RE: Why is Harland & Wolffs Future So Bright.16 Jun 2024 11:37
6. Floating structures.
Harland & Wolff’s extensive dry dock facilities and substantial fabrication capabilities allow them to handle large-scale maritime and offshore projects. These facilities are well-suited for constructing and assembling floating pontoons, which require significant space and specialized infrastructure.
Case in Point.
Subject to agreeing final contract pricing and concluding commercial negotiations, the Directors believe that this project could generate total revenues between £100 million - £120 million over a two-year period, with works on the project expected to commence this year. The FIPASS project involves the build, transport and installation of four floating pontoons of approximately 90 metres each in the Falkland Islands. Conditional on the award of the final contract, the Company intends to spread the work across its multiple facilities in order to provide optionality and de-risk the fabrication of these pontoons.
So thats another £120m plus towards our £500m per year turnover target and Footsie 250 entry. We are on the way.