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Parkol Marine Engineering a family-owned business was established in 1971 and is renowned for its quality vesselsA new 23-meter ship is the second to be built as part of a Bond Support deal worth 3m from UK Export FinanceThe ship will be launched today at its Middlesbrough site and transported to IrelandFamily-owned shipbuilder Parkol Marine Engineering has announced the launch of its new vessel Green Isle which on completion will sail to the west coast of Ireland from Middlesbrough marking its expansion across the country. The boat is the second to be built as a result of a new 3m Bond support package from UK Export Finance UKEF.The contract is the second exporting win for the business with the first contract secured in 2020 for a 27-meter fishing trawler commissioned by Irish fishing company DN Kirwan. UKEFs Bond Support deal has helped Parkol and NatWest to provide security for the Buyers stage payments in the form of advance payment guarantees.The United Kingdom is charting a new course as an independent trading nation and maritime businesses are crucial to driving the Global Britain we are building towards.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.The support from UKEF reiterates the governments support for the UKs 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.
