Member Info for stokey12

Kaeren rerf 13.57 post I do not think it is a new venture more likely to be new business should see in a few months which it is.

Just noticed in my 10.42 I forgot the link to the fleet list it is here https://www.northstarshipping.co.uk/our-fleet

Scaffman ref 11.09 post thanks for pulling me up on not doing this it is bad practice. The link is https://www.linkedin.com/feed/update/urn:li:activity:7173976708532838400/

Just came acrossm this from LinkedIn Representatives from North Star Shipping were welcomed to our Belfast facility yesterday (Wednesday, March 13th).

North Star owns and operates the largest wholly UK-owned fleet operating in the UK’s offshore industry in the North Sea.

Harland & Wolff’s David Burke and Andrew Hay were on hand to provide up-close insight of the capabilities offered by our shipyard and skilled workforce, and discussed future building and ship repair projects with Alistair Nangle, Darran West and Diane Zammit from the Aberdeen-based company.

Harland & Wolff offers bespoke solutions to customers across multiple sectors with a key focus supporting the needs of the offshore industry.

I note that North Star Shipping has an extensive fleet of over 40 vessels see this link. Hopefully this visit will lead to some work on this fleet including mid life extension work.

Scaffman ref 18.11 post If you are refering to the Appeal Judges hearing the IM Appeal they cannot take it into account as it was not produced at trial.

Hebridean9 ref 11.00 post thi post seems to e contradicted by your previous post about Riverfort increasing the amount of the loan they had provided to HARL. If as you say HARL is not creditworthy why have both Barclays and Riverfort provided credit or its subsidiaries over the last six monhs or so?

Chrisatrdg ref my 10.09 post see this link https://www.gov.uk/guidance/export-development-guarantee#eligibility-criteria in particular I would draw your attention to the part that says 'Companies that do not pass the Exporter Test (including those operating overseas who plan to develop exports from the UK) can apply if they can demonstrate how the EDG will significantly develop exports from the UK. For new exporters, this would typically be 10% of turnover coming from UK export sales within 5 years.'

So this would seem to support what I was saying about needing to support exports.

I have just seen this article https://en.mercopress.com/2024/03/12/argentine-foreign-ministry-summons-british-ambassador-over-south-atlantic-moves while most of the article was complaining about the visit by the Foriegn Secretary it did include this at the end. 'Hayes was also briefed on Argentina's disapproval of the recent contract with Harland & Wolff for the construction of a new port terminal at the Falkland Islands that will be a strong competitor to the one in Ushuaia and a very attractive gateway to Antarctica.'

Chrisatrdg ref 09.52 post having read the eligibility criteria for an Export Development Guarantee I am going to partially disagree with you. The loan can only be used to help prepare or expand its export ability. I can see nothing in the conditions that would allow it to be used purely for domestic contracts tha t would not help HARL export goods. Granted it is perhaps a semantic difference as goods that are designed for the domestic market can be sold on the export market. So HARL would probably only get in trouble if they used the loan for things that was never going to be exported.

Came across this on LinkedIn it was reposted by David Honeyman and is from Thomas Rooney. The text of the post is

Thomas Rooney 3rd+ Senior Business Development Manager (Defence & Government) at Harland & Wolff

9h •

'Well, Oceanology International 2024 exceeded expectations today. Due to other commitments I only had one day at this great event so had to plan ahead. Spoke to nearly everyone I intended to, caught up with old friends, made a few new ones and had a bunch of really useful accidental conversations. Thanks to my old colleagues at Covelya Group and Sonardyne International Ltd for the beers this afternoon, good to see you all again. Now the work starts… plenty to follow up on, conversations to revisit and relationships to be fostered to further support our ambitions in Harland & Wolff

#oi24'

Bubble2021 ref 16.30 post on the link that Kaeren posted in the post that started the thread.

Kaeran ref 16.06 post I think this has been posted before but there are some new comments I believe. In particular the one from Franceco Lucchese. If the Exante he works at is this one https://exante.eu/ then that is a very interesting comment indeed.

I wonder if this omment is based on something specific or just speculation

Glen Gardner (He/Him) out of network 3rd+ Cruise Ports, Destinations, & Shorex Consultant at GLEN GARDNER

2h

Excellent news. You’ll be building cruise ships next 🇬🇧👍🛳️

LSE03 ref 13.11 post I am not sure if there are any other businesses in the area that she could be going to. However, it may not be a barge as Arnish does have its own workload so it is possible that it is for another as yet unknown client.

LSE03 ref 11.37 post I wonder and this is pure speculation if this ries in with the UKEF funding. If the UK wants to create a cen tre of excellence in cruise refits and repair then underwriting a £200m loan to aim for a 10% share of a £2.6bn market makes sense.

Si_Derman ref 11.15 post the full text is

Good news for Belfast as the first cruise ship of the year docks in our Belfast dry dock in the heart of the city. The vessel will be in dock for a few weeks as the Harland and Wolff team of specialist engineers get her ready for her new route.

The first phase of this process involves opening up work areas to identify the full extent of the work packages when a vessel has been out of service for an extended period. Exciting times ahead for our Cruise sector as several more dockings are planned for this year

Kaeren ref 11.01 post I note he says 'Exciting times ahead for our Cruise sector as several more dockings are planned for this year' That sounds very promising.

Si_Derman ref 10.37 post see my 3 educated guess in my 06.24 post as in both those cases the client would be able to apply to UKEF independently for direct lending.

Bridgedogg1 ref 10.38 post That is a good qestion the answer is a guarded yes. The answer givin to the parliamentary question from Kevan Jones see SI_Derman's 08.05 post this morning. The test is whether the expenditure help the company bring in export orders in this case the answer is yes because unless he debt is paid off they would not be able to secure the loan.

Consuela ref your 08.15 post not surprisingly you have adopted the negative spin being put on this by Kevan Jones. This funding is specifically for export related expenditure. (See the link in my 08.31). The positives form this funding in relation to balance of payments. new export orders and jobs subject to finding out exactly what the funding is for would seem to justify the funding. I note that this funding is not that dissimilar from other funding provided by HMG where it will secure british jobs.

I assume that you have nothing to say on my stated facts in my original post or the educated guesses in the same post.