Bhagwan Marine

Bhagwan Marine Completes Acquisition of Riverside Marine.

Today marks a transformational milestone as we officially welcome Riverside Marine, a business with 100 years of marine experience.

This acquisition strengthens Bhagwan Marine’s service offering, diversifies our operations across commodities and geographies and enhances our recurring revenue base - all while supporting sustainable earnings growth.

A big warm welcome to all Riverside Marine teams! We’re thrilled to have you join our team and look forward to achieving great things together.

Read the official ASX announcement here: https://tinyurl.com/ykycm6wz

Loui Kannikoski (Founder & Managing Director), Andrew Wackett (Executive Director – Finance), and Mark Annand (Chief Operating Officer) are on Rottnest Island today attending the Euroz Hartleys Institutional Investor Conference.

This afternoon, Loui is presenting to institutional investors, focusing on the transformative Riverside Marine acquisition and the strategic value it brings to our long-term growth and diversification.

We extend our thanks to the Euroz Hartleys team! It’s always a pleasure to visit Rottnest mid-week. 🏝️

Presentation materials are available via our InvestorHub: https://investors.bhagwanmarine.com/announcements/7449201

As a key event on our annual calendar, EXA - Energy Exchange Australia provides a valuable opportunity to engage with our clients and partners, while also connecting with new industry peers across the energy sector.

With a long-standing presence at the event - and a history of award winning stands, our team looks forward to continuing the conversations that matter and showcasing the capability and experience Bhagwan Marine brings to the future of the energy sector and sustainable project delivery across Australia.

𝐀𝐥𝐤𝐢𝐦𝐨𝐬 𝐔𝐧𝐝𝐞𝐫𝐰𝐚𝐲
Bhagwan Renegade towing the Pilbara 400 to site from our Henderson base WA, supporting early marine works for the Alkimos Seawater Desalination Plant.

The 31m EuroTug is operating off the WA coast alongside 20m crew transfer vessel Sea Stryder as construction activities commence.

Recent feedback from site has recognised the high standard of ex*****on, professionalism and coordination demonstrated by the Bhagwan Marine Team during the initial phase of works - a solid foundation as this project gets underway.

Bhagwan Marine is supporting the Alkimos Seawater Alliance (Water Corporation, Acciona and Jacob’s)in the delivery of critical water infrastructure for Western Australia.

More details: https://tinyurl.com/8zjxmxxd