皇冠体育app

• Parkol Marine Engineering, a family-owned business, was established in 1971 and is renowned for its quality vessels
• A new 23-meter ship is the second to be built as part of a Bond Support deal worth 拢3m from UK Export Finance
• 皇冠体育app ship will be launched today at its Middlesbrough site and transported to Ireland

Family-owned shipbuilder, Parkol Marine Engineering, has announced the launch of its new vessel, Green Isle, which on completion will sail to the west coast of Ireland from Middlesbrough, marking its expansion across the country. 皇冠体育app boat is the second to be built as a result of a new 拢3m Bond support package from UK Export Finance (UKEF).

皇冠体育app contract is the second exporting win for the business, with the first contract secured in 2020 for a 27-meter fishing trawler commissioned by Irish fishing company D&N Kirwan. UKEF鈥檚 Bond Support deal has helped Parkol and NatWest to provide security for the Buyer鈥檚 stage payments in the form of advance payment guarantees.

Louis Taylor, Chief Executive of UK Export Finance said:

皇冠体育app United Kingdom is charting a new course as an independent trading nation and maritime businesses are crucial to driving the Global Britain we are building towards.

Now we can help shipbuilders to grow and harness the benefits of maritime trade using support from UK Export Finance to help Parkol grow their business through exporting.

皇冠体育app support from UKEF reiterates the government鈥檚 support for the UK鈥檚 maritime industry. Launching its new shipbuilding vision earlier this year, the government committed to investing over 拢4bn to support shipyards and suppliers across the UK, with new measures including better access to finance and vital skills-building.

Sally Atkinson, Director of Parkol Marine Engineering said:

Exporting has opened up new opportunities for our business. Thanks to UKEF鈥檚 support, we鈥檝e unlocked another major contract and expanded our business in Ireland by delivering a high-quality vessel. We鈥檙e looking forward to continuing to capitalise on our exporting potential and reach new markets.

David Priestley, Head of Export Finance Managers for UKEF said:

We are pleased to see Parkol launch another ship into Ireland, helped by our support. Its exporting success is testament to its first-rate engineering heritage and investment in its people. We鈥檙e looking forward to seeing further growth from the company in the years ahead.

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