TEK-Ocean: Awarded artificial reef installation project

TEK-Ocean Awarded artificial reef installation project

  • Subcon Blue Solutions has selected TEK-Ocean Group (T3K) for an artificial reef installation project off the coast of Victoria
  • TEK will be responsible for installing 16 artificial reef structures as part of the project which aims to enhance the fish biodiversity and fish stocks for local fishers
  • Chairman Brendan Brown said this contract marks a major milestone for its growth and expanded offering in environmental activities
  • Prior to the award, TEK completed the five-year recertification for TEKOcean Spirit along with the installation of the 60T offshore crane
  • Company shares closed down 5.26 per cent at 36 cents
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Keye Launches AI Co-Pilot for Private Equity Due Diligence

A game-changing tool to enhance efficiency in investment evaluations.Highlights: Keye introduces an AI-powered co-pilot for due diligence.Streamlines the...

Regulators Urged to Prioritize Gen AI Threats Over Quantum Computing Risks

Insights on the evolving regulatory landscape in fintech and AI.Highlights: Exchange Association emphasizes urgency on Gen AI regulatory...

Cryptocurrency Scam Losses Surge to $17 Billion in 2025, Fuelled by AI

Analysis reveals AI-driven schemes are escalating crypto fraud incidences.Highlights: Losses from cryptocurrency scams reached $17 billion in 2025.AI...

Alpaca Surges to Unicorn Status in Fintech Landscape

A landmark achievement showcasing fintech innovation and disruption.Highlights: Alpaca reaches a valuation exceeding $1 billion.The firm specializes in...