Fiomarine News

Fiomarine Sells Buoys to US Navy

The United States Navy received a second major shipment of Fiobuoys, made by Fiomarine, a small company based in Tasmania, Australia. The shipments are part of a two-year supply contract. The contract represents a 340 per cent sales growth for Fiomarine in less than three years. The order for its Fiobuoy underwater retrieval system is Fiomarine’s largest to date, and makes the U.S. the chief user of the technology. Fiomarine is now pursuing other U.S. markets, beginning with an exhibition at the International Workboat Show in New Orleans in December.