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

eToro Strengthens Crypto Portfolio with Zengo Acquisition

Deal expands eToro's offerings in the cryptocurrency sector.Highlights: eToro is acquiring crypto wallet Zengo to expand its services.The...

Revolut Launches Platform to Streamline Overseas Talent Hiring

Revolut's new service aims to simplify global recruitment for businesses.Highlights: Revolut launches a platform for hiring overseas talent.The...

Revolut Strengthens Business Recruitment Platform in New Markets

The fintech giant expands its offerings targeting recruitment needs globally.Highlights: Revolut enhances its platform for business recruitment.The expansion...

UniCredit Selects Slate to Strengthen Retail Investment Services

The partnership aims to enhance digital investment options for customers.Highlights: UniCredit partners with Slate for enhanced retail investment...