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Just seen this on LinkedIn about the Wind Europe Conference last week Harland & Wolff 35,635 followers

27m •

Last week, our Energy team travelled to Spain for the #WindEurope2024 Conference in Bilbao.

The team enjoyed a week of meetings, workshops and presentations and were impressed by the innovation and progress that is being driven across the industry.

With advanced design engineering and construction skills, our facilities allow us to offer competitive tailor-made solutions for our partners across the energy and renewables industries.

Find out more about Harland & Wolff’s Energy capabilities at:

https://lnkd.in/daRWi_YZ

LSE03 ref 10.34 post Interesting I note that the weighting for social value is the minimum under current policy.

I note that the original decision to replace the ferry was made in November 2022 and over a year later theyare nowhere near issuing a tender at this rate it wll be at least two years from original decision to tender. As this is an urgent requirement I would have thought a decision on the full business case would have been done by now. This highlights the need for an overhaul on how approvals are given for major projects.

Ref 18.03 post this is the article I had in mind https://www.australianmanufacturing.com.au/aml3d-inks-2-2m-contract-with-austal-usa-for-largest-arcemy-system/

LSE03 ref 17.42 post I remember once suggesting that H&W Technology looks at a similar product that could be used for shipbuilding. Memo to myself check on what is happening on this.

ForrestGump ref 07.57 post look on the good side the Women's 6 nations Rugby starts this weekend so the better rugby side will be performing.

Just came across this on LinkedIn. I note that he does seem to stay for a long time. Gareth Ingram Financial Controller H&W (Belfast)

1w •

I’m happy to share that I’m starting a new position as Financial Controller at Harland & Wolff!

https://www.linkedin.com/feed/update/urn:li:activity:7173002892012834818/

LSE03 ref 11.03 Can I correct you what the Leader of theHouse said was that an application for a debate would be well attended. This is not the same as granting a debate it would be for the backbench business committee to grant one. Although Penny Mordaunt all but told the Backbench Business Committee to allow one. So I would expect one after Easter.

Si_Derman ref 14.22 post the problem is that under the current parliamentary rules there are limited opportunity for backnemch MPs to secure a debate. They can apply for a adjournment debate which will secure them a half an hour debate at the end of the day or they can apply for a Westminster Hall Debate which can be for up to 90 minutes. On very rare ocassion the government might agree to a debate in government time for a debate. The only otherb alternative is a backbench debate that would need to be agreedwith the Backbench Business Committee. This last one is the best opportunity as these are on the floor of the House.

Bridgedogg1 ref 06.21 post due to the currency of the loan and the currency in which the existing debt facility are in is not the same your first point is incorrect. Last time I did the conversion the existing debt package is around 43% of the loan. Your second point is questionable as in all the export related contracts currently being worked on eg SeaRose FSPO, MAS Islander the client would be eligible for funding under the direct lending scheme. Also you need to remember that the scheme under which the guarantee is being given is to help develop the ability to export so it is more likely to be used for CAPEX.

Engaging with them young just seen this post form post from HARL . The text says

'Last week, members of the Harland & Wolff team attended the Developing the Young Workforce (DYW) business breakfast for Fife and local areas.

Attended by companies such as Diageo, SQA (Scottish Qualifications Authority) and the Royal Navy. The event showcased the manufacturing and engineering businesses operating in the region.

Visitors included S3 schoolchildren (aged around 14) and teachers from local schools.'

The link to see the photos is https://www.linkedin.com/feed/update/urn:li:activity:7176246139044679680/

For those of you who are interested we have questions to the Defence Ministers on Monday. The full list of questions can be found here https://commonsbusiness.parliament.uk/Document/86309/Html?subType=Standard#anchor-3

I note three MPs are asking ' What recent assessment he has made of the effectiveness of the defence procurement system.'

Two including Selanie Saxby the member of North Devon are asking 'What steps his Department is taking to support defence jobs'

Keir Mather is asking 'What steps he is taking to end the hollowing out of the Armed Forces'

If anyone else notices any intereesting question let me know.

LSE03 ref 13.05 post I wonder whether they will pull their finger out and make a decision on whether they are going to do this before or afterTeam Resolute starts to build the Ships.

Bubble2021 ref 12.43 post would this not happen just before the begining of the tax year in April?

Kaeren ref 08.24 post in the 29 December 2023 RNS it states 'In order to ensure that the proposed loan facility is compliant with the relevant rules where UKEF was to provide a 100% guarantee to UK commercial lending banks ("Banks"), UKEF will now appoint an independent third party to ascertain an appropriate premium over SONIA. This process will commence in January 2024.' So the process to start to work out the premium over SONIA was not going to start until January of this year. We do not know as a fact where we are in the process in agreeing what the premium over SONIA. I also note that UKEF was appointing the independent third party so we do not know how long that process is or when it was completed.

Bubble2021 ref 07.32 post The current debt finance with Riverfort if I recall correctly is SOFR +9% which based on the current SOFR equals to 12.39%. The proposed debt finance is SONIA+ the plus part is what is being argued over. But in neither case is the interest rate pegged to the inflation rate so a drop in the inflation rate would not lead to automatically to lower interest payments. I note in this respect that the SONIA and SOFR rates have remained the same for the last six months.

Bubble2021 ref 18.42 post As it is 20 years old and is not fully certified according to the report I am not sure that C alMac would be interested as they have a backlog of ferries that need maintaining. As for HARL who can say.

LSE03 ref 17.20 post thanks for this I recall that there was a comment on a post by JW on LinkedIn that seemed to imply that the delay in soughting out the debt package is delaying some institutional investors. It was not if I recall stated that starkly but that was certainly the impression I was left with.

Si_Derman ref 08.38 post thanks for the links. I am now confused as CPD only works with the public sector the reference to HARL is confusing. As the NI Executive was not restored until 3 February my suggestion is unlikely to be the case. That would seem to leave only one conclusion and that consideration is being given to some kind of award to HARL. I would not be surprised if it turns out to be a direct award.

Kaeren ref 21.15 post If I was to hazard a guess then it is probably the advice or connected to it about which funding route is the most appropriate for IM. I know Consuela does not believe that the Executive would fund IM but I am not sure.