Belfast shipyard Harland and Wolff has received a boost after parent company InfraStrata announced it will benefit from a new venture with a Spanish shipbuilder.
InfraStrata, which raised the £6m to complete a deal to buy H&W earlier this month, has signed a memorandum of understanding with Navantia.
It said the companies will now work on a “multitude of infrastructure and marine projects to take them to commercial fruition”.
The company said the plan would involve using Harland and Wolff to provide services to Navantia – including helping the Spanish firm in a proposed tender for three ships for the Royal Fleet Auxiliary.
InfraStrata chief executive John Wood said: “We are very excited by the opportunity that this MoU presents InfraStrata and the Harland and Wolff business.
"Navantia is world renowned for its ship-building capabilities and offshore infrastructure expertise and experience, and therefore has access to significant commercial opportunities in these sectors.”
Nearly 80 jobs at Harland and Wolff were saved when InfraStrata stepped in to buy the stricken shipyard, which built the Titanic. It got into financial difficulties following the administration of its former owner, Dolphin Drilling, earlier this year.