RE: "Game on"8 Aug 2020 12:29
Given that I got dog's abuse before even posting, I really couldn't be bothered!
I have nothing positive to say about the purchase of H&W; as I have always maintained, the only chance of its survival will be in the form of public money, however it may be dressed up. Perversely, circumstances may have increased this likelihood. I have experience of shipyards and shipping, albeit somewhat oblique, it is incredibly difficult to make money from a facility like H&W without public backing. I also refute the claim that INFA got H&W for a steal; valuing such a facility is incredibly subjective - how, for example, would one value the cranes? To me, they are worth scrap value alone. H&W will be bleeding cash at the moment, changing the tyres on the odd ferry or cruise ship isn't going to cut it. There is a reason for no news...
INFA, for me, has always been about Islandmagee. I have to remain optimistic that the marine licence will be granted, followed by an injection of public money for this "shovel-ready" project. Again, current circumstances make this more likely, although the more time drags, like everyone else here, the more concerned I become about the granting of the licence. Remember that 9 short months ago, no-one here would have imagined that INFA would buy H&W and we were all invested in a potential gas storage facility. It seems that the focus here has moved away from Islandmagee when, in my view, it is the true prize.
I don't know enough of the FSRU project to comment, although things seem to have gone eerily quiet on that front...
The lack of formal communication from the company is nothing short of a disgrace and is contemptuous of the shareholders.
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