Displaying items by tag: Missing Payment

3rd November 2019

Buyer of Harland & Wolff Confident of Deal Despite Infrastrata Missing Payment

Samson & Goliath cranes of H&W shipyard, Belfast. Workers staged a sit-in protest at the shipyard for weeks as part of a campaign to save one of Northern Ireland's biggest names in industry

As the Belfast Telegraph writes, the firm which agreed to buy Harland & Wolff has not met an initial deadline to pay part of the purchase price of the iconic Belfast shipyard.

Having paid a £500,000 deposit at the start of October, Infrastrata had a 'soft' target to pay £3.3m yesterday (Friday, 1 Nov.)

A total of 120 jobs were put at risk when Harland & Wolff went into administration in August after the collapse of its Norwegian parent company.

Workers staged a sit-in protest at the shipyard for weeks as part of a campaign to save one of Northern Ireland's biggest names in industry.

Their campaign was brought to an end when Infrastrata announced it would buy it for £6m last month.

A spokesperson for the London-based energy company said they are now aiming for a 'backstop' date of December 31.

The spokesperson cited due diligence and negotiations as the reason for the delay, and stressed there is no cause for concern when it comes to the completion of the purchase.

For more click here to read.

Published in Belfast Lough

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About World Ocean Day

World Ocean Day is celebrated annually on June 8th to highlight the important role the ocean has for our life and the planet. The focus each year is on the 30x30 campaign: to create a healthy ocean with abundant wildlife and to stabilise the climate, it is critical that 30% of our planet’s lands, waters, and oceans are protected by 2030.

One of the issues affecting our ocean is marine litter which has become a global problem for both humans and marine life. However, communities around Ireland have demonstrated their desire to be part of the solution by taking part in several beach cleaning and clean-up calls to action.

Statistics show that the number one cause of marine litter is litter dropped in towns and cities.

In 2021, the initiative changed its name from “World Oceans Day” to “World Ocean Day”. By dropping the “s”, its organisers wanted to highlight the fact that we are all connected by a large ocean. This shared ocean supports all life on the planet, by producing most of the oxygen we breathe and regulating climate. No matter where we live, we all depend on the ocean to survive.

This means that each piece of marine litter removed from a beach, river, lake, park or street in Ireland, will have a positive impact on a global scale.