Fugro Trading update Q1 2022

Strong revenue and backlog growth

Improved EBIT and cash flow

  • Revenue increased by 23.3% supported by high client demand in energy and infrastructure markets
  • Overall margin improvement in a seasonally weak quarter
  • Free cash flow was negative EUR 7.2 million; a significant year-on-year improvement
  • 12-month backlog is up by 27.8% to EUR 1,164 million
  • Outlook full-year 2022: continued revenue growth and further margin expansion.


Mark Heine, CEO: “We experience...


NIWA-Nippon Foundation Tonga Eruption Seabed Mapping Project a “rare opportunity” to study effects of Tonga eruption

London, 1 April 2022 – NIWA and The Nippon Foundation are undertaking a mission to discover the undersea impacts of the recent Tongan volcanic eruption.

In a rare opportunity to improve understanding of the nature and impact of a major volcanic eruption, NIWA scientists are sailing to Tonga to survey the ocean around the Hunga-Tonga Hunga-Ha’apai (HT–HH) volcano and surrounding regions. They will be surveying thousands of square kilometres of the seafloor and collecting video images of the...


Seabed 2030 enters agreement with the UK Hydrographic Office

Peter Sparkes, Chief Executive at UKHO (left) and Jamie McMichael-Phillips, Seabed 2030 Project Director 

London, 18 March 2022 – The Nippon Foundation-GEBCO Seabed 2030 Project has today signed a memorandum of understanding (MOU) with the UK Hydrographic Office (UKHO), which will see the parties work together to advance the industry’s understanding of ocean bathymetry, and in support of the Decade of Ocean Science for Sustainable Development.

Seabed 2030 – a flagship programme of the Ocean...


Dry and Wet Markets “calibrate” in a mysterious way alike Geopolitics and Covid

John Faraclas

The BDI (Baltic Dry Index) was down three points since yesterday and now stands at 2,588… Ukraine: calling everybody’s bluff… Covid spreads; the fourth doze please… John Faraclas brief daily recap:

The Capes’ BCI was down 28 points and now stands at 2,604…

The Panamaxes’ BPI was up three points at 2,850…

Supras’ BSI  doing well as well as Handies’ BHSI at 2,892 – plus 16 and 1,620 – plus 19 points respectively…

This is what I call a Dry Market calibration… watch this space!

The Wets...


Dry and Wet Markets lose steam; the despicable developments in Ukraine are far from over and a permanent Peace, a midsummer’s night dream. Covid strikes back…

John Faraclas

Midweek Market blues as BDI fells under 2,600 points threshold and Wets follow suit. Ukraine is the biggest set up and actors involved do not know their role as the script was too complicated… Shame, shame, Shame… Covid’s resurge will cause more mess. John Faraclas’ brief midweek recap:

The BDI (Baltic Dry Index) was down 98 points and now reads 2,591…

The Capes’ BCI was down 191 losing both the 2,700 and 2,800 points threshold and now stands at 2,632…

The Panamaxes’ BPI was down 99...


Dry and Wet hiccups. Peace by all means for Ukraine; there is no “or else”. Mind Covid’s surge…

John Faraclas – picture by ecopack77

The BDI (Baltic Dry Index) lost its 2,700 points threshold, as Panamaxes fall was proportionally …substantial. Wets’ “strange” fall continues. Peace in Ukraine MUST be restored here and now, otherwise all this set up is the biggest crime against humanity. There is no “or else”; I mean counter and punishment against all aggressors. Wonder under which proviso protocols and measures are lifted and simultaneously Covid re-surges. John Faraclas’ brief daily recap:



A Red Letter Oi 2022 opening day for the SUT and the MTS

A Red Letter Oi 2022 opening day for the SUT and the MTS

Captain Don Walsh to join the Ocean Futures opening conference session at Oceanology International

·   Captain Don Walsh at Oi 2022 to present the SUT/MTS Award made in his name to Victor Vescovo and Patrick Lahey in recognition of their contribution to ocean exploration

·   Presentation by Vescovo and Lahey – 2021 winners of the SUT/MTS Captain Don Walsh Award

·   SUT-moderated session on Women in Industry

·   A chance to find out more about...


Fugro USV Project Team wins Energy Industry Game Changer Award

Fugro USV Project Team wins Energy Industry Game Changer Award

2021 Energy Club WA Award winners, courtesy of Energy Club WA

Fugro’s Blue Essence uncrewed surface vessel (USV) has been awarded the Energy Industry Game Changer Award at the 2021 Energy Club WA Award, an initiative of the Australian Institute of Energy (AIE). The award is presented to an individual or team who have made an outstanding contribution to the energy industry resulting in significant advancement of the industry’s...


Fugro’s vision technologies provides safer and more efficient offshore installation and decommissioning operations for Heerema

Fugro’s vision technologies provides safer and more efficient offshore installation and decommissioning operations for Heerema

Fugro’s remote operations centres will support Heerema to monitor operations in real-time

Fugro has signed a four-year global framework agreement with Heerema Marine Contractors for survey and positioning support services onboard Heerema’s heavy lift crane vessels. Fugro’s worldwide reach and technology offers Heerema a solid support base for their global project...


Solid 2021 results underpin Fugro’s Path to Profitable Growth

Solid 2021 results underpin Fugro’s Path to Profitable Growth

Copyright: ANP/HH/Laurens van Putten

Strong fourth quarter with growth in all regions

■  Full year revenue up 5.8% with continued diversification towards wind, infra and water at 61% of revenue.

■  EBITDA increased to EUR 175.6 million driven by Europe-Africa and Americas, and an EBIT margin of 4.3%.

■  Q4 revenue growth of 24.8% and Q4 EBIT margin of 4.3%.

■  Resilient performance due to cost control, operational delivery and early signs...


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