Harland & Wolff Rescued

Wednesday, May 10, 2000
Harland & Wolff's (H&W) existence was extended last week as it won a 300 million pound ($458 million) contract to build four passenger ferries. The order from Bahamas-based Seamasters International Inc. includes an option for two additional ships. If the full order is taken, the six ships should provide work for the yard through 2004. The order came just a day after Harland & Wolff workers accepted a three-year pay deal, a deal which was equally crucial in ensuring the company's near-term future. Harbinson estimated the order for the RoRo ferries would secure around 1,000 of the 1,300 core jobs at the shipyard. The yard, whose giant yellow cranes dubbed "Samson and Goliath" dominate the Belfast skyline, is still a mainstay of the British-ruled province's economy. Harland & Wolff, controlled by Norway's Fred Olsen Energy, said efforts were being made to secure steelwork and outfitting contracts from the marine and commercial sectors before construction work begins on the ships at the end of this year. The first ship - an Atlantic 4000 class which can carry around 1,000 passengers at a top speed of 27 knots -- under the new contract is due to enter service in mid-2002 and the remaining vessels will be delivered before early 2004 if the options for the extra two ships are exercised -- which would bring the order value up to around $762 million. Harland & Wolff said it expected the Atlantic 4000 to be 15-20 percent more fuel-efficient than rival designs because of its reduced steel weight and new hull lines. The ships will be powered by Siemens diesel-electric propulsion systems.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Diana Charters Out Two Bulkers

Diana Shipping Inc. today announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with Bunge S.A., Geneva, for one of its Panamax dry bulk vessels,

Haven Marine Signs Service Contract with Svitzer

Haven Marine Services informs it has signed a five year contract with Svitzer which will see the yard service the requirements of Svitzer’s vessels within the Bristol Channel and Irish Sea areas.

Portugal PM Warns Lisbon Dock Workers to End Strike

Portugal's prime minister warned Lisbon dock workers on Friday that his patience was running out after a strike that has lasted a month, paralysing the city's ports.

 
 
Maritime Contracts Maritime Security Navigation Offshore Oil Pipelines Pod Propulsion Ship Electronics Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0670 sec (15 req/sec)