A&P Group sees renewables sector as 'ripe for growth'Company News // September 14, 2016
Ship repair and conversion specialist A&P Group has reported a steady 2016– citing the offshore renewable wind sector as ‘ripe for growth’.
With three shipyards located in Hebburn, Middlesbrough and Falmouth, the group continues to perform well in the commercial, offshore and defence sectors and is on track to achieve its projected turnover of £90 million for this financial year.
During 2016, 68 vessels docked at A&P’s UK yards and this is expected to rise to 100 by the end of the year.
Notable 2016 projects included the return of RFA Cardigan Bay after four years at sea for five months of repair, maintenance and upgrades in Falmouth; the award of a contract to manufacture a blade rack for Siemens; and the first stage construction of submarine blocks for the Royal Navy’s Astute Submarine, as part of the £3 million contract with BAE Systems.
A&P Group’s UK team has also delivered repair, maintenance and mobilisation works for four specialist self-propelled jack-up vessels.
Andy Shaw, Group Managing Director for A&P Group said: “In addition to the complex defence projects we are delivering, we are also seeing a lot of enquiries from the offshore renewables sector, particularly for fabrication and jack up vessels. This sector is certainly ripe with opportunity and these projects make excellent use of our in-house knowledge, expertise and resource."