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 it has been awarded a further ten barge contract from the Cory Group for a total value of £8.5 million.
These ten barges are in addition to the existing two contracts for the build of 23 barges that were awarded in 2022.
The barge programme continues to proceed apace with the work fulfilled across the Company’s sites in Belfast, Methil and Arnish. Eight barges have been delivered to date and the Company is expected to complete the entire programme by H1 2025.
John Wood, CEO of Harland & Wolff Group Holdings comments:
“I am delighted that the Cory Group have contracted with us for the build of a further ten barges following the ongoing delivery of barges under the original contract. With three sites within the Group now fabricating for Cory, this has given us the opportunity to de-risk the contracts and provide optionality to both the client and ourselves. More importantly, every fabrication contract gives us the ability to add greater levels of vigour to our processes, protocols and methodologies ahead of fabricating for the FSS Programme. I wish to thank Cory for this additional opportunity which demonstrates their confidence in our work.”
