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Utilities

Harland & Wolff secures new contracts worth over £10mln

Harland & Wolff Group Holdings PLC (AIM:HARL) has secured contracts worth over £10mln within the defence, cruise & ferry and commercial fabrication markets.

The Belfast-based shipbuilder said the six contracts are expected to be completed during the next 12-18 months.

The AIM-listed firm did not disclose further details, due to confidentiality terms, but said that work on four of the contracts will commence this month in Belfast.

These contracts will involve fabricating a drydock gate for a client that operates a defence facility, repairs on a jack up barge that is used for installation of offshore structures, as well as regular repair works on five vessels comprising a product tanker and four ferries.

In Arnish, the company has been contracted to undertake additional fabrication works for an ongoing mining project, while it has been contracted to fabricate a frame at its Appledore facility for a prime contractor as part of its ongoing defence programme.

Chief Executive John Wood said: “Since the commencement of 2023, we are seeing an uptick in the level of enquiries flowing through all the yards for multiple projects.”

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