MYTON LAW ACTS FOR PARKOL MARINE IN MULTI-MILLION POUND BOAT BUILDING CONTRACTS
Myton Law has acted for Whitby boat builder Parkol Marine Engineering to negotiate build contracts, worth in total over £5 million, for two new vessels just launched for sea trials.
200-ton, twin-rig trawler Reliance III was launched at Whitby Harbour on September 4 watched by members of Parkol Marine Engineering’s 80-strong team. Reliance III is destined for Banffshire where it will work netting prawns and white fish. 260-ton Havara was launched at Middlesbrough on September 10, a salmon feed support vessel it is eventually headed for the Shetland Islands.
Specialist shipping, rail and logistics law firm Myton Law has acted for Parkol Marine Engineering for a number of years writing and negotiating boat build contracts. Shipping lawyer John Habergham said, “Parkol is widely recognised as one of the leading boat builders in this sector in the UK and Myton Law is proud to advise the highly regarded Parkol team. After working on the contract detail for these two vessels it is exciting to see them take to the water.”
Director Sally Atkinson, who is the company’s Project Manager, said “It is always a pleasure to work with John and his team. We have completed numerous contracts together, some of which have been very challenging. We have always been able to rely on Myton Law to provide a professional service and to have our best interests at heart.”
Parkol Marine Engineering was established around 50 years ago in Whitby as a boat repair company. A second yard was opened in Middlesbrough in 2017 to service growing demand and build larger and more diverse types of vessel. Today Parkol is one of the most successful boat, ship and trawler builders in the UK designing every new vessel to each customer’s specific requirements and providing leading-edge design and engineering for enhanced crew safety and comfort, fuel efficiency and productivity.