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Displaying items by tag: H&W Belfast

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

#BelfastLough - UK government should show greater support for shipbuilding firms after Brexit, according to the chief executive of Harland and Wolff.

As BBC News reports, Brexit offers opportunities, but the industry still needs government support, said Jonathan Guest.

A previous review recommended future naval ships should be built at UK yards, including Belfast.

Harland and Wolff hopes to be a part of a government plan to build five new Royal Navy frigates across the UK.

The new frigates would be built across different shipyards, but assembled at a central site, and ready for service by 2023.

For more on the shipyard, click here.

 

Published in Belfast Lough
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