According to the source, the Harland & Wolff Group Holdings plc shipyard has provided a new update regarding the Malvina Islands Port Replacement Project. Which meant replacing the small dock built by Great Britain after the 1982 war with a deep-water dock in the same place; about 500 meters long and 60 meters wide .
Chart of fall in the value of the shipyard's shares, recorded by @MarketScreener
“Following a detailed review process, the Malvina Islands Government (FIG) has decided to cease contractual negotiations with Harland and Wolff in relation to the port replacement project. Harland and Wolff was initially identified as the preferred bidder for the seaside tender in early 2024.
However, despite productive discussions, the FIG and Harland and Wolff were unable to reach a mutually acceptable commercial position. The FIG recognizes the effort and commitment demonstrated by Harland and Wolff throughout this process ,” describes the British media.
Fountain:
