Harland and Wolff to go into administration
Belfast shipbuilder Harland and Wolff (AIM:HARL) has announced the business is set to move into administration.
Belfast shipbuilder Harland and Wolff (AIM:HARL) has announced the business is set to move into administration.
The business secretary has turned down the crisis-hit shipbuilder's application for £200m in aid.
UK government swithering is putting offshore and maritime engineering firm Harland & Wolff at risk, say reports.
Harland & Wolff has secured a fabrication contract supporting a major oil services firm on global subsea projects from its yard at Arnish.
Harland & Wolff has confirmed a multimillion pound contract award for work upgrading the SeaRose floating production vessel stationed off Newfoundland.
“Like all businesses, we face challenges - from procurement cycles to wage and energy inflation - but the worst of the inflationary effects would appear now to be behind us, and we look forward to increasing our margins as we build out our rapidly growing order book.”
Developers of a major gas storage project in Northern Ireland have claimed victory after a judicial review rules in favour of the scheme.
GMB also accused Harland & Wolff of not paying its bills, and even failing to provide toilet paper for workers at the troubled site.
Dozens of workers at a Scottish fabrication yard are facing redundancy, less than two years after a major green jobs boom was touted for the site.
Fabricator Harland & Wolff (H&W) (LON: HARL) has cancelled diversification plans that would see it become a renewables developer, and will focus instead on its core markets of fabrication and maritime work.
Harland & Wolff has been given the green light to push ahead with a “vital” gas storage project that could help to ensure security of supply in the UK.
The owner of fabrication yards in Arnish on Lewis and Methil, Fife has launched a search for a new chairman after the company announced the current incumbent was stepping down from the role.
Campaigners on the Isle of Lewis are calling for “safeguards and guarantees” that the Arnish yard will benefit from future work secured by its new owners.
London-listed InfraStrata has signed of a letter of intent with Triumph Subsea Services for the construction of two wind farm development vessels at its Harland & Wolff shipyard in Belfast.