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Displaying items by tag: Spanish Shipyard deal

London-listed company, Infrastrata that is taking over Harland & Wolff, could bring major shipbuilding projects back to Belfast after confirming plans to work with Navantia, the Spanish state-owned shipbuilding company.

According to The Irish Times, Infrastrata has signed a memorandum of understanding (MoU) with Navantia which it intends to follow up with a more formal teaming agreement. That could result in both organisations working together on a number of infrastructure and marine projects.

Navantia is among companies tendering for a £1.5 billion fleet contract with the UK defence ministry.

Earlier this month, Infrastrata raised £6 million (€7 million) via a share issue to complete its acquisition of the historic east Belfast shipyard that built the Titanic. The company still needs final approval from its shareholders to acquire the assets of Harland & Wolff, which it will seek at a meeting on November 29th.

More reading on the story here. 

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