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Spanish State Shipbuilder 'Racing to Finalise' takeover of Harland & Wolff in Deal to Save 1,000 Jobs

4th November 2024
Madrid based shipbuilding group Navantia is in discussions with Harland & Wolff which could rescue up to 1,000 jobs
Madrid based shipbuilding group Navantia is in discussions with Harland & Wolff which could rescue up to 1,000 jobs Credit: Harland & Wolff plc-facebook

Navantia, the Spanish state-owned shipbuilding firm, is “racing to finalise a takeover” of Harland & Wolff, Sky News has reported.

The Madrid based shipbuilder, with its three yards dedicated to civil and military naval construction, is purportedly close to confirming a deal with the Belfast Queen’s Island shipyard. If successful, the deal could rescue up to 1,000 jobs.

Currently, H&W has a £1.6bn contract from the UK Ministry of Defence to build three fleet solid support (FSS) ships for the Royal Fleet Auxiliary (RFA), the civilian branch of the Royal Navy. The trio would be used to supply aircraft carriers for the Royal Navy.

Navantia, with yards in Cadiz, Cartagena and Ferrol according to Sky News, is understood to have provided financing liquidity to H&W. This has been conducted on a week-by-week basis since the company in September filed for administration, with this week's payment said to have been due last Friday.

More the Belfast Telegraph reports on the development.

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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Shipyards

Afloat will be focusing on news and developments of shipyards with newbuilds taking shape on either slipways and building halls.

The common practice of shipbuilding using modular construction, requires several yards make specific block sections that are towed to a single designated yard and joined together to complete the ship before been launched or floated out.

In addition, outfitting quays is where internal work on electrical and passenger facilities is installed (or upgraded if the ship is already in service). This work may involve newbuilds towed to another specialist yard, before the newbuild is completed as a new ship or of the same class, designed from the shipyard 'in-house' or from a naval architect consultancy. Shipyards also carry out repair and maintenance, overhaul, refit, survey, and conversion, for example, the addition or removal of cabins within a superstructure. All this requires ships to enter graving /dry-docks or floating drydocks, to enable access to the entire vessel out of the water.

Asides from shipbuilding, marine engineering projects such as offshore installations take place and others have diversified in the construction of offshore renewable projects, from wind-turbines and related tower structures. When ships are decommissioned and need to be disposed of, some yards have recycling facilities to segregate materials, though other vessels are run ashore, i.e. 'beached' and broken up there on site. The scrapped metal can be sold and made into other items.