

    Photo: BMT

  • Photo: BMT

    Photo: BMT

Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Coast Guard Academy Cadet to Receive Fulbright Scholarship

Stephen Horvath, a first class cadet at the U.S. Coast Guard Academy, was recently granted a two-year Fulbright Scholarship to study renewable energy technologies

Ecochlor Presents BWTS Case Study at CMA

Ballast water treatment technology developer Ecochlor Inc. presented a project case study yesterday at CMA Shipping 2015 in Stamford, Conn. The case study covered

Golden Ocean and Knightsbridge Complete Merger

The merger between Knightsbridge Shipping Limited and Golden Ocean Group Limited was approved today at special meetings of both companies' shareholders.      The new company,

Consulting

LOC Group Announces Two Appointments

Global marine engineering consultancy LOC Group (London Offshore Consultants) announced appointments in two new positions; John Quarrington has joined the company

JIT Transit Slots Reduced at Panama Canal

The Panama Canal has experienced an unusual increase in the number of vessels awaiting transit during the past few weeks. Several measures have been implemented to reduce the backlog,

Socha Named VP at Baker Marine Solutions

Baker Marine Solutions (BMS) has appointed Robert Socha as Vice President Business Development for its domestic United States and international operations.   Socha

 
 
Maritime Careers / Shipboard Positions Maritime Security Navigation Pipelines Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.2261 sec (4 req/sec)