MMG Ocean Collaboration and Investment Partnership with Ocean Kinetics – will drive growth in the Blue Economy
Killybegs Marine Engineering company MMG Ocean has announced a significant strategic investment & strategic partnership with major Shetland marine engineering specialist Ocean Kinetics.
This collaboration will lead to an expansion of facilities and jobs at MMG Ocean, and it creates a partnership that will drive innovation and growth in the marine engineering sector in Ireland, Scotland, and Internationally.
Shetland-based Ocean Kinetics’ investment in the Killybegs-based company follows the two businesses’ past collaboration on a number of successful projects, including an innovative clean energy storage system for the aquaculture sector and the construction of marine grade metal frames for deployment in offshore wind developments.
The new partnership is also proving to be mutually beneficial with work being referred across the two businesses. For example, a contract with US company LDX for specialised high quality cooling filters which were fitted at the Intel Leixlip semiconductor facility in Ireland relied on Ocean Kinetics’ expertise and facilities for the manufacture of these high spec components, while MMG Ocean’s gangways have been installed on the Shetland pelagic fishing fleet vessels Antares, Charisma, and Zephyr, and another will be installed on Antarctic II which is currently being built in Astilleros Zamacona, Bilbao, Spain.
Managing director of Ocean Kinetics, John Henderson, said: “We are really excited about our partnership with MMG Ocean, which brings together Ocean Kinetics’ extensive industry experience, market reach, and resources with MMG Oceans’ innovative product development, expertise, and access to European markets. It undoubtedly underscores the synergy between the two companies and positions us as industry leaders across a range of sectors.
“Building from an established relationship, we now have a solid base from which to expand our reach and create transformative engineering solutions that bring genuine innovation to the marketplace.”
Managing director of MMG Ocean, Martin McGuiness, said: “Our collaboration with Ocean Kinetics opens up immense opportunities, and we believe that our partnership will give us the capacity to expand and deliver a much wider offering than each of us currently has.
“Fusing the design expertise and production capacity of both companies gives us the ability to fulfil major contracts in renewables, energy, marine, aquaculture and fisheries, decommissioning, power, and utilities sectors across the UK, Ireland, Europe, and beyond.
Ocean Kinetics, which has been operating since 1992, are experts in engineering, with specialisms including fabrication in steel, stainless and aluminium, machining and fabrication, inspection and testing, as well as other services, including rope access, specialist diving, and underwater works such as jetty refurbishment and cathodic protection. The company has workshops and design offices in Shetland, Aberdeen, and Orkney, and a sales office in Oban.
MMG Ocean are experts in coded welding and marine fabrication – also working in steel, stainless steel and aluminium. MMG has a dedicated focus on quality and innovation, providing innovative, sustainable, engineering solutions, products, and services to the marine, aquaculture, fishing, and energy sectors – to ISO and DNV standards.
In 2018 MMG secured a European and US patent on its leading product, MMG Ocean Gangway Systems®, which features a unique folding mechanism designed to provide customised, automated safe gangway access to vessels (at all tidal ranges) in fishing, ferries, workboats in all offshore and inshore sectors.