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Displaying items by tag: Saves Belfast Shipyard

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.

For more to read, click here. 

Published in Belfast Lough

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