Owner of Harland & Wolff takes Reins After £3.3m is Paid to Administrator

5th December 2019

InfraStrata moved in to rescue the ship yard after its previous owner got into financial difficulty. Credit: Belfast Harbour-facebook

Harland & Wolff's new owner is to take possession of the historic Belfast shipyard today as it pays £3.3m to the administrators of the business.

According to the Belfast Telegraph, Infrastrata plc plans to use the shipyard which built the Titanic for fabrication work in its underground natural gas storage project in Islandmagee near Larne.

Infrastrata chief executive John Wood has said that buying Harland & Wolff would save it £45m of a proposed spend of £303m on the Islandmagee project.

But it is also hoping to secure other shipbuilding projects in the future. At its peak, Harland & Wolff employed 35,000 people, and built 140 ships during the Second World War.

Infrastrata has already paid a deposit of £500,000 to business advisory firm BDO, which was appointed administrators to the yard in August.

Click here to read more on paying additional costs of the marine engineering facility.

Published in Belfast Lough

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Jehan Ashmore

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Jehan Ashmore is a marine correspondent, researcher and photographer, specialising in Irish ports, shipping and the ferry sector serving the UK and directly to mainland Europe. Jehan also occasionally writes a column, 'Maritime' Dalkey for the (Dalkey Community Council Newsletter) in addition to contributing to UK marine periodicals.

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