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Bhagwan Marine Ltd. ( (AU:BWN) ) has shared an update.
Bhagwan Marine Limited has secured a six-year contract extension with the Port of Melbourne, valued at approximately $6 million annually, extending their partnership until June 2030. This contract, which began in 2019, highlights Bhagwan’s strong operational performance and positions the company for further expansion into emerging markets like oil and gas decommissioning and offshore wind.
More about Bhagwan Marine Ltd.
Bhagwan Marine is a national Australian marine solutions company offering a wide range of services in ports, nearshore, offshore, and subsea locations. It serves industries such as oil and gas, subsea, port, civil construction, renewables, and defence. Known for its adaptability and proactive approach, Bhagwan Marine is strategically located across Australia to be close to its clients’ assets and operations, ensuring high service levels and contributing to a sustainable future.
YTD Price Performance: -28.57%
Average Trading Volume: 273,998
Technical Sentiment Signal: Strong Buy
See more insights into BWN stock on TipRanks’ Stock Analysis page.