The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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JW ...good move contracts pending??
Interesting RNS this could be a significant as a former First Sea Lord will have a number of important contacts within the MOD. Also being a NED at Carnival is likely to be helpful.
Whitdawn is a bunkering vessel, run by Whitaker Tankers (one of my former clients). I would assume she is heading to Belfast to gas up another ship.
The Oil Products Tanker Whitdawn is arriving at SRQ 07.20 tomorrow. It is currently scheduled to leave 20.00 on Thursday. Information taken from the traffic expected tab on the Belfast Harbour website.
Well Beautrident is in Scotland all the way from Taiwan to dock at Methil at 4am lets hope it has plenty of steel onboard?
https://www.vesselfinder.com/vessels/BEAUTRIDENT-IMO-9369306-MMSI-253767000
GLA
Just seen this interesting LinkedIn oat from JW https://www.linkedin.com/posts/activity-6830801333122039808-xNWR
The text of the post is
Great to welcome another new GM to the business, Toms appointment marks a major milestone as we move from our reactivation phase in to operations across all sites.
I note it says operations across all sites but we have heard nothing about Arnish. The next scheduled update is end of next month. Before then I am having a couple of days in Belfast I will post my holiday snaps when I get back.
We are pleased to announce the appointment of Tom Hart as General Manager at our Appledore site. Tom joins following a series of upgrade works at the site and as the site has become fully operational.
Tom has impressive international project, operations and construction management experience and will bring this wealth of knowledge to the role across our five markets and full lifecycle of six services.
https://lnkd.in/gJyEC26z
Link:
https://www.linkedin.com/feed/update/urn:li:activity:6830771902269796352/
Harland & Wolff Careers Harland & Wolff Careers 421 followers 4d • 4 days ago
Follow
We are hiring!
Due to our continued growth, we are currently seeking to hire the following roles:
• Pipefitters
• Machinists
These two roles are based at our Belfast site and would be full-time permanent positions.
If you are interested in either roles or would like further information, please contact our recruitment team at linda.mckee@harland-wolff.com
#recruitment #hiring #team #growth #careers
Edit: An example of the recruitment & the reason - 'Due to our continued growth'
Linda McKee Assoc CIPD 3rd degree connection 3rd
Recruiter at Harland & Wolff
https://www.linkedin.com/in/linda-mckee-assoc-cipd-01a2b5b7/
Edit: Looking at the above LinkedIn account H&W are clearly recruiting for staff on a daily basis.You only recruit if you have an expanding work line.Please check out the various positions being sought & make what you will of it.Next RNS ???????
Also mentions The Francisca is expected the day after The Beautrident, currently in the Baltic.
Recently been to Denmark and Lithuania. Was checking against known Saipem European bases.
Nothing of any interest to report, as usual. :)
Chrisatrdg ref 17.10 post on double checking through the departures tab from the link in my 08.55 post the Ida was in Methil last week departing on 5 August. That is three cargo ships in a week. I note if memory is correct that the Ida was in for a couple of days.
Hi stokey12 - I have been looking at traffic into Methil for the last week & have not noticed any cargo ships going there.I strongly suspect that at least one of the vessels you mention will be carrying steel to our unit at Methil.Watch this space.
Edit: I am still waiting for that positive RNS in the meanwhile I have chucked my crystal ball.
Yes Stokey that sounds like it, ok so H&W may get something out of it .
jfk9 ref 10.07 post if this is the story you were referring to https://www.bbc.co.uk/news/uk-england-humber-58143027 then it is possible that INFA may still get work from this. The investment relates to the manufacture of the blades. As I understand it INFA is primarily looking at contracts to fabricate the jackets.
Radio 4 news this morning announced £450M order for wind turbines and equipment for Humberside company, shame not Belfast!
Can anyone living near Methil tell me how much industry is there in Methil as I notice that the Francisca is due into Port at Methil on August 12. The Beautrident is due in Port on the August 11. See this Link https://www.vesselfinder.com/ports/GBMTH001. Is this kind of traffic into the port normal?
If governments can lock us down they can pass planning for salt cavern storage irrespective of nimbis
Thanks stokey for some clarification ,the fact that it's still being held for something and the dredging ships are present clearing the depth of the channel and have been there for a few weeks now and the fact that the tenaments for sections of the Irish sea have now been completed and thousand of wind turbines will be used and will need maintenance all along the North sea coast might suggest it's going to be used by someone ,I know all about the contract si-demain as you pointed out to me a while ago but times are changing imho
Barrow may well have the same geology...but you'll get NIMBI's where ever you go.
Firstly, I guess that would depend on whether Meridian, or whoever owns the land, would let it go in isolation. And if in doing so would it stymie their chance of offering the FSRU project to another possible candidate?
And secondly, do Infa need the outlay for even more land when we seem to have a fair amount underused already?
Si_Derman ref 11.03 post you have answered one of two questions and I agree with you that my reading of the two RNSs is that INFA does not currently own the Barrow site. The second question which I am not sure you addressed is Can INFA obtain the site if a plan to utilise it is developed. My view is that this depends on whether in withdrawing from the FSRU project they also said they are not interested in the site.
The idea that Infa has an interest at Barrow has been suggested by Bubble on a number of occasions and regardless of anything in any RNS's to suggets otherwise, AFAICT, we don't.
I posted this back on 28th October last year.
"It was only a term sheet they were going to enter into for the acquisition of the FSRU project.
And conditional on final investment decision (FID) currently estimated to be taken within 36 months of the Sales and Purchase Agreement.
Although as we all know that was expected to be executed on or before 31 July 2020.
But it was updated in the Appledore acquistion RNS.
"The Company now has the possibility of tying the FSRU project into existing infrastructure, both offshore and onshore. This has the advantage of bringing project CAPEX down substantially and fast-tracking the project to FID earlier than envisaged. Further value engineering work is being conducted to determine the technical and commercial viability of such tie-ins into existing infrastructure.
Whilst the Company is keen to progress this project, it needs to ensure that all the fundamentals are in place and that it has the optimal solution to offer further LNG import capacity in the UK, which is not only technically competent but also economically viable. Accordingly, the Company shall be undertaking the various workstreams as discussed above and shall proceed to execution of the SPA in Q4. This timeline may come forward should the Company complete these workstreams ahead of time and COVID-19 travel restrictions be eased enabling access to specialists on-site. " "
Nothing regarding the SPA ever came up to the point where they said that they were no longer interested in the project.
Be happy to be proved mistaken, though. But in all recent info from the company they only mention having an interest in four sites, not five.
Having gone over my posts from yesterday if INFA did execute the SPA for Meridian Holdings there are a number of less capital intensive uses for the land than the FSRU that was originally proposed for the site. Assuming that INFA can acquire the FREEHOLD for the land the options that I can see are:
1 Lease the land to the Wind Turbine companies to use for the onshore infrastructure that is needed to support an offshore windfarm. This is the least capital intensive option as INFA would not need to actual provide the infrastructure they are only providing the land.
2 Develop and Provide harbour facilities so that the various windfarm operators can build and operate the offshore windfarms.
3 A combination of 1 and 2 this would only be feasible if the area of land in Barrow is large enough to handle the infrastructure.
The Gateway gas storage project.
Barrow has the same geology as island magee and was looked as a gas storage project in the past.