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Seamasters International Inc News

11 May 2000

Harland & Wolff Rescued

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. "This is very good news for us. If the full six vessels are ordered, we're looking at work until 2004," spokesman Peter Harbinson said. 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.

10 May 2000

Harland & Wolff Rescued

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.