The family-owned Parkol Marine Engineering has launched new trawler Green Isle at its Middlesbrough yard, the company’s second delivery to a customer in Ireland.
Green Isle is the second vessel to be built as a result of a new £3m bond support package from UK Export Finance (UKEF), with a bond support deal that has helped Parkol and NatWest to provide security for the buyer’s stage payments in the form of advance payment guarantees.
‘Exporting has opened up new opportunities for our business. Thanks to UKEF’s support, we’ve unlocked another major contract and expanded our business in Ireland by delivering a high-quality vessel. We’re looking forward to continuing to capitalise on our exporting potential and reach new markets,’ said Parkol Marine Engineering director Sally Atkinson.
Green Isle is now in the water and will be heading down the coast to Whitby for the final stages of outfitting and commissioning, before leaving for the delivery trip to the west of Ireland.
‘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,’ said Louis Taylor, chief executive of UK Export Finance.
‘The support from UKEF reiterates the government’s support for the UK’s maritime industry. Launching its new shipbuilding vision earlier this year, the government committed to investing over £4bn to support shipyards and suppliers across the UK, with new measures including better access to finance and vital skills-building.’
The 22 metre Green Isle has a full package of deck machinery supplied by Seaquest Systems, with three 18-tonne trawl winches and a control system, a pair of 10.70-tonne net drums, a 10-tonne gilson, a hose reel and a full hydraulic installation. Also part of the Seaquest package are a 5t/9m knuckleboom crane and a 5t/7m powerblock crane.
