RCS - Harland & Wolff - Consortium to design green tugs

Harland & Wolff groupAnnouncement

13/06/2023 15:30

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RNS Number : 5937C  Harland & Wolff Group Holdings PLC  13 June 2023

 

13 June 2023

RNS Reach

Harland & Wolff Group Holdings plc

("Harland & Wolff" or the "Company")

Consortium to design green tugs for the UK & Export market

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 as part of its continued business
development, it has entered into Heads of Terms with Macduff Shipyards Limited
("Macduff"), Kongsberg Maritime Limited ("Kongsberg") and Echandia AB
("Echandia").

The four parties will come together to create a UK consortium with a common
vision to develop and build a zero emissions harbour and coastal tug.  The
envisaged tug will be 25.5m long, have a breadth of 12m, and a draught of
4.85m along with an impressive bollard pull for its size at 50 tonnes. The
proposed tug is expected to have Azimuth stern drives and a series of modular
battery banks.  The consortium will consist of Harland & Wolff as project
lead and builders, Macduff Ship Design as designers, Kongsberg for propulsion
and vessel control systems and Echandia as battery and electrical control
systems specialists. This consortium has been put together to bring the very
best technologies and skills required to deliver this pioneering green design.

The consortium will utilise innovative design combined with proven battery and
propulsion technologies with the aim to deliver a zero-emissions vessel that
will utilise electric propulsion from stored battery power for day-to-day
operations, backed up by generators driven by biofuel for exceptional
operations or when shore charging support is unavailable.

The consortium believes there is a significant number of such vessels of
smaller and larger designs and capabilities that will be required in the
coming decade. Additionally, the technologies deployed are scalable to enter
into the CTV and SOV markets in due course. This development is not altering
the Company's current forecasts but the Board believes that being part of this
consortium demonstrates the standing that the Company has in the market and
represents a significant opportunity for the future.

John Wood, Group Chief Executive Officer, Harland & Wolff comments: "As
part of our ongoing commitment to fully embrace the UK National Shipbuilding
Office's aims and in our drive to Net Zero, we are pleased to have put
together this consortium.  Not only are these the first vessels of this type
to be designed and constructed in the UK, but they also provide firm
foundations for the build of various vessels requiring this type of technology
in the future.  We are delighted by the initial feedback that we have
received from potential clients and look forward to seeing these vessels come
to life in our shipyards."

 Harland & Wolff Group Holdings plc                    +44 (0)20 3900 2122

 John Wood, Chief Executive Officer                    investor@harland-wolff.com (mailto:investor@harland-wolff.com)

 Seena Shah, Head of Marketing & Communications        media@harland-wolff.com (mailto: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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