Quadrise working towards vessel trials with MSC

10th Jul 2024 14:36

(Sharecast News) - Quadrise updated the market on its ongoing project with MSC Shipmanagement of Cyprus (MSC) on Wednesday.

The AIM-traded firm said the project involved forthcoming vessel trials on board the MSC Leandra and collaboration with Cargill.

It said it was actively working with MSC and other project partners to finalise a binding agreement that would govern the vessel trials.

Once a project agreement was signed, Quadrise said it would proceed with the installation and commissioning of its equipment at the facility in Antwerp.

The facility had already secured the necessary operating permits and was fully prepared for the installation, ensuring a swift transition to the trial phase once the agreement was finalised.

"We continue to have regular contact with MSC and other project counterparties and are preparing for installation of our equipment to commence as soon as the agreement is signed," said chief executive officer Jason Miles.

At 1214 BST, shares in Quadrise were flat at 2p.

Reporting by Josh White for Sharecast.com.