Harland and Wolff - Restructuring and Current Operations

Restructuring and Current Operations

Faced with competitive pressures (especially as regards shipbuilding), Harland & Wolff sought to shift and broaden their portfolio, focusing less on shipbuilding and more on design and structural engineering, as well as ship repair, offshore construction projects and competing for other projects to do with metal engineering and construction. This led to Harland and Wolff constructing a series of bridges in Britain and also in the Republic of Ireland, such as the James Joyce Bridge and the restoration of Dublin's Ha'penny Bridge, building on the success of its first foray into the civil engineering sector with the construction of the Foyle Bridge in the 1980s.

Harland & Wolff's last shipbuilding project (to date) was the MV Anvil Point, one of six near identical Point class sealift ships built for use by the Ministry of Defence. The ship, built under licence from German shipbuilders Flensburger Schiffbau-Gesellschaft, was launched in 2003.

In recent years the company has indeed seen its ship-related workload increase slightly. Whilst Harland & Wolff has no involvement in any shipbuilding projects for the foreseeable future, the company is increasingly involved in overhaul, re-fitting and ship repair, as well as the construction and repair of off-shore equipment such as oil platforms. On 1 February 2011 it was announced that Harland & Wolff had won the contract to refurbish the SS Nomadic, effectively rekindling its nearly 150-year association with the White Star Line. Structural steel work on the ship began on February 10, 2011 and has been completed in time for the 2012 Belfast Titanic Festival. In July 2012 Harland & Wolff will carry out the dry docking and service of the Husky Oil SeaRose FPSO (Floating Production, Storage and Offloading) vessel.

Belfast's skyline is still dominated today by Harland & Wolff's famous twin Gantry cranes, Samson and Goliath, built in 1974 and 1969 respectively. There is also speculation about a resurgence in the prosperity of the shipyard thanks to the company's diversification into emerging technologies, particularly in renewable energy development, such as offshore wind turbine and tidal power construction, which may provide an opportunity to further improve the company's fortunes in the long term. For example, the United Kingdom planned to build 7,500 new offshore wind turbines between 2008 and 2020, creating great demand for heavy assembly work. Unlike land-based wind turbines, where assembly occurs on site, offshore wind turbines have part of their assembly done in a shipyard, and then construction barges transport the tower sections, rotors, and nacelles to the site for final erection and assembly. As a result of this, in late 2007, the 'Goliath' gantry crane was re-commissioned, having been moth-balled in 2003 due to the lack of heavy-lifting work at the yard.

In June 2008, assembly work at the Belfast yard was underway on 60 Vestas V90-3MW wind turbines for the Robin Rigg Wind Farm. This was the second offshore wind farm assembled by the company for Vestas having completed the logistics for the Barrow Offshore Wind Farm in 2006. In August 2011 Harland and Wolff completed the logistics for the Ormonde Wind Farm which consisted of 30 REpower 5MW turbines.

In March 2008, the construction of the world's first commercial tidal stream turbine, for Marine Current Turbines, was completed at the Belfast yard. The installation of the 1.2MW SeaGen Tidal System was begun in Strangford Lough in April 2008.

In July 2010, Harland & Wolff secured a contract to make a prototype tidal energy turbine for Scotrenewables Ltd. Manufacture of the SR250 device was completed in May 2011 and has been undergoing testing in Orkney since.

As of April 2012, the booming offshore wind power industry has taken centre stage. Harland & Wolff are currently working on three innovative meteorological mast foundations for the Dogger Bank and Firth of Forth offshore wind farms, as well as putting the finishing touches to two Siemens substations for the Gwynt y Môr offshore wind farm. Seventy-five per cent of the company's work is based on offshore renewable energy. Harland & Wolff is one of many UK and international companies profiting from the emergence of UK wind- and marine-generated electricity, which is attracting significant inward investment.