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Displaying items by tag: Acquire Ex RN

Harland & Wolff shipyard has acquired the former UK Royal Navy HMS Atherstone from the Ministry of Defence (MOD).

HMS Atherstone was launched in 1986 as the Hunt-class Mine Counter-Measures Vessel (MCMV), that is no longer in service.

The acquisition by Harland & Wolff of the vessel is with a view to refurbishing it for non-military uses, discussions for which have already commenced with interested parties.

Harland & Wolff is involved in a competition run by the MOD regeneration programme for the former HMS Quorn (M55). It believes that the acquisition of the former

HMS Atherstone will significantly de-risk the M55 regeneration programme given that the two vessels share a number of spare parts and components.

Should Harland & Wolff be awarded the regeneration programme for the M55, such spare parts and components on the HMS Atherstone will be utilised during the regeneration programme of the M55. It expects negotiations with the MOD on the M55 regeneration programme to be completed in the next few weeks with an announcement to be made thereafter, should an award be made in Harland & Wolff’s favour.

Harland & Wolff, group CEO John Wood, commented: “I am delighted that we have acquired the former HMS Atherstone.

“The benefits of this acquisition are two-fold; we now can significantly de-risk the M55 regeneration programme by utilising spares and component parts common to the two vessels, which has been recognised by MOD and will certainly help in closing out the negotiations over the next few weeks.

“Secondly, we also can utilise this platform as the basis for other clients’ projects, which will be a valuable revenue stream for 2023.

“I am pleased that we have generated a lot of interest for the repurposing of the former HMS Atherstone, and I expect to make announcements in this regard as soon as we have executed a refurbishment contract with a counterparty.”

Published in Shipyards

About Foyle Port

Foyle Port, located in the North West region of Northern Ireland, is estimated to handle around 2 million tonnes of cargo per year, with a trade value of approximately £1 billion. The port plays a crucial role in facilitating the import of essential agri-products, supporting around 20,000 farms in the region, as well as various local business sectors such as fuel/oil and construction industries. The organisation supports an estimated 1000 direct and indirect jobs.

Originally located in the bustling heart of Derry City, the Commissioners relocated the port to its current deep-water location at Lisahally in 1993. The terminal boasts an impressive 440 metres of quay and can accommodate large vessels of up to 62,000 DWT. Foyle Port is primarily a bulk port and a significant importer of essential commodities such as oil, coal, animal feed, fertiliser, and plywood, all of which are vital for the North West rural region.

Since 2003, the organisation has experienced significant growth, doubling both turnover and profit and attracting approximately £100 million of inward investment to the region. This investment has supported projects, including a fertiliser plant, an oil tank farm, and a biomass power station.

Established by Act of Parliament in 1854, the Londonderry Port & Harbour Commissioners is an independent statutory authority with a duty to develop, maintain and operate to the highest standards of efficiency, financial prudence, environmental awareness, safety, and security. The Port is independent of the Government and is self-financing. All financial surpluses are reinvested in the business for the benefit of future generations of stakeholders.