{"id":2355,"date":"2024-12-23T20:03:10","date_gmt":"2024-12-23T20:03:10","guid":{"rendered":"https:\/\/krogragg.com\/?p=2355"},"modified":"2024-12-23T20:03:10","modified_gmt":"2024-12-23T20:03:10","slug":"navantia-to-acquire-harland-wolffs-shipyards","status":"publish","type":"post","link":"https:\/\/krogragg.com\/?p=2355","title":{"rendered":"Navantia to acquire Harland & Wolff\u2019s shipyards"},"content":{"rendered":"\n
Navantia to acquire Harland & Wolff\u2019s shipyards<\/div>\n

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Spanish state-owned shipbuilder Navantia has reached a deal that will see it acquire all four of the shipyards operated by U.K. shipbuilder Harland & Wolff, whose holding company went into administration September 27.<\/a><\/p>\n

The deal also promises to secure the future of the U.K.\u2019s Fleet Solid Support Ship (FSS) program<\/a> in which Navantia, Harland & Wolff and BMT are partnered to build three support vessels for the Royal Fleet Auxiliary.<\/p>\n

Under the agreement, which remains subject to completion and regulatory approvals, Navantia U.K. will manage all four facilities.<\/p>\n

The U.K. Department of Trade & Industry Jonathan Reynolds said that the deal will secure the future of Harland & Wolff\u2019s shipyards in Northern Ireland (Belfast), Scotland (Arnish and Methil) and Devon (Appledore), and protect workers\u2019 existing terms and conditions.<\/p>\n

Noting that the deal would ensure the delivery of the FSS ships, the department said, \u201cthe FSS ships are important for safeguarding the U.K.\u2019s aircraft carriers\u2019 military capability by delivering vital supplies to the Carrier Strike Group, and this deal will ensure the U.K.\u2019s shipbuilding capability by retaining jobs and manufacturing in the U.K.<\/p>\n

\u201cThe Government has worked closely with Navantia U.K. and agreed an amendment to the existing FSS Program contract on commercial terms, which makes the minimum changes necessary to ensure Navantia can still deliver on the contract and build all three Navy ships,\u201d noted the department<\/p>\n

Not everyone is going to come out of this smiling. The Financial Tim<\/em>es quotes Harland & Wolff\u2019s interim executive chair as saying that the sale to Navantia will \u201cregrettably\u201d mean losses for creditors and suppliers<\/a> when the deal is finalized in January,<\/p>\n

The post Navantia to acquire Harland & Wolff\u2019s shipyards<\/a> appeared first on Marine Log<\/a>.<\/p>\n<\/div>\n

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\n Nick Blenkey
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Navantia to acquire Harland & Wolff\u2019s shipyards Spanish state-owned shipbuilder Navantia has reached a deal that will see it acquire all four of the shipyards operated by U.K. shipbuilder Harland & Wolff, whose holding company went into administration September 27. The deal also promises to secure the future of the U.K.\u2019s Fleet Solid Support Ship […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1543,1544,192,1545,199],"tags":[193],"class_list":["post-2355","post","type-post","status-publish","format-standard","hentry","category-fleet-solid-support-ships","category-harland-wolff","category-marinelog","category-navantia","category-news","tag-marinelog"],"_links":{"self":[{"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/posts\/2355"}],"collection":[{"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/krogragg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2355"}],"version-history":[{"count":0,"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/posts\/2355\/revisions"}],"wp:attachment":[{"href":"https:\/\/krogragg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/krogragg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/krogragg.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}