tiprankstipranks

Seasystems Secures Major FLNG Anchoring System Contract

Story Highlights

Confident Investing Starts Here:

The latest announcement is out from Scana ASA ( (DE:1MP) ).

Scana-owned Seasystems AS has secured a significant contract to deliver an anchoring system for a Floating Liquefied Natural Gas project, reflecting its expertise in mooring solutions. The collaboration, initiated in early 2023, underscores Seasystems’ position as a leader in the mooring segment and highlights the value of its advanced technologies in the maritime industry.

More about Scana ASA

Scana ASA is an industrial owner specializing in technology and services for the energy and offshore industries, with a history tracing back to the early 1900s. It is headquartered in Bergen, employs over 600 people, and is known for innovation and quality in several niche markets. Seasystems, a subsidiary, provides mooring solutions for floating structures and offers services like project management and engineering.

YTD Price Performance: -10.0%

Average Trading Volume: 1,417

Technical Sentiment Consensus Rating: Hold

Current Market Cap: €103.1M

See more data about 1MP stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App