Member Info for stokey12

From the Villa Vie Residences LnkedIn page is this story from CNN https://edition.cnn.com/travel/villa-vie-odyssey-perpetual-cruise/index.html The opening photo is of the drydock at HARL.

I do not think that HARL has anything to worry about whoever wins the next general election. Ben Murray has done a good job in building relationships with MPs from both sides.

There are rumours that a general election is to be called in the next few days. Hopefully this will not impact on the EDG.

Jimmcdee ref 13.05 post thanks for that did you notice Jeremy Hunt's I am trying to workout what it meant. At a guess he lost the argument.

I have been in a Teams meeting all morning so I was unable to listen to it but did anyone catch what was said at this morning's evidence session?

RichardMcV ref 08.29 post very interesting indeed considering how close they are to MoD thinking.

This from UK Defence Journal through https://ukdefencejournal.org.uk/progress-on-fleet-solid-support-ships/ The related twitter thread can be found here in case you want to read the comments https://x.com/UKDefJournal/status/1792888628160385262

This has just been posted by HARL on LinkedIn. I am not sure who the speaker is but he seems to have the name of the event wrong as it is the Combined Naval Event 24 not the Royal Navy 2024.

Harland & Wolff

'It's been a very busy morning at hashtag#CNE24 and our team has been speaking with delegates and exploring how we can support their requirements across the defence sector.

Please stop by and visit Tom and the team!'

The link to watch the short video is https://www.linkedin.com/feed/update/urn:li:activity:7198653815179333633/

Evidence session tomorrow at 9.30am with the Defence Procurement Minister giving evidence. Depending on what he says we might see an uplift in the share price. If that does happen not sure how long it will hold.

LesInvest ref 09.56 post In your post quoting me in part you state 'On the guarantee being for ‘general working capital that must be related to helping win export orders’ I think the proposal was to use it to pay back riverstone? ' The proposed use of the £200m loan which would be guaranteed by UKEF is to repay the $115m Riverfort loan. As the loan would come at an interest rate of SONIA+ compared to SOFER +9. (I might have the name of the rate wrong come to think about it). There will be a saving on interest payments which would free up funds to use in gaining export orders. Therefore the repayment of the Riverfort loan is consistent in my view with the terms of the EDF guarantee.

'I think what is concerning a lot of people (myself included) is that despite having ‘ring fenced’ a separate company on paper, how do you in any meaningful way decouple the two businesses if one is reliant on the other. Is the ferry business going to continue trading if HARL folds? No. Therefore, ring fenced or not, the ferry business is reliant on UKEF funding.' How do you come to the conclusion that they are reliant on each other? They have separate management structures the only commonalties are the directors and shareholders but they are separate companies and are operationally independent of each other as far as I am aware. If anything was to happen with HARL there is the option of a trade sale.

Bridgedogg1 ref 08.34 post But the government is not funding the ferry business. As the guarantee is coming from an export agency as I said last week while it can be used for general working capital that must be related to helping win export orders.

Scaffman ref 06.00 post The only issue I have with this is the exposure that HARL has to a claim for breach of Article 10 ECHR.

This is from UK Defence Journal looks like more industrial action might be comig soon in a critical defence area https://ukdefencejournal.org.uk/clyde-nuclear-naval-base-workers-balloted-for-strike/

I have just seen this comment on the LinkedIn post by Arun

Andrew Jameson Global Head of Decommissioning and Closure @ Worley

And yet you firmly rejected utilising the facility to become the UKs premier offshore and ship recycling yard!

Generation of income and employment declined!!

Complete nonsense

I am not sure about what is stated in this comment but I suspect thaat if there was any rejection it would be because it would restrict the use of Belfast for shipbuilding and renewables.

I have just responded to Tim Kempster's post on LinkedIn on this thread. It counters the bunch of horse manure he posted.

Arun has posted a very long defence of HARL on LinkedIn. I have commented that he should do a similar article for one of the nationals. Unfortunately the post is too long for me to do a cut and paste I also have to get back to my Teams meeting. The link is https://www.linkedin.com/feed/update/urn:li:activity:7198250183770406912/

Bubble2021 ref 06.06 post I am sure he said a few weeks. I am expecting something to time with the accounts being published at the end of June.

Belfast Harbour website is showing Odyssey as deoarting at 21.30 tonight. Interestingly there have been suggestions that she is not due to depart from dry dock until 30 May. When I did a 60 day query of expected traffic no return date was showing for her. There are two possibilities either she is out for sea trials and the harbour master has not been informed of the return date or HARL has completed the work early. Not sure which so take your pick.

Consuela ref 23.22 post Seeing as you criticised JW from the ignorance of basic company law you did not exhibit your business acumen.

This is the second episode of the documentary from Villa Vie Residences documenting the work on the Odyssey. Rather confusingly it concentrates on the Chief Engineer as they move from Scotland to Belfast. The first episode covered the arrival at drydock in Belfast. At 12.05 you hear the Chief Engineer explain one of the things that will need to be done in drydock.

https://www.youtube.com/watch?v=OEbUxHdrns4