news
Phoenix in on Deepwater Maintenance Projects
Phoenix International Holdings, Inc. (Phoenix) announced the award of two deepwater underwater maintenance projects in the Green Canyon area of the Gulf of Mexico. Contract work includes the removal and replacement of six non-wet mateable tension monitoring system cables on the tendons of a Tension Leg Platform (TLP), removal of fairings associated with the installation of the TLP, recovery of storm debris from the top of the hull, and replacement of rigging associated with in-situ oceanographic sensors. Proof of concept testing will be completed on the cable systems prior to project execution using in-water project mockups and the freshwater test tank located at the Phoenix Bayou Vista, Louisiana operations facility. Modifications to the concept will be made as necessary to assure actual operations hours are kept to a minimum. The offshore work will be conducted in water depths of 80-175 fsw, and use a combination of surface-supplied diving and Phoenix' HARDSUIT Atmospheric Diving System. Both projects will be supported by the M/V Anne Candies, a 240 ft. DP II vessel on long term charter to Phoenix from Otto Candies, LLC of Des Allemands, Louisiana.
Email: rkeith@phnx-international.com
Axsys Reports Results
Axsys Technologies announced financial results for the first quarter ended March 28, 2009. During the first quarter of 2009, Axsys generated sales of $66.6 million, compared to $56.4 million in the first quarter of 2008. Net income was $7.0 million or $0.61 per diluted share, up from $5.1 million or $0.45 per diluted share in the first quarter of 2008.
First Quarter Financial Highlights
· · ·
Sales increased 18% to $66.6m; Gross margin was 33.1% ; Operating margin improved to 16.4% from 14.2%; · Net income increased 37% to $7.0m; · Backlog increased 3% year over year to $162.1m. The Surveillance Systems Group's sales increased by 17% compared to the same period of the prior year due to continued demand for a variety of camera systems, with the strongest demand in the areas of landbased perimeter security and airborne surveillance. The Imaging Systems Group's sales grew 19% year over year driven mainly by an increasing demand for infrared lenses and military-grade motion control products. "Our quarterly financial results continue to demonstrate the strength of our business and the growing demand for leading-edge intelligence, surveillance, reconnaissance and tar-
Superior Energy Services Named to Fortune 1000
Superior Energy Services, Inc. has been named to the 2009 Fortune 1000 list of the nation's largest companies, announced Terry Hall, chairman and CEO. Superior ranked No. 933 with revenues of more than $1.8 billion. This is the company's first appearance on the magazine's annual Fortune 1000 list. Based in New Orleans, Superior is one of six Louisiana companies recognized and one of 19 oil and gas services companies. Superior was also named No. 15 on Fortune's 2008 list of the Top 100 Fastest-Growing Companies after ranking No. 54 on the same list in 2007. Superior Energy Services is a single-source provider of production-related services, rental tools and liftboats worldwide. Superior's "bundled services" approach gives customers increased efficiency for faster project completion, less risk of downtime, greater scheduling control and the opportunity for cross-trained personnel to maximize use of equipment and rental tools.
www.superiorenergy.com 20 MTR
May 2009
You don't have Macromedia Flash Player installed.
This content requires the Macromedia Flash Player.
Get Flash
es.marinelink.mobi
www.marinelink.com