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Displaying items by tag: Fred Olsen Group

The Belfast shipyard at Harland and Wolff could go bust within days as fears mount over its future, it has emerged.

Unions and sources familiar with ongoing negotiations at the shipyard, reports Belfast Telegraph, have said that the company could "go to the wall" next Wednesday, if a buyer cannot be found.

Around 132 people are understood to be still employed at the operation, which was put up for sale by its Norwegian parent company Fred Olsen Energy in December 2018. The group, now known as Dolphin Drilling ASA, filed for bankruptcy last month.

Talks involving political leaders, economic development agency Invest NI and shipyard management have taken place throughout the week.

It's understood that Newry-based MJM Marine had held the status of an exclusive bidder. Jonathan Guest, who replaced Robert Cooper as chief executive of Harland and Wolff in April 2018, is a former managing director of MJM Marine.

During 2018, MJM used Harland and Wolff's dry dock for carrying out a major cruise contract with Royal Caribbean Cruise Ltd.

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Published in Belfast Lough

As an island economy, a healthy maritime sector is key to our national competitiveness. Virtually all our imports and exports pass through Irish ports.

Ireland is dependent on ports and shipping services to transport goods and 90% of our trade is moved though Irish ports. Shipping and maritime transport services make a significant contribution to Ireland’s ocean economy, with the sector generating €2.3 billion in turnover and employing over 5,000 people in 2018.

Ireland’s maritime industry continues to grow and progress each year with Irish ports and shipping companies making significant investments. The ports sector in Ireland is currently undergoing a number of expansions and developments with Dublin Port’s Alexandra Basin development, the development of Ringaskiddy in Cork by Port of Cork and the development of Shannon Foynes Port. Along with these major investments, shipping companies are also investing heavily in new tonnage, with Irish Ferries, CLdN and Stena leading new build programmes.

These pages cover the following sectoral areas: shipowners, harbour authorities, shipbrokers, freight forwarders and contractors, cruise liner operators, port users, seamen, merchants, academic institutions, shipyards and repair facilities, naval architects, navy and defence personnel.

Our pages are covering some of the most notable arrivals around our coast and reporting too on port development and shipping news.

This section of the site deals with Port and Shipping News on our largest ports Dublin Port, Port of Cork, the Shannon Estuary, Galway Harbour and Belfast Lough.

A recent study carried out for the Irish Ports Association (IPA) totalled 75.7 billion during 2004 and their net economic impact was some 5.5 billion supporting around 57, 500 full time employees.

Liam Lacey, Director of the Marine Institute’s Irish Maritime Development Office (IMDO) said, “The Irish maritime industry can look to the future with confidence. It has shown itself to be resilient and agile in responding to challenges. Over the past decade, it has had to respond to the challenges of the financial crisis of 2008, the uncertainty surrounding Brexit and recent challenges. Ireland’s maritime sector has continued to underpin our economy by maintaining vital shipping links for both trade and tourism.”