Tag Archives: Harbour Grace Ocean Enterprises
Harbour Grace shipyard owners try to assure creditors, customers as workers brace for the worst
The owners of a busy shipyard in Harbour Grace are trying to assure creditors as they scramble to save a big employer in Conception Bay North. Meanwhile, dozens of workers are bracing as their jobs hang in the balance. “I got a mortgage. I got vehicle payments. I got two small children at home. A wife. There’s a lot at stake,” electrician’s helper Jake St. George said this week during his lunch break at Harbour Grace Ocean Enterprises. The shipyard has fallen on hard financial times, and a list of creditors owed nearly $16 million have been demanding their money. So in a bid to salvage the business and restructure the operation in order to avoid bankruptcy, the company was granted temporary protection from its creditors last week by the Supreme Court of Newfoundland and Labrador. >>click to read<< 16:42
Harbour Grace shipyard enters creditor protection as owners face financial headwinds
One of Newfoundland and Labrador’s largest shipyards, Harbour Grace Ocean Enterprises, has been granted court protection from its creditors as it struggles with a serious cash flow problem. The company is nearly $16 million in debt, and creditors have been demanding payment. Last week, the Supreme Court of Newfoundland and Labrador approved an order that temporarily protects the company from its creditors as it looks for a way forward. The court also appointed professional services firm PricewaterhouseCoopers to monitor the company. The shipyard employs 56 full-time employees and is described in court documents as “one of the largest marine vessel, repair, refit and construction businesses in Eastern Canada.” >>click to read<< 13:10
Back in the game: boat building returns to Harbour Grace
With a crack of a champagne bottle on the hull, a longtime Newfoundland fishing family launched a brand new boat on July 28. Roy Careen of Point Lance had the vessel built for the skipper, his son Christopher. The launch of the Nellie C., named for both Roy’s mother and his wife’s mother, was a special moment for the Careens but an even prouder moment for the owners of Harbour Grace Ocean Enterprises (HGOE). The last vessel built in the Harbour Grace facility was back in 2005. General Manager of HGOE, Paul Lannon, said he and his group took over the business in 2013 and right away saw opportunities to get into boat building. “There’s a growing demand for new fishing vessels of various sizes because of changes to regulations in the industry and people fishing different species, so yards are very busy throughout the Maritimes and Atlantic Canada,” said Lannon. Read the rest here 12:46
Early morning boat fire in Harbour Grace
Harbour Grace Ocean Enterprises general manager Paul Lannon was startled to receive a phone call that a boat at the wharf was engulfed in flames. The Abigail Grace, an almost 26-metre fishing vessel owned by Quinlan Brothers, had caught on fire earlier in the morning and crews from the Harbour Grace Volunteer Fire Department were on scene. Read the article here Abigail Grace will fish again, says Robin Quinlan Read the article here 09:33
Fishing vessel catches fire in Harbour Grace drydock
Crews were still at the scene of a fire Monday at a shipyard in Harbour Grace, dealing with a blaze that broke out Sunday night on a fishing vessel. A security guard noticed smoke coming from the Atlantic Navigator at 9:15. The 19-metre vessel had been in the yard for normal repairs and a paint job. Read more@cbcnews 10:53
