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.
This has been posted on LinkedIn. When you look up Global Marine Travel and also the fact that the Founder was on this visit one wonders what was the purpose of the visit. Text of the post is:-
Global Marine Travel 3,448 followers 14 hours ago
'Founder & Managing Director, Tim Davey, and GM North America & Head of Global Sales, chris podolsky, pay a visit this week to Harland & Wolff shipyard in the Port of Belfast, Northern Ireland.
Harland & Wolff stands as the originating site of the renowned Titanic, and it's their historical expertise, fused with cutting-edge technology, that has profoundly influenced the evolution of the maritime sector as we know it today.
This 81 acre shipyard was developed to be able to take some of the world’s largest vessels, and is well-served by two local international airports and seaports. The three ships seen here are: SeaRose FPSO, Margaritaville, and Ville Vie. Thank you Lucy Todd for the full shipyard tour!
hashtag#HarlandAndWolff hashtag#Belfast hashtag#MaritimeHistory hashtag#Titanic hashtag#ShipyardLegacyhashtag#GlobalM'
The link to see the photos is https://www.linkedin.com/feed/update/urn:li:activity:7192175312451883009/?commentUrn=urn%3Ali%3Acomment%3A(ugcPost%3A7192175311310991360%2C7192231540519501825)&dashCommentUrn=urn%3Ali%3Afsd_comment%3A(7192231540519501825%2Curn%3Ali%3AugcPost%3A7192175311310991360)&origin=COMMENTS_BY_YOUR_NETWORK
Currently on Tuesday there will be a general debate on defence. This was due to have taken place about a month or so ago but emergency legislation needed to be rushed through so it was dropped. If I was too guess the following is likely to be raised.
Defence Spending in Northern Ireland
Service accomodation
AJAX
Defence procurement.
Due to a prior engagement I would not be able to watch the debate so can somebody let me know how many of these topics do get mentioned.
This update from UK Defence Journal shows progress on the Type 26 programme. Looks like a tight race as to whether FSS or the Type 26 will be finshed first. https://ukdefencejournal.org.uk/a-breakdown-of-the-progress-of-each-type-26-frigate/
Just read this on CityAM https://www.cityam.com/coutts-under-pressure-for-pulling-2bn-out-of-london-stock-market/?utm_source=CityAM&utm_campaign=d406c32868-EMAIL_CAMPAIGN_2024_05_03_05_45&utm_medium=email&utm_term=0_-d406c32868-%5BLIST_EMAIL_ID%5D It is possible that we will see some turbulence in the markets today. Not quite sure how it will affect HARL but I do not see it helping in getting a correction in the undervalue of HARL.
This from Cruise and Ferry Odyssey will depart on its cruise from Belfast and not Southamton https://www.cruiseandferry.net/articles/refurbishment-begins-on-villa-vie-odyssey-in-belfast
LSE03 ref 21.27 post I note from the article that Norway are also looking for other types of vessels in an ideal world HARL would get the opportunity to build some of these as BAe cannot logistically build all of these.
Hidden in the questions and answers was perhaps some good news for HARL. The Minister answering on I believe it was two ocassions said that the additional money for defence will be spent over all of the United Kingdom which would include Northern Ireland. While some of the spend would probably go to Thales and Spirit Aerosystems some would probably go to HARL.
The questions and answers can be found on this link https://hansard.parliament.uk/commons/2024-05-01/debates/0D800C5A-CCED-4362-A7BA-BCD9F4511317/DefenceSpending
Posted by HW
This Sunday (May 5th) our team of local Harland & Wolff colleagues will be hitting the streets to take part in the 2024 Belfast City Marathon Relay.
The team will be running in aid of the Air Ambulance NI charity, which attends some of the most traumatic medical incidents across the province, delivering the very best possible pre-hospital critical care.
To support the team please head to the link below: https://lnkd.in/ekyPHPcM
Just seen this from UK Defence Journal https://ukdefencejournal.org.uk/uk-announces-35m-tender-for-submarine-countermeasures/
Scaffman ref 06.28 post The problem I have with your suggestion is that the Direct Lending Facility isfor HARL's clients not HARL as is clear by the reference to overseas buyers. The only thing that makes sense is if somehow the guarantee is to cover a contract or contracts falling within the defintion of environmental information under reg 2(1)(b) of the Environmental Information Regulations which covers '(b) factors, such as substances, energy, noise, radiation or waste, including radioactive waste, emissions, discharges and other releases into the environment, affecting or likely to affect the elements of the environment referred to in (a);' Although I cannot see how that could be the case. We will have to wait and see the response to my request for an internal review goes.
Today we have questions to the Scottish Ministers questions 2 and 14 made me laugh they both ask 'What recent discussions he has had with the Secretary of State for Defence on the level of defence spending in Scotland.' I did not realise that there was a problem with the level of defence spending in Scotland. May be they are concerned that if deence spending is increased in Northern Ireland they would get less.
I made a request under the Freedom of Information Act to ask for the reasoning behind the request for approval to give a 100% guarantee. I received this response.
'I refer to your request for information (set out below in italics) dated 3 April 2024, which has been
considered under the Environmental Information Regulations 2004 (EIR):
“I am writing to ask if you can provide a summary of the reasons why it was decided to
provide a 100% guarantee to Harland and Wolff in relation to Export Development Finance.
I appreciate that the full submission would probably include commercially sensitive
information, therefore. In so far as it does not include such information the executive
summary will suffice.”
In response to your request:
UK Export Finance (UKEF) holds no information in scope of your request. Discussions with
Harland & Wolff in relation to a potential loan facility under UKEF’s Export Development
Guarantee are currently ongoing.'
I am puzzled as to why the request was considered under the Environmental Information Regulations as they do not seem to apply. Looks like they just do not want to give anything away.
This was reposted by David Honeyman
National Shipbuilding Office
📢📢The UK Home Office are hosting a market engagement day on the 15th of May for the UK Border Force Maritime Capabilities Replacement Programme (MCRP).
This is an exciting opportunity for the UK’s #shipbuilding enterprise and the National Shipbuilding Office hope as many as possible can participate in the #marketengagement exercise.
🛥 This programme is for the replacement of the current fleet of five Cutters and six Coastal Patrol Vessels. More information can be found here: https://lnkd.in/dNHHMqEp
ℹ Suppliers who are interested in participating in the market engagement need to submit their expression of interest by e-mailing bfvesselsteam@homeoffice.gov.uk by 17:00hrs on 3rd May 2024 to receive your invite. Ensuring that the subject field states “C17501 – Expression of Interest – Maritime Capabilities Replacement Programme (MCRP)"
The Honourable Member for North Durham will eventually run out of questions or be voted out of office. This is the latest question from the delightful gentleman. https://questions-statements.parliament.uk/written-questions/detail/2024-04-23/23149 the translation of the answer is I am not telling.