Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
LSE03 thanks for this unfortunately it raises almost as many questions as it answers. Chief amongst them is how is this being funded. It says that the HARL (Marine Services) has grown to five freight vessels but when I checked on vesselfinder only the Valonia and the Terramere, which is now approaching Appledore, are showing as HARL vessels. I presume at some stage we will get an update.
NigelHaemoglobin ref 13.02 post This post might actually be useful when doing bids. She can give advice on the Social value part of the bid. Depending on the tender this can count for upto 20% of the tender.
I think this counts as a senior appointment. This time coming to HARL from Airbus. https://www.linkedin.com/feed/update/urn:li:activity:7186984219745689600/ In commenting on her post she said.
🎉 A New Chapter Begins! ✈️ 🛰️ à 🛳️ 🚢
After a remarkable 15 years at Airbus, where I had the privilege of working with incredible people and amazing products, I’m thrilled to announce that I’ve embarked on a new adventure!
This week I joined Harland & Wolff as Group Head of Social Value and Diversity, Equity, and Inclusion – from Space to the Sea! This role supports H&W’s ongoing commitment to making a difference in our communities, fostering an inclusive culture, and driving social value in every aspect of our work. A massive thank you to my new colleagues for the warm welcome, great introduction to the maritime industry and some inspiring views in both London and Belfast.
A heartfelt thank you to everyone at Airbus for the memories and experiences. Here’s to new beginnings! 🌟
hashtag#NewJob hashtag#Leadership hashtag#SocialValue hashtag#DiversityAndInclusion
Pioneering twenty-first century offshore and maritime engineering - Harland & Wolff (harland-wolff.com)
Just seen on twitter from National Shipbuilding Office list of procurement opportunities https://twitter.com/UK_NSO/status/1780972825571966982
Consuela ref 22.34 post It seems that unlike me you are unable to separate your opinion on JW with the ability of HARL to perform on their contracts. As far as I am aware other than the Saipem Contract HARL has never failed to complete a contract and HARL has had some rather, in my view, complex contracts. I have in mind the Jack Up Platform. You need to bear in mind that JW is not the one doing the actual work. Lookng at the quality of the senior managers and the contacts they bring to thier jobs I am reasonably confident that HARL wouold be able to complete their contracts.
One thing I noted in the Minister's reply he said 'In this instance, UKEF support has already secured over €200 million of UK content into this project' Assuming that the guarantee and the loan does not relate to any previous work then that would indicate that a major contract is being negotiated. The reason for this assumption is that you would not require a loan to do work related to a past contract. Also it would explain the aproval of a 100% guarantee. I would also observe that in relation to the other contracts including the SeaRose the client could have obtained funding direct from UKEF to pay HARL.
AimMaster2018 ref 13.19 post you have to recall that the original hearing was by a single Judge of the High Court. The appeal was heard by three Judges of the Court of Appeal. You need two of the three to agree for a decision. Also any deision would be a binding precedent so they would be looking at not only the case before them but future cases where a similar point arises. That being the case taking more time is not unreasonable.
Bubble2021 ref 11.13 post not sure which of my posts on this topic you were referring to but as there are only three prime contractors in Northern Ireland the call for a strategic partnerships would include of necessity HARL.
Si_Derman ref 11.03 post may I most respectfully partially disagree with you in that Professor Taylor did make one brief mention of Navantia. I agree with you about the comment made by Professor Taylor that if HARL fails on FSS that would be the end for defence shipbuilding in Northern Ireland.
Here is this from one of the DUP MPs on the committee https://mydup.com/news/mod-must-maximise-potential-of-nis-defence-sector
Consuela ref 09.31 post with your clear anti HARL views you would say that. The point made by Professor Taylor at around 1.18 does not support your interpretation in my view. His points were firstly that the capaicty may not be and HARL may not be able to recruit the numbers needed. This is not anything new it is in fact one of the items on thenrisk register. The second point is that due to the size of the contract and its importance MoD should in a supportive way monitor the delivery contract and be ready to give help if needed. I note the example that he gave was the Ajax where the MoD let the contract then just left the contractor to it. Clearly with the problems that Ajax has had that was the wrong approach.
Consuela ref 19.48 post I think if I recall you are referring to the witness from the RUSI. The witness from ADS Northern Ireland did not say that. Also they referred to the three Primes in Northern Ireland Spirit Aereosystems, Thales and HARL. The thrust of the evidence certainly from ADS Nortern Ireland is that work to the SMEs flows from the three primes. In short they were arguing for work to go to HARL.
Also while the RUSI representative did refer to FSS assembly as a big challenge he did not say that HARL would not succeed it comes down to the preparations for the contrract.
AimMaster2018 ref 18.23 post I would refer you to the Fundin message thread from this morning. Whether you go with my calculations or Kaeren's calculations there is no need for an equity raise for the forseeable future that I can see. Excluding normal business revenue HARL is likely to receive loans and investment in excess of £300m. None of this will require an equity raise.
The recording from this morning's session of the Northern Ireland Select Committee can be found here https://parliamentlive.tv/event/index/205f6c19-4ad4-4d54-b4c3-a02b20625011 HARL was given an early mention.
Xenor ref 13.19 post I am not sure that is always the case. Not that it did them any good, I recall that Sirius Minerals did go from AIM to the FTSE250 based on what looking back on it was a weird valuation. So it is possible to do but I would be inclined to say wait until the markets are more favourable.