10th Jun 2022 14:29
(Alliance News) - Harland & Wolff Group Holdings PLC on Friday said that works on the Queen Victoria vessel were complete, as it looks forward to building its pipeline in the cruise industry.
The offshore construction company said that works on the Queen Victoria were completed on time and on budget, although the scope of work was "greater" than originally anticipated.
The vessel has now re-entered service, it added.
Chief Executive John Wood said: "It was a proud moment for Harland & Wolff to see the Queen Victoria arrive in the shipyard, the first cruise vessel of her size to dock in a UK yard ever."
"The owners of the Queen Victoria have a large portfolio of cruise vessels and, given the excellent relationship that we have built with them, we look forward to further dry dockings in the future," Wood added.
However, Harland & Wolff also said that the Aurora project, which was due to dock in Belfast on Thursday for a two-week period, had to be rerouted to another shipyard for operational reasons.
Whilst the company was "disappointed" by this news, it said that the additional revenue from the Queen Victoria project "more than exceeds" the revenue that management had budgeted for the Aurora project.
Looking ahead, Wood commented: "Cruise is a very exciting market to be in and with a growing pipeline of projects, it is shaping up to be one of our main pillars alongside defence and renewables."
Shares in the Belfast-based company were down 3.5% to 16.16 pence each in London on Friday afternoon.
By Sophie Rose; [email protected]
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