Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksJames Fisher and Sons Regulatory News (FSJ)

Share Price Information for James Fisher and Sons (FSJ)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 304.00
Bid: 300.00
Ask: 309.00
Change: -6.00 (-1.94%)
Spread: 9.00 (3.00%)
Open: 300.00
High: 304.00
Low: 296.00
Prev. Close: 310.00
FSJ Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Re Singaporean Rescue Submersible

17 Dec 2008 09:00

RNS Number : 2682K
Fisher (James) & Sons PLC
17 December 2008
 



17 December 2008 

SINGAPOREAN RESCUE SUBMERSIBLE TO BE NAMED AT MIDDAY

James Fisher Defence ("JFD") will today name its latest rescue submersible in a traditional ceremony to be held at Fairlie QuayScotland. 

The submersible has been custom built around JFD's Deep Search and Rescue ("DSAR") 500 class platform which draws on the company's unrivalled experience in submarine rescue operations and participation in rescue exercises worldwide. On completion of the trials programme DSAR-6 will be delivered to Singapore and integrated with the recently launched mothership "Swift Rescue" which was built by JFD's joint venture partner, Singapore Technologies Marine (STM)

Together JFD and STM have formed First Response Marine Pte Ltd, a 50:50 joint venture company which will provide a comprehensive submarine rescue service to the Republic of Singapore Navy. DSAR 6 and Swift Rescue are on schedule to enter service in spring 2009.

The naming ceremony comes just three months after a similar ceremony for the Republic of Korea Navy's "ROKS DSRV II" which this week successfully completed sea acceptance trials off the coast of the city port of Busan, South Korea. ROKS DSRV II will enter service on schedule following a formal ceremony on December 22nd where Roger Chapmanvice chairman of James Fisher Defence, will represent the company.

Mr Simon Harris, Managing Director of James Fisher Defence, said:

"This ceremony marks an important milestone for our company and for this project. We are grateful to the Defence Science and Technology Agency working on behalf of the Republic of Singapore Navy for entrusting us with the design and construction of this new submersible and the 20 year service to follow".

Commenting on the partnership, Rear Admiral Tan, Chief of Staff of the RSN said:

"The partnership between JFD and STM is a win-win solution which will allow the RSN to tap into the deep domain expertise and best practices in the industry to provide a reliable and cost effective submarine rescue service to the RSN"

-ENDS-

Editor's Notes

James Fisher Defence

James Fisher Defence was established in January 2005, bringing together the defence sector activities of James Fisher and Sons plc including those of James Fisher Rumic which was formed in 1984 and was acquired by James Fisher and Sons in 2002. In recent years the company has increased the scope of its activities providing submarine rescue hardware and services to navies worldwide.

In December 2006 James Fisher Defence Limited was awarded a contract to supply a new rescue submersible to the Republic of Korea Navy (ROKN). This followed the successful supply of a new dry mating skirt for the existing ROKN rescue submersible, LR5K.

In November 2006 JFD signed an agreement with the Government's Defence Sales Agency to acquire the operating assets of the UK submarine rescue service in order to provide submarine rescue services to other nations.

In August 2005, the rescue of the seven Russian submariners drew on the support from the RAF, the US Navy and local Russians to fly the team and equipment from its Renfrew base, transport it to a waiting ship, secure it to the vessel and reach the offshore location within 36 hours. It took about 5 hours to cut the discarded fishing nets which had trapped the mini-sub called the Priz at a depth of 625 feet off Russia's far eastern Kamchatka peninsula. This was achieved amid estimates that the Russian submariners had less than 10 hours of air left. The team was also previously mobilised for the Kursk submarine disaster in 2000.

James Fisher and Sons plc

James Fisher & Sons plc, the parent company to James Fisher Defence, is a market leader in the provision of technical engineering solutions in the marine environment with its business divided into four divisions: Offshore Oil Services, Marine Oil Services, Specialist Technical Services and Defence.

Singapore Technologies Marine (ST Marine)

ST Marine, ST Engineering's marine arm, provides turnkey building, repair and conversion services for a wide spectrum of naval and commercial vessels. In shipbuilding, it has the proven capabilities to provide turnkey solutions from concept definition to detailed design, construction, on-board system installation and integration, testing, commissioning to through-life support. It has also established a track record in providing high engineering content shiprepair and ship conversion services for a worldwide clientele. Please visit www.stengg.com.

ST Engineering is an integrated engineering group providing solutions and services in the aerospace, electronics, land systems and marine sectors. Headquartered in Singapore, the Group reported revenues of $4.49b in FY2006. With a market capitalisation in the region of $10b, it ranks among the largest companies listed on the Singapore Exchange. ST Engineering has more than 17,000 employees worldwide, and over 100 subsidiaries in 20 countries and 35 cities. Please visit www.stengg.com.

* * *

Media Contacts

Simon Harris

Managing Director

James Fisher Defence

Tel : +44 (0)141 886 1985

Fax: +44 (0)141 886 6263

E: s.harris@james-fisher.co.uk 

Rob Webster

Business Development Manager

James Fisher Defence

Tel : +44 (0)141 886 1985

Fax: +44 (0)141 886 6263

E: r.webster@james-fisher.co.uk

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
NRAFGMMZLVVGRZM
Date   Source Headline
18th Mar 20147:00 amRNSAcquisition
4th Mar 20147:00 amRNSFinal Results
28th Jan 20149:00 amRNSAcquisition
17th Dec 20137:00 amRNSBlock Listing Six Monthly Return
4th Dec 20133:55 pmRNSDirector/PDMR Shareholding
14th Nov 20137:00 amRNSInterim Management Statement
8th Nov 20134:12 pmRNSDirectorate Change
24th Sep 20137:00 amRNSDirector Shareholding
28th Aug 20134:05 pmRNSDirector/PDMR Shareholding
20th Aug 20137:00 amRNSSale of Foreland and Acquisition of Osiris
20th Aug 20137:00 amRNSHalf Yearly Report
26th Jul 20137:00 amRNSAppointment of Non-Executive Directors
17th Jul 20137:00 amRNSRedefinition of business segments
1st Jul 20137:00 amRNSJames Fisher wins contract for Total
28th Jun 20137:00 amRNSTotal Voting Rights and Share Capital
27th Jun 20133:44 pmRNSDirector Shareholding
12th Jun 20134:11 pmRNSAdditional Listing
12th Jun 20134:09 pmRNSAdditional Listing
7th Jun 20131:44 pmRNSDirector Shareholding
3rd Jun 20137:00 amRNSForth Crossing Bridge Constructors-Contract Award
31st May 20137:00 amRNSTotal Voting Rights and Share Capital
22nd May 201312:19 pmRNSDirector/PDMR Shareholding
20th May 20137:00 amRNSAward of contract - Dounreay Site Restoration Ltd
3rd May 20132:30 pmRNSResults of Annual General Meeting ("AGM")
2nd May 20137:00 amRNSInterim Management and AGM Statement
11th Apr 20139:40 amRNSNotification of Directors' Interest in Shares
9th Apr 20133:22 pmRNSNotification of Directors' Interest in Shares
26th Mar 201312:46 pmRNSDirector Shareholding
25th Mar 201312:00 pmRNSDirector Shareholding
6th Mar 20137:00 amRNSFinal Results
6th Mar 20137:00 amRNSACQUISITION OF DIVEX LIMITED
20th Feb 20137:00 amRNSNotice of Results
20th Dec 20127:00 amRNSSale of The Railway Engineering Company Limited
4th Dec 20127:00 amRNSNotice of Investor Day
14th Nov 20127:00 amRNSInterim Management Statement
4th Sep 20124:42 pmRNSHolding(s) in Company
3rd Sep 20123:50 pmRNSTotal Voting Rights and Share Capital
31st Aug 20121:45 pmRNSDirector/PDMR Shareholding
21st Aug 20127:00 amRNSHalf Yearly Report
18th Jul 20123:41 pmRNSNotice of Results
25th May 20122:22 pmRNSDirector Shareholding
11th May 201210:27 amRNSHolding(s) in Company
3rd May 20124:23 pmRNSAnnual Information Update
3rd May 20123:54 pmRNSResults of Annual General Meeting ("AGM")
3rd May 20127:00 amRNSInterim Management and AGM Statement
10th Apr 20123:22 pmRNSNotification of transactions of directors
3rd Apr 201211:55 amRNSDirector Shareholding
30th Mar 201212:29 pmRNSDirector Shareholding
22nd Mar 201211:11 amRNSNotification of Directors' Interest in Shares
21st Mar 201212:36 pmRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.