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Displaying items by tag: Credible Bids

Two "credible" bids, reports Belfast Telegraph, have now been received for the stricken shipyard Harland & Wolff, it's been claimed.

DUP leader Arlene Foster and the party's East Belfast MP Gavin Robinson made the claim following a meeting with business advisors BDO, who were appointed administrators two weeks ago.

However, BDO would not confirm whether two bids were now on the table, nor the identity of any firms behind the bids.

Harland & Wolff has been facing financial difficulties following a downturn in business and the bankruptcy of its Norwegian parent company Dolphin Drilling, formerly Fred Olsen Energy. And most of its 123 staff have been occupying the site for around four weeks as they repeat calls for the UK Government to renationalise the business.

Mr Robinson said he and Mrs Foster had held a "positive" meeting with the administrators.

The newspaper has more here to read on this ongoing story. 

Published in Belfast Lough

William M Nixon has been writing about sailing in Ireland and internationally for many years, with his work appearing in leading sailing publications on both sides of the Atlantic. He has been a regular sailing columnist for four decades with national newspapers in Dublin, and has had several sailing books published in Ireland, the UK, and the US. An active sailor, he has owned a number of boats ranging from a Mirror dinghy to a Contessa 35 cruiser-racer, and has been directly involved in building and campaigning two offshore racers. His cruising experience ranges from Iceland to Spain as well as the Caribbean and the Mediterranean, and he has raced three times in both the Fastnet and Round Ireland Races, in addition to sailing on two round Ireland records. A member for ten years of the Council of the Irish Yachting Association (now the Irish Sailing Association), he has been writing for, and at times editing, Ireland's national sailing magazine since its earliest version more than forty years ago