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An energy firm, BBC reports, that agreed to buy the Harland and Wolff shipyard in Belfast has raised the money it needs to complete the deal.

InfraStrata raised £6m through a share issue on Monday.

The east Belfast shipyard, best known for building the Titanic, was agreed for sale to the London-based firm last month.

It went into administration in August, putting 120 jobs at risk, after its Norwegian parent company collapsed.

InfraStrata shareholders need to approve the deal at a meeting on 29 November.

More here on this story. 

Published in Belfast Lough

THE RORC:

  • Established in 1925, The Royal Ocean Racing Club (RORC) became famous for the biennial Fastnet Race and the international team event, the Admiral's Cup. It organises an annual series of domestic offshore races from its base in Cowes as well as inshore regattas including the RORC Easter Challenge and the IRC European Championship (includes the Commodores' Cup) in the Solent
  • The RORC works with other yacht clubs to promote their offshore races and provides marketing and organisational support. The RORC Caribbean 600, based in Antigua and the first offshore race in the Caribbean, has been an instant success. The 10th edition took place in February 2018. The RORC extended its organisational expertise by creating the RORC Transatlantic Race from Lanzarote to Grenada, the first of which was in November 2014
  • The club is based in St James' Place, London, but after a merger with The Royal Corinthian Yacht Club in Cowes now boasts a superb clubhouse facility at the entrance to Cowes Harbour and a membership of over 4,000