Harland & Wolff Group Holdings PLC - London-based fabrication company serving maritime and offshore industries from yards in England, Northern Ireland and Scotland - Says in advanced stage of pursuing opportunity to build and operate two ferries between Penzance and the Isles of Scilly in Cornwall, England. After three years of design and costing for the boats, Harland & Wolff now will apply for levelling up funding from the UK government. Levelling up funds encourage economic development outside of London. Will seek to operate the ferry route for an initial five-year period, with options for five-year extensions. Notes the current vessel operating the passenger ferry to Scilly, the Scillonian III, was built at Harland & Wolff's Appledore shipyard, which is in neighbouring Devon. Cautions there is no certainty the ferry opportunity will be brought to financial close.
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By Tom Waite, Alliance News editor
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Harland & Wolff (HARL)