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Displaying items by tag: Growth

Shipyard owners of Harland & Wolff, InfraStrata has reported "steady progress" in the first months of its financial year.

In a Q1 trading update, the business said it has booked about £6.5m in the eight months to 31 March 2021, with further growth expected this year.

Its cruise and ferry market has broken even after larger contract wins were established.

InfraStrata acquired the assets of the Harland & Wolff shipyard in Belfast from administrators in 2019.

It then further invested in the business by acquiring the Appledore shipyard in North Devon.

Insider has more here on this story. 

Afloat adds that InfraStrata in recent weeks acquired the assets of Scottish based Burntisland Fabrication Ltd from the administrators. 

These facilities will trade under Harland & Wolff brand and represent the final fabrication piece of its UK footprint.

This will position the company to fully deliver on its existing strategy quicker than it would have done with only its two existing sites: Harland & Wolff (Belfast) and Harland & Wolff (Appledore).

Published in Shipyards

Shipyards

Afloat will be focusing on news and developments of shipyards with newbuilds taking shape on either slipways and building halls.

The common practice of shipbuilding using modular construction, requires several yards make specific block sections that are towed to a single designated yard and joined together to complete the ship before been launched or floated out.

In addition, outfitting quays is where internal work on electrical and passenger facilities is installed (or upgraded if the ship is already in service). This work may involve newbuilds towed to another specialist yard, before the newbuild is completed as a new ship or of the same class, designed from the shipyard 'in-house' or from a naval architect consultancy. Shipyards also carry out repair and maintenance, overhaul, refit, survey, and conversion, for example, the addition or removal of cabins within a superstructure. All this requires ships to enter graving /dry-docks or floating drydocks, to enable access to the entire vessel out of the water.

Asides from shipbuilding, marine engineering projects such as offshore installations take place and others have diversified in the construction of offshore renewable projects, from wind-turbines and related tower structures. When ships are decommissioned and need to be disposed of, some yards have recycling facilities to segregate materials, though other vessels are run ashore, i.e. 'beached' and broken up there on site. The scrapped metal can be sold and made into other items.