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Displaying items by tag: Missed re Covid19

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 Shipyards

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.