Harland & Wolff (AIM:HARL) Consortium to design green tugs - Share Talk

Harland & Wolff (AIM:HARL) Consortium to design green tugs

Consortium to design green tugs for the UK & Export market

Harland & Wolff Group Holdings plc (AIM: HARL), the UK quoted company focused on strategic infrastructure projects and physical asset lifecycle management, is pleased to announce that as part of its continued business development, it has entered into Heads of Terms with Macduff Shipyards Limited (“Macduff”), Kongsberg Maritime Limited (“Kongsberg”) and Echandia AB (“Echandia”).

The four parties will come together to create a UK consortium with a common vision to develop and build a zero emissions harbour and coastal tug. The envisaged tug will be 25.5m long, have a breadth of 12m, and a draught of 4.85m along with an impressive bollard pull for its size at 50 tonnes. The proposed tug is expected to have Azimuth stern drives and a series of modular battery banks. The consortium will consist of Harland & Wolff as project lead and builders, Macduff Ship Design as designers, Kongsberg for propulsion and vessel control systems and Echandia as battery and electrical control systems specialists. This consortium has been put together to bring the very best technologies and skills required to deliver this pioneering green design.

The consortium will utilise innovative design combined with proven battery and propulsion technologies with the aim to deliver a zero-emissions vessel that will utilise electric propulsion from stored battery power for day-to-day operations, backed up by generators driven by biofuel for exceptional operations or when shore charging support is unavailable.

The consortium believes there is a significant number of such vessels of smaller and larger designs and capabilities that will be required in the coming decade. Additionally, the technologies deployed are scalable to enter into the CTV and SOV markets in due course. This development is not altering the Company’s current forecasts but the Board believes that being part of this consortium demonstrates the standing that the Company has in the market and represents a significant opportunity for the future.

John Wood, Group Chief Executive Officer, Harland & Wolff comments: “As part of our ongoing commitment to fully embrace the UK National Shipbuilding Office’s aims and in our drive to Net Zero, we are pleased to have put together this consortium. Not only are these the first vessels of this type to be designed and constructed in the UK, but they also provide firm foundations for the build of various vessels requiring this type of technology in the future. We are delighted by the initial feedback that we have received from potential clients and look forward to seeing these vessels come to life in our shipyards.”


Linking Shareholders and Executives :Share Talk

If anyone reads this article found it useful, helpful? Then please subscribe www.share-talk.com or follow SHARE TALK on our Twitter page for future updates. Terms of Website Use All information is provided on an as-is basis. Where we allow Bloggers to publish articles on our platform please note these are not our opinions or views and we have no affiliation with the companies mentioned