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Displaying items by tag: Administrators

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

About boot Düsseldorf: With almost 250,000 visitors, boot Düsseldorf is the world's largest boat and water sports fair and every year in January the “meeting place" for the entire industry. From 18 to 26 January 2020, around 2,000 exhibitors will be presenting their interesting new products, attractive further developments and maritime equipment. This means that the complete market will be on site in Düsseldorf and will be inviting visitors on nine days of the fair to an exciting journey through the entire world of water sports in 17 exhibition halls covering 220,000 square meters. With a focus on boats and yachts, engines and engine technology, equipment and accessories, services, canoes, kayaks, kitesurfing, rowing, diving, surfing, wakeboarding, windsurfing, SUP, fishing, maritime art, marinas, water sports facilities as well as beach resorts and charter, there is something for every water sports enthusiast.

At A Glance – Boot Dusseldorf 

Organiser
Messe Düsseldorf GmbH
Messeplatz
40474 Düsseldorf
Tel: +49 211 4560-01
Fax: +49 211 4560-668
Web: https://www.boot.com/

The first boats and yachts will once again be arriving in December via the Rhine.

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