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Displaying items by tag: £6m deal

The Belfast shipyard that built the Titanic, Harland and Wolff is according to the Sunday Times, set to be rescued tomorrow in a £6m deal.

AIM-listed company, InfraStrata has agreed to buy the historic shipyard out of administration, will tap investors for the money tomorrow via a share placing. It is understood to have signed a conditional contract to buy Harland and Wolff from administrator BDO.

InfraStrata will use the shipyard to supply a £265m gas storage facility it is building north of the city, preserving the jobs of the 79 remaining workers.

Harland and Wolff, which employed 30,000 people in Belfast’s industrial heyday, fell into administration in August after its Norwegian parent company, Dolphin Drilling, failed to find a buyer.

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Published in Belfast Lough

About Commander Bill King, Solo Circumnavigator

William Donald Aelian King was the last surviving submarine commander in the Second World War - in charge of the British Navy's T-class Telemachus that sank a Japanese sub in the Strait of Malacca, between Malaysia and Sumatra, in 1944.

Decorated many times for his service by the end of the war, King became a trailblazing solo sailor.

At the age of 58, he was the oldest participant in The Sunday Times Golden Globe Race sailing Galway Blazer II, a junk-rigged schooner he designed himself.

After a number of abortive attempts, including an incident with "a large sea creature", he finally completed his solo circumnavigation of the globe in 1973.

Beyond his aquatic escapades, King settled with his wife Anita (who died in 1984, aged 70) at Oranmore Castle outside Galway after the war, where he later developed a pioneering organic farm and garden to help tackle his wife's asthma.

The round-the-world sailor and Galway native Bill King died on Friday, 21 September, 2012, aged 102.