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#belfast- Business advisers are carrying out a valuation of Belfast's Harland & Wolff ahead of a likely disposal by its parent company this year, the Independent can reveal.

Accountants have been sent in to carry out the work to establish the asking price of Harland & Wolff Heavy Industries Ltd, which is to be sold as part of restructuring by Norwegian parent company Fred Olsen Energy.

Harland & Wolff covers two sites on Queen's Island in east Belfast, including the Belfast Repair Dock where some ship work is still carried out, including the current refit of some Stena Line ferries.

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Published in Belfast Lough
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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