Greatland Gold MD Shaun Day will be taking live Q&A on 5th March (4-5PM), please register here and submit questions here. An in-person Town Hall will follow at 6PM, please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksHarland & Wolff Regulatory News (HARL)

Share Price Information for Harland & Wolff (HARL)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 10.25
Bid: 10.00
Ask: 10.50
Change: 0.35 (3.54%)
Spread: 0.50 (5.00%)
Open: 10.15
High: 10.25
Low: 10.00
Prev. Close: 9.90
HARL Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

New Aberdeen Subsidiary

3 Aug 2023 07:00

RNS Number : 1200I
Harland & Wolff Group Holdings PLC
03 August 2023
 

RNS Reach

 

3 August 2023

 

 

 

Harland & Wolff Group Holdings plc

("Harland & Wolff" or the "Company")

 

New Aberdeen Subsidiary - Harland & Wolff (Technologies) Limited

 

Harland & Wolff Group Holdings plc (AIM: HARL), the UK quoted company focused on strategic infrastructure projects and physical asset lifecycle management, is pleased to announce the establishment of Harland & Wolff (Technologies) Limited ("HWT"), a fully owned subsidiary of the Company.

 

HWT will be based in the United Kingdom's energy capital - Aberdeen. HWT will operate in conjunction with the Company's four delivery centres across the UK whilst working independently and directly with the Company's clients in other shipyards. One of the main services being provided by HWT will be the in-service support to assets that are already operational and are not in any dry dock.

 

Richard Davidson has been appointed with immediate effect as Managing Director of the new HWT subsidiary. Richard brings with him over three decades of experience in the energy and maritime markets and has been instrumental in introducing and commercialising new technologies centred around propulsion and fuels. In Richard's last role with Echandia, he was responsible for developing and monetising large scale battery technologies for the marine market.

 

New technologies within the marine market are advancing at considerable pace and ensuring the Company is at the forefront of this as an early adopter of new technologies is essential. HWT's focus on batteries, propulsion, future fuels and systems integration will facilitate progress towards being a successful leader in these areas and make a meaningful contribution to the UK's Net Zero targets. HWT is developing a suite of support agreements and joint venture partnerships with Original Equipment Manufacturers in order to provide the highest level of service to the Company's clients.

 

Whilst the Company remains supportive of the UK's Net Zero targets and the transition to cleaner energy and fuels, it is clear that traditional sources of energy will still have a significant role to play over the next few decades. With the recent Government announcement on a series of new North Sea licensing rounds, and the number of enquiries that the Company is addressing for offshore electrification projects, new platform construction projects and in-service support, HWT will be well placed to address a very sizeable business opportunity across these markets.

 

John Wood, Group Chief Executive Officer of Harland & Wolff comments:

 

"With projects starting to ramp up and new technologies increasingly being incorporated into the majority of them, the establishment of HWT enables us to be at the forefront of client requirements now and into the future. In the first instance, we will be focusing on in-service support including mechanical, pipework, fabrication and outfitting services. HWT's offering will allow assets to be in operation whilst being serviced by our riding crews. Ultimately, this will reduce the time spent by an asset in a dry dock, keep it in continuous operation, and therefore reduce downtime costs, all of which are highly attractive outcomes for our clients."

 

For further information, please visit  www.harland-wolff.com  or contact:

 

Harland & Wolff Group Holdings plc

John Wood, Chief Executive Officer

Arun Raman, Chief Finance Officer

 

+44 (0)20 3900 2122

investor@harland-wolff.com  

media@harland-wolff.com

 

About Harland & Wolff

Harland & Wolff is a multisite fabrication company, operating in the maritime and offshore industry through five markets: commercial, cruise and ferry, defence, energy and renewables and six services: technical services, fabrication and construction, decommissioning, repair and maintenance, in-service support and conversion.

 

Its Belfast yard is one of Europe's largest heavy engineering facilities, with deep water access, two of Europe's largest drydocks, ample quayside and vast fabrication halls. As a result of the acquisition of Harland & Wolff (Appledore) in August 2020, the company has been able to capitalise on opportunities at both ends of the ship-repair and shipbuilding markets where there will be significant demand.

 

In February 2021, the company acquired the assets of two Scottish-based yards along the east and west coasts. Now known as Harland & Wolff (Methil) and Harland & Wolff (Arnish), these facilities will focus on fabrication work within the renewables, energy and defence sectors.

 

In addition to Harland & Wolff, it owns the Islandmagee gas storage project, which is expected to provide 25% of the UK's natural gas storage capacity and to benefit the Northern Irish economy as a whole when completed.

 

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
NRAUPUWURUPWGQP
Date   Source Headline
25th Jan 202411:15 amRNSChange of Nominated Adviser and Broker
29th Dec 20237:00 amRNSUpdate re. New Credit Facility
21st Dec 20239:50 amRNSUpdate re. Possible Offer
30th Nov 20234:00 pmRNSTrading Statement
30th Nov 20238:45 amRNSForm 8.5 (EPT/NON-RI)
28th Nov 20238:47 amRNSForm 8.5 (EPT/NON-RI)
27th Nov 20238:16 amRNSForm 8.5 (EPT/NON-RI)
24th Nov 20231:13 pmRNSMello Conference
24th Nov 20237:00 amRNSStatement re Possible Offer
15th Nov 20231:30 pmRNSFurther re: Islandmagee Legal Update
8th Nov 20239:19 amRNSMoU - New Aluminium Vessel Build
7th Nov 20237:00 amRNSFirst Contract Win by Harland & Wolff (USA)
6th Nov 20237:00 amRNSContract Award
20th Oct 202312:17 pmRNSIslandmagee Legal Update
20th Oct 20237:00 amRNSContract Win - SeaRose Upgrade
9th Oct 20237:00 amRNSMaritime Operations Commencement & Isles of Scilly
15th Sep 20234:38 pmRNSPartnership with Echandia
8th Sep 20237:01 amRNSInvestor Meet Company Presentation
8th Sep 20237:00 amRNSHalf-year Report
31st Aug 202310:38 amRNSIslandmagee Judicial Review Update
30th Aug 20237:00 amRNSProposed Ferry Build & Operate Programme
21st Aug 20237:00 amRNSIslandmagee Judicial Review Update
3rd Aug 20237:00 amRNSNew Aberdeen Subsidiary
1st Aug 20237:00 amRNSContract Win - Heavy Lift Vessel
31st Jul 20237:00 amRNSLetter of Intent – Major Vessel Refurbishment
28th Jul 20231:37 pmRNSAGM Voting Results
26th Jul 20238:53 amRNSResult of AGM
19th Jul 20237:00 amRNSVirtual Investor Event
30th Jun 20235:56 pmRNSAnnual Financial Report
23rd Jun 20232:00 pmRNSAnnual Results Update
13th Jun 20233:25 pmRNSConsortium to design green tugs
25th Apr 20238:03 amRNSVirtual Investor Event
17th Apr 20237:00 amRNSIslandmagee Update – Concept Study Findings
5th Apr 20237:00 amRNSSpring Investor Event
3rd Apr 20237:00 amRNSIslandmagee Update
7th Mar 20239:47 amRNSDirector/PDMR Shareholding
6th Mar 20235:03 pmRNSDirector/PDMR Shareholding
1st Mar 20237:00 amRNSBusiness Update and Outlook
21st Feb 20237:00 amRNSPlanning Application – Belfast
20th Feb 20237:00 amRNSContract wins
17th Feb 20237:00 amRNSMethil Update
16th Feb 20237:00 amRNSCory Barges Update
9th Feb 20235:23 pmRNSHolding(s) in Company
3rd Feb 20231:45 pmRNSHolding(s) in Company
3rd Feb 20231:45 pmRNSHolding(s) in Company
2nd Feb 20235:38 pmRNSHolding(s) in Company
1st Feb 20237:00 amRNSExecution of FSS Subcontract
30th Jan 202310:12 amRNSHolding(s) in Company
25th Jan 20239:42 amRNSHolding(s) in Company
23rd Jan 20239:48 amRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.