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Displaying items by tag: Credible Bids

Two "credible" bids, reports Belfast Telegraph, have now been received for the stricken shipyard Harland & Wolff, it's been claimed.

DUP leader Arlene Foster and the party's East Belfast MP Gavin Robinson made the claim following a meeting with business advisors BDO, who were appointed administrators two weeks ago.

However, BDO would not confirm whether two bids were now on the table, nor the identity of any firms behind the bids.

Harland & Wolff has been facing financial difficulties following a downturn in business and the bankruptcy of its Norwegian parent company Dolphin Drilling, formerly Fred Olsen Energy. And most of its 123 staff have been occupying the site for around four weeks as they repeat calls for the UK Government to renationalise the business.

Mr Robinson said he and Mrs Foster had held a "positive" meeting with the administrators.

The newspaper has more here to read on this ongoing story. 

Published in Belfast Lough

About the J24 keelboat

American Rod Johnstone designed the J/24, a one-design boat, in the mid-1970s.

Since 1977, it has been manufactured and at present, at least 5,500 hulls have been constructed throughout the globe.

The J/24 has significantly contributed to the popularity of competitive sailing, and numerous internationally recognised racing personalities have won international J/24 championships.

This class still thrives and remains a favourite among owners and crews of all levels.