Parkol Marine has secured its latest new build contract, putting to rest any fears over the future of the business as a £3m wrangle continues with the borough council.
Shetlands-based Guardian Angell Fishing Company has confirmed it has placed a £1.1m order at the Eskside Wharf shipyard.
The new 26m vessel is expected to be launched next August and will replace the 20-year-old Guardian Angell LK 272.
Michael Henderson, on behalf of the company’s board of directors, said he was delighted with the announcement. He added: “Over the past 10 years we have invested heavily in fishing quota and have built up a substantial track record, most of which is landed in Shetland. Following this investment in quota we now feel that we are in a position to build a new vessel to take advantage of the fuel efficiencies and running costs a new boat can bring.”
Mr Henderson estimates the boat will save over £50,000 in fuel costs each year thanks to Parkol’s innovative design.