Our Maritime Transport reporting division
James Fisher's Maritime Transport businesses provide products, services and solutions to the global marine market.
Maritime Transport Division results
Statutory operating profit/(loss) (£m)
Underlying operating profit (£m)
Return on capital employed (%)
2023 Divisional performance
Although revenue declined by 6% in 2023, to £157.2m, the Division was focused on profitability and underlying operating profit was up c.23% to £23.3m.
Highlights included:
- Delivery of two new, dual-fuel vessels, the Sir John Fisher and Lady Maria Fisher
- Secured largest UK tankships contract renewal with Phillips 66
- Strong LNG STS demand globally coupled with strong demand for oil STS in Brazil
The Division continues to play a key role in the critical supply of energy and petrochemicals, alongside alternative fuels, including liquefied natural gas (LNG). This resulted in a strong performance during the year, with high utilisation levels across tankships, alongside a key contract extension with a major UK customer. As part of the Company’s fleet replacement programme, James Fisher took delivery of two new, dual-fuel vessels, which will underpin the Company’s ESG commitments. The STS business maintained its global market-leading position in STS transfers and performed well in the first half of the year, particularly in Brazil. There is continued opportunity to integrate the business further and identify synergies from which to grow the customer base.
Sign up to regulatory news services (RNS) alerts from James Fisher and Sons plc (LSE: FSJ).
Our latest news
Discover the latest stories from across James Fisher
James Fisher completes its largest decommissioning project to date
Read articleJames Fisher secures its first tidal energy project in Anglesey, UK
Read articleJames Fisher secures commissioning contract worth over one million pounds at Zhong Neng offshore wind farm in Taiwan
Read articleJames Fisher and Tokyo Gas Engineering Solutions sign a Joint Collaboration Agreement to deliver offshore wind Operations and Maintenance services in Japan
Read articleFull Year Trading Update for Year Ended 31 December 2023
Read articleAppointment of Independent Non-Executive Director
Read articleJFD secures contract with TechnipFMC enhancing portable hyperbaric rescue capability and global support of diver safety
Read articleJames Fisher christens Lady Maria Fisher in vessel naming ceremony at Port of Sunderland
Read article