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An energy firm, BBC reports, that agreed to buy the Harland and Wolff shipyard in Belfast has raised the money it needs to complete the deal.

InfraStrata raised £6m through a share issue on Monday.

The east Belfast shipyard, best known for building the Titanic, was agreed for sale to the London-based firm last month.

It went into administration in August, putting 120 jobs at risk, after its Norwegian parent company collapsed.

InfraStrata shareholders need to approve the deal at a meeting on 29 November.

More here on this 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