Harland & Wolff Group Holdings PLC Contract Win - Heavy Lift Vessel
August 01 2023 - 2:00AM
RNS Non-Regulatory
TIDMHARL
Harland & Wolff Group Holdings PLC
01 August 2023
RNS Reach
1 August 2023
Harland & Wolff Group Holdings plc
("Harland & Wolff" or the "Company")
Contract Win - Heavy Lift Vessel in Belfast
Harland & Wolff Group Holdings plc (AIM: HARL), the UK
quoted company focused on strategic infrastructure projects and
physical asset lifecycle management, is pleased to announce that it
has been awarded a contract to undertake repairs on the Sun Shine,
a heavy lift vessel owned by the Korean-based Pan Ocean Group.
This vessel is the first of its kind to be dry docked in the
Company's Building Dock in Belfast. The contract value is estimated
to be GBP0.80 million, and the vessel will enter the dry dock on 7
August 2023 for a period of approximately 21 days where it will
undergo a series of repairs including seal changes, steel works and
painting.
John Wood, Group Chief Executive Officer of Harland & Wolff
comments: "We are delighted to have signed this contract with Pan
Ocean and we look forward to working on the Sun Shine and
redelivering it to the client, on time and on budget. Our
reputation and recognition for handling large complex vessels in
Belfast is growing globally and this bodes well for a number of
similar outstanding bids that we have made. We expect the Belfast
yard to be busy over the course of the summer and it is pleasing to
see the momentum that is developing in the yard".
For further information, please visit www.harland-wolff.com or contact:
Harland & Wolff Group Holdings plc +44 (0)20 3900
John Wood, Chief Executive Officer 2122
Arun Raman, Chief Finance Officer investor@harland-wolff.com
media@harland-wolff.com
About Harland & Wolff
Harland & Wolff is a multisite fabrication company,
operating in the maritime and offshore industry through five
markets: commercial, cruise and ferry, defence, energy and
renewables and six services: technical services, fabrication and
construction, decommissioning, repair and maintenance, in-service
support and conversion.
Its Belfast yard is one of Europe's largest heavy engineering
facilities, with deep water access, two of Europe's largest
drydocks, ample quayside and vast fabrication halls. As a result of
the acquisition of Harland & Wolff (Appledore) in August 2020,
the company has been able to capitalise on opportunities at both
ends of the ship-repair and shipbuilding markets where there will
be significant demand.
In February 2021, the company acquired the assets of two
Scottish-based yards along the east and west coasts. Now known as
Harland & Wolff (Methil) and Harland & Wolff (Arnish),
these facilities will focus on fabrication work within the
renewables, energy and defence sectors.
In addition to Harland & Wolff, it owns the Islandmagee gas
storage project, which is expected to provide 25% of the UK's
natural gas storage capacity and to benefit the Northern Irish
economy as a whole when completed.
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