Franmarine
- Company typePrivate
- Founded1981
- HeadquartersPerth, Australia
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Franmarine does
Franmarine is a privately-held Australian marine and underwater services company founded in 1981 and headquartered in Henderson, Perth, with a permanent East Coast operations base in Banksmeadow, Sydney established in May 2021 under the Sovereign Industrial Capability Priority (SICP) programme. The company provides turnkey underwater asset management to the Defence, Shipping, Infrastructure and Resource industries, with a portfolio covering biofouling management, ROV inspection and intervention, commercial diving, salvage and emergency response, mooring design/installation/maintenance, marine infrastructure construction support, and a fleet of purpose-built vessels for hire. Service delivery is anchored by MarineStream™, a proprietary AI-enabled, blockchain-based enterprise resource planning platform that integrates 4K imaging, sonar, GPS/USBL positioning, subsea laser scanning and 3D photogrammetry data into unified digital records for inspections, cleaning, maintenance and compliance tracking, and which has been under development for 14 years.
The business operates primarily on long-term, quote-based professional services contracts with defence primes and government agencies, supplemented by vessel hire (hardware revenue) and project-based salvage and emergency response work. Major customers and partners include the Royal Australian Navy, the Royal Navy (HMS Astute in Perth under AUKUS), the Royal New Zealand Navy, Babcock Australasia (A$10 million contract, April 2024), Fremantle Ports (multi-year in-water hull cleaning pilot with Svitzer and DPIRD oversight, 2025), and SAIPEM (ultra-deepwater drilling ship hull cleaning campaign). Go-to-market combines direct enterprise sales through Perth and Sydney offices with channel partnerships via defence primes (Babcock) and strategic collaborators (Rovtech Solutions for the VALOR ROV platform, announced May 2026 at IODS). Franmarine is DISP-cleared, SICP-designated, ISO 9001/14001/45001 certified by DNV Group, and reports zero reportable injuries since 1981 — credentials that are prerequisites for sovereign naval sustainment work and that create a regulated barrier to entry.
Franmarine firmographics
Firmographics- Name
- Franmarine
- Legal name
- Franmarine
- Website
- https://franmarine.com.au
- Company type
- Private
- Founded year
- 1981
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
Franmarine industry classification
Industry- Product category
- Underwater and Marine Asset Management Services
- NAICS
- Ship Building and Repairing (336611), Support Activities for Water Transportation (4883)
- SIC
- Ship & Boat Building & Repairing (3730)
- akta.pro primary industry
- Underwater Hull Inspection, Cleaning & Propeller Services (TLAKAKAJ)
- akta.pro secondary industries
- Underwater Inspection, Maintenance & Repair (UWILD, Diving/ROV, In-water Cleaning) (IMAJAFAJ), Marine Service Provider Coordination (Diving, Inspection, Class/Survey Support) (TLAHAJAI), Marine Systems Commissioning, Testing & Certification Support (TLAKAKAM)
Keywords
Where Franmarine is headquartered
LocationHeadquarters
- HQ city
- Perth
- HQ country
- Australia
- HQ region
- Oceania
Offices2 records
Markets served
Franmarine business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others
Revenue model
- Defence Underwater Sustainment: Comprehensive underwater sustainment services for Royal Australian Navy and allied forces including biofouling management, inspection, repair, and lifecycle asset management. Revenue from long-term contracts with defence primes and direct government engagements.
- Commercial Shipping Services: Biofouling management, hull cleaning, inspections, repairs, and maintenance services for commercial and industrial shipping fleets. Services include ROV inspections, propeller repairs, thruster maintenance, and lifecycle sustainment programs.
- Salvage and Emergency Response: 24/7 emergency salvage and rescue services including ship recovery, wreck removal, oil spill response, and rapid remote location deployment. Project-based revenue from emergency and planned salvage operations.
- Vessel Hire: Fleet of purpose-built vessels for hire in Sydney and Perth including dive support vessels, workboats, and multi-role craft. Vessels crewed by experienced professionals for defence operations, port services, and marine infrastructure projects.
- Mooring Services: Comprehensive mooring solutions including design, installation, inspection, maintenance, and emergency repairs for defence vessels, commercial fleets, and offshore infrastructure across Australia's coastline and remote regions.
- Marine Infrastructure Services: Integrated maintenance and construction services for critical marine infrastructure including ports, jetties, bridges, and sea walls. Combines topside and underwater engineering expertise.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom project-based pricing |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Franmarine product offering
Product offeringCore offering
Franmarine delivers turnkey marine and underwater services across biofouling management, ROV inspection, commercial diving, salvage and emergency response, mooring design and maintenance, vessel hire, and marine infrastructure construction. Its proprietary MarineStream™ AI-enabled, blockchain-based platform standardises, tracks, and audits all underwater operations, anchoring an integrated lifecycle approach for Defence, Shipping, Infrastructure, and Resource clients across Australia and overseas.
Product overview
Franmarine is a diversified Australian marine and underwater service provider offering a portfolio of specialist services to Defence, Shipping, Infrastructure, and Resource industries. Its core proprietary technology is MarineStream™, an AI-enabled, blockchain-based underwater asset management platform that integrates inspection, cleaning, maintenance, and compliance data across all service lines. MarineStream™ is combined with field operations including biofouling management, ROV services, commercial diving, salvage and emergency response, vessel hire, moorings, infrastructure services, and shipping support — making Franmarine the only genuine turnkey provider of lifecycle underwater asset management in Australia.
Differentiator
Problem solved
Functional benefit
Brands
- MarineStream™: AI-enabled, blockchain-based enterprise planning (ERP) platform for underwater asset management, inspection, and compliance tracking.
Products and services
- MarineStream™ MarineStream™ is Franmarine's AI-enabled, blockchain-based enterprise planning (ERP) platform for underwater asset management. It standardises, tracks, and optimises subsea operations including inspections, cleaning, maintenance, and compliance, providing real-time remote access, immutable digital records, and integrated 4K, sonar, and sensor reporting for Defence, commercial shipping, infrastructure, and resource clients.
- Biofouling Management Holistic in-water hull cleaning and biofouling management services for naval, commercial, and resource operators. Includes MarineStream™-powered biofouling management plans, niche-area cleaning, invasive marine species treatment, and fleet-wide governance to ensure regulatory compliance with Australian and international biosecurity standards.
- Defence Underwater Sustainment Sovereign underwater sustainment services for the Royal Australian Navy and allied forces. Covers lifecycle underwater sustainment, biofouling management, underwater engineering and repair, inspection, survey, and ROV intervention delivered as a DISP-certified provider with SICP designation.
- Remotely Operated Vehicle (ROV) Services Specialised ROV fleet for underwater asset inspection, hull and tank cleaning via magnetic crawler systems, accurate data capture and 3D modelling (GPS, USBL sonar, subsea laser scanning, 3D photogrammetry), salvage and emergency response, and marine pest monitoring, all integrated with MarineStream™ reporting.
- Salvage & Emergency Response Critical 24/7 salvage and rescue services covering ship and vessel recovery, wreck removal, componentry salvage, oil spill response, anchor recovery, rapid remote-location response, classified item recovery, and submarine rescue support.
- Vessel Hire Diverse fleet of purpose-built vessels for hire in Sydney and Perth, supporting marine, diving, and civil construction operations. Crewed by experienced professionals and deployed for defence operations, port services, and marine infrastructure projects; fleet includes Day Break, Azimuth, Trojan III, Kwilana, Punt, Eclipse, Kitty Cat, Dusk, Integrity III, Seagull, and Rohani.
- Moorings Services Comprehensive mooring services including custom design and engineering, installation and deployment, inspection and maintenance, specialist solutions such as Easy Rider systems and vertical anchoring, buoy and seabed services, and emergency support for defence, commercial, and resource operators.
- Infrastructure Services Integrated maintenance and construction services for marine infrastructure including inspection and assessment (diver/ROV, WSCAM, environmental surveys), corrosion management, pile and seawall repairs, jetty and bridge refurbishment, dredging, and specialist non-destructive testing (UTT, ACFM) for ports, jetties, bridges, and sea walls.
- Shipping Services Tailored underwater services for commercial and industrial shipping fleets covering biofouling management, inspections and surveys (Class-approved), repairs and maintenance (stern tube bearings, propellers, thrusters), underwater engineering, lifecycle sustainment, and emergency response.
- General Marine Services Fully integrated general marine services supporting Defence, government, and commercial operators including topside support, qualified crew provision, vessel and barge charter, bollard and fender installation, construction support, plant and equipment hire, security vessels, vessel traffic management, towage, and rapid incident response.
Quantifiable outcome
- Delivered simultaneous underwater ship husbandry to 4 RAN platforms (surface and submarine fleets) across both coasts in single day
- +4 more outcomes
Companies that use Franmarine
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles4 records
Franmarine technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability6 records
Feature5 records
Franmarine partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- Rovtech SolutionscoreUK-based Rovtech Solutions signed strategic collaboration agreement with Franmarine to accelerate deployment of VALOR remotely operated vehicle (ROV) platform into global defence and sovereign naval markets. Partnership announced at Indian Ocean Defence & Security Conference (IODS) 2026 in Perth. VALOR showcased with integrated Mine Countermeasure (MCM) skid configuration. Alignment with AUKUS Pillar II objectives around unmanned maritime systems and remote operations.
- Fremantle PortscoreMulti-year pilot agreement for commercial in-water hull cleaning services at Port of Fremantle following independent scientific assessment against Australia's biofouling management framework. Initial 12-month term with two potential one-year extensions. First commercial in-water cleaning operation in Western Australian waters against national standards.
- SvitzerminorJoined Fremantle Ports pilot as industry partner, demonstrating maritime sector commitment to practical biofouling management solutions that protect Australian waters and contribute to decarbonisation objectives.
- Babcock AustralasiacoreLong-term strategic partnership delivering sovereign naval sustainment capability for Royal Australian Navy. Grew from initial collaboration to A$10 million contract (April 2024) covering major surface ships on both coasts. Joint development of MarineStream™ blockchain-enabled biofouling management system. Collaboration provides platform for technology export and further sovereign capability development.
- O2 MarineminorIndependent marine science and environmental consulting services provider. Conducted scientific assessment of Franmarine's cleaning and capture system against draft national standards in partnership with Fremantle Ports and DPIRD.
- Department of Primary Industries and Regional Development (DPIRD)coreWestern Australian government department providing biosecurity advice and oversight for biofouling management pilot. Essential to both initial assessment and pilot agreement approval. Collaborative approach demonstrates practical model for implementing national biofouling guidelines.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Franmarine competitors and assessment
Company assessmentDirect peers
- HullWiper: HullWiper is a UAE-based specialist in remotely operated, capture-filter in-water hull cleaning and biofouling management - the same niche service category that Franmarine addresses globally with its capture-system technology.
- Underwater Construction Corporation: UCC provides commercial diving, marine infrastructure repair and inspection services to ports, bridges and waterfront structures - overlapping directly with Franmarine's infrastructure services and dive capabilities.
- Subsea Industries: Subsea Industries (Belgium) markets the Hull Biologist and Ecospeed coating/cleaning systems used for in-water hull cleaning and biofouling management, making it a direct service-and-technology competitor to Franmarine's biofouling capability.
- Global Diving & Salvage: Global Diving & Salvage is a US commercial diving, marine construction and salvage contractor with a similar mix of inspection, ROV, marine infrastructure and emergency-response work to Franmarine.
- Ardent Global: Ardent Global (formerly Titan Salvage) specialises in marine salvage, wreck removal and emergency response worldwide, giving it a directly comparable service line to Franmarine's 24/7 salvage and emergency response capability.
- Neptune Marine Services: Neptune Marine Services is a long-standing Australian commercial diving and subsea inspection, repair and maintenance provider, directly competing with Franmarine on Australian underwater ship husbandry and offshore infrastructure work.
Broad incumbents
- Fugro: Fugro is a global marine site characterisation and asset integrity services firm with extensive ROV-based inspection operations, sharing Franmarine's underwater inspection and survey service line at significantly larger scale.
- MMA Offshore (Mermaid Maritime): MMA Offshore is a larger ASX-listed Australian marine services group with subsea, ROV, vessel and inspection offerings across the same Defence, shipping and offshore customer base as Franmarine.
- McConnell Dowell: McConnell Dowell is a major Australian marine and civil infrastructure contractor delivering port, jetty and bridge construction - a closely adjacent business to Franmarine's marine infrastructure and construction support services.
- DOF Subsea: DOF Subsea is a global subsea contractor operating ROV fleets and vessel assets for inspection, intervention and IRM work, providing broader-scale subsea services that overlap with Franmarine's ROV and offshore intervention offering.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
Franmarine social profiles
Digital presenceFranmarine compliance and trust
Trust signalCompliance3 records
Franmarine financial estimates
Financial estimateRevenue estimate
Valuation estimate
Franmarine leadership team
Management profileNumber of profiles
Profiles6 records
Franmarine funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Franmarine M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Franmarine
What does Franmarine do?
Franmarine delivers turnkey marine and underwater services across biofouling management, ROV inspection, commercial diving, salvage and emergency response, mooring design and maintenance, vessel hire, and marine infrastructure construction. Its proprietary MarineStream™ AI-enabled, blockchain-based platform standardises, tracks, and audits all underwater operations, anchoring an integrated lifecycle approach for Defence, Shipping, Infrastructure, and Resource clients across Australia and overseas.
Is Franmarine a public or private company?
Franmarine is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Franmarine founded?
Franmarine was founded in 1981. It employs 51 to 100 people.
Where is Franmarine based?
Franmarine is headquartered in Perth, Australia, in the Oceania region.
How does Franmarine make money?
Six revenue lines are on record. Defence Underwater Sustainment is the primary driver. The others are commercial Shipping Services, salvage and Emergency Response, vessel Hire, mooring Services and marine Infrastructure Services.
Who are Franmarine's main competitors?
Direct peers on record are HullWiper, Underwater Construction Corporation, Subsea Industries, Global Diving & Salvage, Ardent Global and Neptune Marine Services. Broad incumbents are Fugro, MMA Offshore (Mermaid Maritime), McConnell Dowell and DOF Subsea.
Does Franmarine have an API?
No public API is recorded for Franmarine.
What industry is Franmarine in?
Franmarine's product category is Underwater and Marine Asset Management Services. Its primary akta.pro industry code is TLAKAKAJ, Underwater Hull Inspection, Cleaning & Propeller Services, with a secondary code of IMAJAFAJ, Underwater Inspection, Maintenance & Repair (UWILD, Diving/ROV, In-water Cleaning). Its NAICS code is 336611 and its SIC code is 3730.