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 Reporter May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

DMW Marine Takes the Lead in Military Cranes

DMW Marine Group, LLC. has completed a number of projects for the U.S. Navy and foreign Navies in recent years, claiming a place as a go-to supplier for Navy departments globally.

Shipping Freight Rates Drop Amidst Overcapacity

Shipping freight rates on the world's busiest route, from Asia to Northern Europe, fell by the largest percentage amount since 2008, reflecting wild volatility

Two ASC Kalmar Cranes for DP World Brisbane

Kalmar, part of Cargotec, has received an order from DP World Australia to deliver two new Kalmar automatic stacking cranes (ASCs) for its semi-automated terminal in Brisbane.

 
 
Maritime Contracts Maritime Security Navigation Offshore Oil Pipelines Port Authority Salvage Ship Electronics 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: 0.2398 sec (4 req/sec)