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Industrial Equipment Financing


industrial equipment financing
    equipment financing
  • Finance is the science of funds management. The general areas of finance are business finance, personal finance, and public finance. Finance includes saving money and often includes lending money.
  • (Equipment Finance) Our expert staff will advise you of the best structure to package your new car loan whether it be as an asset purchase or equipment finance or lease.
    industrial
  • Having highly developed industries
  • Designed or suitable for use in industry
  • Of, relating to, or characterized by industry
  • of or relating to or resulting from industry; "industrial output"
  • suitable to stand up to hard wear; "industrial carpeting"
  • having highly developed industries; "the industrial revolution"; "an industrial nation"

Samson & Goliath
Samson & Goliath
Harland and Wolff Heavy Industries is a diversified heavy industrial company specialising in shipbuilding, ship breaking, offshore construction, modular construction, civil and marine engineering, renewables and project management, located in Belfast, Northern Ireland. Harland and Wolff owns the world's largest dry dock, which is in Belfast. The shipyard has built many types of ships, including RMS Titanic. Harland and Wolff was formed in 1861 by Edward James Harland (1831–1895) and Hamburg-born Gustav Wilhelm Wolff (1834–1913, in the UK from age 14). In 1858 Harland, then general manager, bought the small shipyard on Queen's Island from his employer Robert Hickson. After buying Hickson's shipyard, Harland made his assistant Wolff a partner in the company. Wolff was the nephew of Gustavus Schwabe, a financier from Hamburg, who was heavily invested in the Bibby Line, and the first three ships that the newly incorporated shipyard built were for that line. Harland made a success of the business through several innovations, notably replacing the wooden upper decks with iron ones which increased the strength of the ships; and giving the hulls a flatter bottom and squarer section, which increased their capacity. When Harland died in 1894, William James Pirrie became the chairman of the company until his death in 1924. Thomas Andrews also became the managing director and head of the draughting department in 1907. It was during this period that the company built the RMS Titanic and her sister-ships RMS Olympic and HMHS Britannic between 1909 and 1914, commissioning William Arrol to construct a massive twin gantry and slipway structure for the project. These were three of over 70 ships constructed for the White Star Line by the company, the last being the RMS Britannic in 1929. In 1912, the company acquired another shipyard at Govan in Glasgow, Scotland. It bought the London & Glasgow Engineering & Iron Shipbuilding Co's Middleton and Govan New shipyards in Govan and Mackie & Thomson's Govan Old yard. The three neighbouring yards were amalgamated and redeveloped to provide a total of seven building berths, a fitting-out basin and extensive workshops. Harland & Wolff specialised in building tankers and cargo ships at Govan. The yard was eventually closed in 1962, when the company opted to consolidate its operations in Belfast. During World War I, Harland and Wolff built monitors and cruisers, including the 15-inch gun armed "large light cruiser" HMS Glorious. In 1918, the company opened a new shipyard on the eastern side of the Musgrave Channel which was named the East Yard. This yard specialised in mass-produced ships of standard design developed during the First World War. The company started an aircraft manufacturing subsidiary with Short Brothers, called Short and Harland Limited in 1936. Its first order was for 189 Handley Page Hereford bombers built under license from Handley Page for the Royal Air Force. During the Second World War, this factory built Short Stirling bombers as the Hereford was removed from service. The shipyard was busy during World War II, building 6 aircraft carriers, 2 cruisers (including HMS Belfast) and 131 other naval ships; and repairing over 22,000 vessels. It also manufactured tanks and artillery components. It was during this period that the company's workforce peaked at around 35,000 people. However, many of the vessels built during this era were commissioned right at the end of World War II, as Harland and Wolff were focused on ship repair during the first three years of the war. The yard on Queen's Island was heavily bombed by the Luftwaffe in April and May 1941 causing considerable damage to the shipbuilding facilities and destroying the aircraft factory. With the rise of the jet powered airliner in the late 1950s, the demand for Ocean liners declined; and this coupled with competition from Japan led to difficulties for the British shipbuilding industry. The last liner that the company built was the SS Canberra in 1960. In the 1960s, notable achievements for the yard included the tanker Myrina which was the first supertanker built in the UK, and the largest vessel ever launched down a slipway (September 1967). In the same period the yard also built the semisubmersible drilling rig Sea Quest which, due to its three-legged design, was launched down three parallel slipways. This was a first and only time this was ever done. In the mid-1960s, the British government started advancing loans and subsidies to British shipyards to preserve jobs. Some of this money was used to finance the modernisation of the yard, allowing it to build the much larger post-war merchant ships including one of 333,000 tonnes. However continuing problems led to the company's nationalisation as part of British Shipbuilders in 1977. The company was bought from the British government in 1989 in a management/employee buy-out in partnership with the Norwegian shipping magnate F
NS6078 CEFX3156GB 110305
NS6078 CEFX3156GB 110305
Ostensibly the same locomotive type, but good for a game of spot the difference... it will keep you going a while! Norfolk Southern SD40-2 No. NW 6078 (blt. 02/75) & CIT Rail/Capital Equipment Finance SD40-2 No. CEFX 3156 (ex-UP 3634, blt. 11/79) are pictured stabled at Winston-Salem, North Carolina, on March 11th, 2005. 1280 x 840

industrial equipment financing
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