RCS - Harland & Wolff - Contract Win - Heavy Lift Vessel

Harland & Wolff groupAnnouncement

01/08/2023 07:00

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RNS Number : 8135H  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 £0.80
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
(http://www.harland-wolff.com/)   or contact:

 

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

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

 Arun Raman, Chief Finance Officer       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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