Displaying items by tag: Profits Slump

30th May 2016

Harland & Wolff Profits Slump As Yard Braced for Tough Year Ahead

Harland and Wolff, Belfast, the marine, engineering and offshore renewables energy manufacturing facility located on Queens Island

#H&W - Harland and Wolff, Belfast faces a tough year ahead having failed to secure a "sufficient workload" as the latest accounts shows a big drop in profits for 2015.

The Belfast Telegraph writes that the firm generated operating profit of £1m for the year ending December 2015, according to the latest accounts for Harland & Wolff Heavy Industries Ltd.

That was down from £8.6m a year earlier, however, turnover rose to £66.7m from £55.2m.

It says the directors consider the "results for the year are reflective of the difficult market conditions".

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Published in Belfast Lough

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About World Ocean Day

World Ocean Day is celebrated annually on June 8th to highlight the important role the ocean has for our life and the planet. The focus each year is on the 30x30 campaign: to create a healthy ocean with abundant wildlife and to stabilise the climate, it is critical that 30% of our planet’s lands, waters, and oceans are protected by 2030.

One of the issues affecting our ocean is marine litter which has become a global problem for both humans and marine life. However, communities around Ireland have demonstrated their desire to be part of the solution by taking part in several beach cleaning and clean-up calls to action.

Statistics show that the number one cause of marine litter is litter dropped in towns and cities.

In 2021, the initiative changed its name from “World Oceans Day” to “World Ocean Day”. By dropping the “s”, its organisers wanted to highlight the fact that we are all connected by a large ocean. This shared ocean supports all life on the planet, by producing most of the oxygen we breathe and regulating climate. No matter where we live, we all depend on the ocean to survive.

This means that each piece of marine litter removed from a beach, river, lake, park or street in Ireland, will have a positive impact on a global scale.