The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Https://m-en.yna.co.kr/view/AEN20240402009500320
Austal have regulatory concerns on Hanwha's offer but are saying if these can be overcome they are ope to discussions.
Https://lngprime.com/asia/philippe-levy-to-lead-hanwha-oceans-offshore-business/108792/
Https://www.tradewindsnews.com/shipyards/hanwha-ocean-hires-philippe-levy-to-help-grow-offshore-business/2-1-1618731
See FPSO mentioned
Same here Stokey
https://www.navalnews.com/naval-news/2023/08/hanwha-ocean-to-raise-1-5-billion-usd-to-fuel-strategic-growth-in-maritime-defense-solutions/
Hanwha Ocean To Raise 1.5 Billion USD To Fuel Strategic Growth In Maritime Defense Solutions
"The new funding will enable Hanwha Ocean to proactively respond to escalating global security needs through strategic expansion into the global maritime defense market. This initiative is driven by the company’s commitment to harness unmanned and advanced technology, and to establish secure overseas production bases. These measures come at a time of increasing geopolitical tensions, which have triggered a surge in defense budgets worldwide. Over the next decade, the global warship and naval vessel market is projected to grow to $986 billion, and as part of this growth, Hanwha Ocean plans to tap into the global submarine and surface ship market, which is estimated to be worth up to $243 billion."
Hanwha looking for overseas shipyards. H&W and Hanwha interested in similiar product markets.
Https://www.marinetraffic.com/en/ais/home/shipid:3380256/zoom:13
Https://www.marinetraffic.com/en/ais/home/shipid:3380256/zoom:13
I think the cruise ship Ambition is docked alongside the new deep ferry terminal but the map does not yet show the terminal.
H&W Arnish is to the right.
Https://www.msn.com/en-za/news/world/uk-must-raise-military-spending-or-risk-grave-consequences-warns-defence-industry-leader/ar-BB1kEoPJ
Worth a read of complete article, partial extract below
David Lockwood, Chief Executive, Bab ock
This is not just about increasing a percentage – we need a mindset shift away from the historic laissez faire approach, which has led to delayed capabilities and hollowed out capacity, to long-term resilience which can deliver increased availability and ensure the security of supply chains.
It will take time but the failure to act could have grave consequences for our future security.
As a leading global power, Britain should always be on the front foot when it comes to the security of our nation.
The best time to do this was 15 years ago as global threat levels began to increase. The second-best time is now.
David Lockwood OBE is president of ADS, the UK trade body for the defence, aerospace, security and space sectors.
LinkedIn Malcolm Groat, H&W Chairman
All those involved should be proud today. At a time when so much of what’s happening in the world is rubbish, we are making proper history. Thank you to everyone in NI and beyond for your support
Fins Up! Our Margaritaville at Sea Islander crew is turning Belfast into a tropical paradise as our ship undergoes an exciting transformation. CEO Chris Ivy is on deck, witnessing our Islander come to life in the coolest color of the seven seas and so is our amazing crew .
As Jimmy Buffett once said, 'If life gives you limes, make margaritas. 🍹We make the sun shine in Belfast with our radiant blue.
Stay tuned for more updates and gett ready for the sail away together! #MargaritavilleAtSea #TransformationUnderway
Nice photo of the paintwork being done in Belfast drydock
Https://www.gov.uk/government/news/farming-and-construction-vehicles-set-for-hydrogen-powered-revolution
A switch to cleaner technology will allow construction and farming, 2 key parts of the economy, decarbonise faster.
New regulations, set out in a consultation launched today, would allow hydrogen-powered tractors, diggers and forklifts to be used on roads in Great Britain. The consultation will run for 4 weeks, closing on 24 April 2024.
Https://www.gov.uk/government/news/government-holds-first-meeting-of-the-hydrogen-propulsion-manufacturing-taskforce
Includes Wrightbus
It was great to welcome Paul Givan MLA, Northern Ireland's Minister for Education, to Harland & Wolff yesterday.
His visit marked the launch of H&W's 2024 Belfast schools work experience and internship programme.
We're looking forward to deepening our work (alongside Northern Ireland Maritime & Offshore) with the NI Executive to open young peoples’ minds to the potential of a future career in the shipbuilding and marine engineering industries.