UK's Harland & Wolff Group hits 1-month high on up to $90 mln contract

Harland & Wolff group

31/07/2023 11:21

** Shares of Harland & Wolff Group Holdings Plc  HARL.L 
rise as much as 12.8% to 12.80p, their highest since June 30
    ** The company focused on infrastructure projects and
physical asset lifecycle management says it got a Notice to
Proceed for the mid-life upgrade and dry docking of a large
vessel for a project expected to be worth 60-70 mln pounds
($77.1-90 mln)
    ** Co says it will use its drydock in Belfast, the largest
in the UK, for the project; vessel is expected to be there for a
period of five months through early 2024
    ** Shares at session high, trimming YTD losses to more than
17%

($1 = 0.7780 pounds)

 (Reporting by Aby Jose Koilparambil in Bengaluru)
 ((abyjose.koilparambil@thomsonreuters.com))