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James Fisher Marine Services (JFMS) has extended its Balance of Plant (BoP) work scope for the London Array offshore wind farm to provide subsea services, including inspection of the substation and all 175 Siemens turbines.
Offshore wind has taken one of the leading roles in James Fisher & Sons’ results for the first half of 2018, as the group’s Marine Support business division marked revenue growth of 21% – the highest of all James Fisher divisions – mainly powered by activities in the UK offshore wind market.
James Fisher and Sons has reported a revenue that climbed 9% in 2017 compared to the previous year, exceeding GBP 500 million for the first time. With an underlying operating profit of GBP 55.8 million, the company marked a 10% increase from GBP 50.8 million posted for 2016. Three out of four James Fisher’s business divisions saw a boost in their profits, with the Marine Support division – which serves the offshore renewables sector – leading with an increase of 17%.