Harland and Wolff saved

A British energy infrastructure firm has bought Northern Irish shipyard Harland and Wolff for $7.3m, staving off closure of the famous brand that built the Titanic.

London-based InfraStrata is expected to conclude its takeover the insolvent yard by the end of this year. The facility has focused on energy-related projects rather than shipbuilding for the last few years.

The yard is set to be involved in works on InfraStrata’s proposed underground gas storage facility at Islandmagee in Co Antrim.

Harland and Wolff’s chief executive John Wood said: “Harland and Wolff is a landmark asset and its reputation as one of the finest multipurpose fabrication facilities in Europe is testament to its highly skilled team in Belfast.”

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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