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Displaying items by tag: New Trading name

The UK quoted company, InfraStrata plc which focuses on strategic infrastructure projects and physical asset lifecycle management, is pleased to announce it has applied to Companies House to trade under the name Harland & Wolff Group Holdings plc.

The parent company has over the past 18 months, proceeded through various phases which have included, the acquisition of assets, significant upgrades to all its facilities, the introduction of state-of-the-art technology. While simultaneously establishing a substantial sales pipeline which now stands at £7.8bn (on an unweighted) and £1.8bn (on a weighted).

The company is now at its final stage of full reactivation (incl. apprenticeships) of all its yards, which involves building a multi-year backlog for its facilities across its five key markets: defence, cruise and ferry, commercial, renewables and energy. The company believes that this change of name will better reflect its ambition in expanding its core business and the significant development of its shipbuilding and fabrication activities.

The organisation’s flagship Islandmagee gas storage project will retain its name, with management remaining focused on obtaining the Marine Construction Licence and Final Investment Decision (FID) thereafter. Whilst the project now has substantially more life expectancy with the need for major volumes of hydrogen storage (subject to regulatory approvals) it is a relatively straightforward technical change to make in a phased approach as the project transitions from gas to hydrogen over time.

Trading in the company's shares on the AIM market of the London Stock Exchange under the new name of Harland & Wolff Group Holdings plc is expected to take effect as soon as a new stock ticker name has been issued by the AIM team.

An application for the stock ticker “HARL” has been made and will be confirmed as soon as the company’s name has been formally changed at Companies House. A further announcement will be made as soon as regulatory permissions have been secured and the new Company stock ticker has been issued.

In order to reflect the change of name, the company's corporate website will change to www.harland-wolff.com. The information required pursuant to AIM Rule 26 will be available at this address.

John Wood, CEO of InfraStrata plc commented: “We are delighted to make this announcement today, signalling the end of upgrade and reactivation phases. With the new national shipbuilding strategy due to be released in the autumn and the government’s ten point plan for a Green Industrial Revolution, we have confidence that the shipbuilding and fabrication business will deliver substantial value to all our stakeholders as we enter this exciting new stage of building our multiyear backlog of projects.

Since acquiring Harland & Wolff in December 2019, we have seen the organisation grow significantly; in August 2020 we reopened what is now known as Harland & Wolff (Appledore) and in February 2021, we acquired two ex-BiFab sites based in Scotland - now renamed Harland & Wolff (Arnish) and Harland & Wolff (Methil) respectively giving us one of the largest fabrication footprints dedicated to our core markets, in addition to two of the largest drydocks in Europe at Harland & Wolff (Belfast) which at 80% capacity could give sales of in excess of £500m per annum when operational efficiencies have been achieved.

This is a natural progression in building and further developing the Harland & Wolff brand, our commitments to high-quality jobs across our five markets including the 34 apprenticeships recently announced as well as providing socio-economic investment into local, regional, and national communities.”

Published in Shipyards

Howth 17 information

The oldest one-design keelboat racing class in the world is still competing today to its original 1897 design exclusively at Howth Yacht club.

Howth 17 FAQs

The Howth 17 is a type of keelboat. It is a 3-man single-design keelboat designed to race in the waters off Howth and Dublin Bay.

The Howth Seventeen is just 22ft 6ins in hull length.

The Howth 17 class is raced and maintained by the Association members preserving the unique heritage of the boats. Association Members maintain the vibrancy of the Class by racing and cruising together as a class and also encourage new participants to the Class in order to maintain succession. This philosophy is taken account of and explained when the boats are sold.

The boat is the oldest one-design keelboat racing class in the world and it is still racing today to its original design exclusively at Howth Yacht club. It has important historical and heritage value keep alive by a vibrant class of members who race and cruise the boats.

Although 21 boats are in existence, a full fleet rarely sails buy turnouts for the annual championships are regularly in the high teens.

The plans of the Howth 17 were originally drawn by Walter Herbert Boyd in 1897 for Howth Sailing Club. The boat was launched in Ireland in 1898.

They were originally built by John Hilditch at Carrickfergus, County Down. Initially, five boats were constructed by him and sailed the 90-mile passage to Howth in the spring of 1898. The latest Number 21 was built in France in 2017.

The Howth 17s were designed to combat local conditions in Howth that many of the keel-less boats of that era such as the 'Half-Rater' would have found difficult.

The original fleet of five, Rita, Leila, Silver Moon, Aura and Hera, was increased in 1900 with the addition of Pauline, Zaida and Anita. By 1913 the class had increased to fourteen boats. The extra nine were commissioned by Dublin Bay Sailing Club for racing from Kingstown (Dún Laoghaire) - Echo, Sylvia, Mimosa, Deilginis, Rosemary, Gladys, Bobolink, Eileen and Nautilus. Gradually the boats found their way to Howth from various places, including the Solent and by the latter part of the 20th century they were all based there. The class, however, was reduced to 15 due to mishaps and storm damage for a few short years but in May 1988 Isobel and Erica were launched at Howth Yacht Club, the boats having been built in a shed at Howth Castle - the first of the class actually built in Howth.

The basic wooden Howth 17 specification was for a stem and keel of oak and elm, deadwood and frames of oak, planking of yellow pine above the waterline and red pine below, a shelf of pitch pine and a topstrake of teak, larch deck-beams and yellow pine planking and Baltic spruce spars with a keel of lead. Other than the inclusion of teak, the boats were designed to be built of materials which at that time were readily available. However today yellow pine and pitch pine are scarce, their properties of endurance and longevity much appreciated and very much in evidence on the original five boats.

 

It is always a busy 60-race season of regular midweek evening and Saturday afternoon contests plus regattas and the Howth Autumn League.

In 2017, a new Howth 17 Orla, No 21, was built for Ian Malcolm. The construction of Orla began in September 2016 at Skol ar Mor, the boat-building school run by American Mike Newmeyer and his dedicated team of instructor-craftsmen at Mesquer in southern Brittany. In 2018, Storm Emma wrought extensive destruction through the seven Howth Seventeens stored in their much-damaged shed on Howth’s East Pier at the beginning of March 2018, it was feared that several of the boats – which since 1898 have been the very heart of Howth sailing – would be written off. But in the end only one – David O’Connell’s Anita built in 1900 by James Clancy of Dun Laoghaire – was assessed as needing a complete re-build. Anita was rebuilt by Paul Robert and his team at Les Ateliers de l’Enfer in Douarnenez in Brittany in 2019 and Brought home to Howth.

The Howth 17 has a gaff rig.

The total sail area is 305 sq ft (28.3 m2).

©Afloat 2020