RE: LinkedIn post yesterday8 Apr 2020 11:53
Good find Humpalumps - full details below:
John WoodJohn Wood • 3rd+CEO at InfraStrata Plc. H&W (Belfast) Ltd19h • Edited • 19 hours ago
What a time to acquire a shipyard !
If I had a crystal ball would we have acquired the assets of Harland and Wolff back in December 2019 ?. Whilst COVID-19 is having a devastating effect around the world, I can see light at the end of the tunnel, so the answer is a definite yes!
We have made a good start undertaking numerous dockings in a short period of time, building new relationships and are earning a reputation for delivering quality projects within time and budget, whilst earning our forecasted margin.
With 70% of drydocking’s being affected globally, early indications are that shipyards are in for a very busy Q4 and 2021. We have seen a substantial increase in requests for docking dates particularly across Cruise & Ferry along with the offshore market.
We continue to review the yard footprint, thus ensuring we have the optimal set up to get the maximum flow through the yard, opportunities continue to pick up in the Defence and Renewable Sectors.
Our facilities remain open, vessels continue to arrive and depart. We have enhanced protection measures in place for our staff and clients alike, we like you are looking forward to returning to some kind of normality in the coming weeks.