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Shipyard Owner of Harland & Wolff Misses Final Payment `Due to Covid-19 Distruption'

3rd May 2020
Harland & Wolff has received inquiries from `several cruise ship owners... unable to operate their fleet during the Covid-19 crisis'. Harland & Wolff has received inquiries from `several cruise ship owners... unable to operate their fleet during the Covid-19 crisis'. Photo: Belfast Harbour-facebook

InfraStrata the energy firm has asked for an extension from Harland and Wolff administrators to pay the final instalment for its purchase of the Belfast shipyard - due last Thursday - blaming the coronavirus pandemic.

The company still has £1.45m outstanding from the £5.25m deal which rescued the iconic company from closure.

However, it did not make yesterday's payment, saying it had been affected by the pandemic and worldwide lockdown restrictions.

"Given the current Covid-19 situation, the company has formally requested the administrators for an extension period in order to pay the final amount of the consideration," it said.

"Positive discussions are continuing with the administrators to determine an optimum time frame for the company to complete this final tranche of payment. The company will make an announcement as soon as an agreement has been reached."

More on this story from the Irish News here

Published in Belfast Lough
Jehan Ashmore

About The Author

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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