InfraStrata, the parent company of Belfast shipyard Harland and Wolff, has entered into a memorandum of understanding (MoU) with Spanish shipbuilding company Navantia SA.
Under the MoU, the companies plan to cooperate on offshore wind projects, among other things.
Subject to completion of the acquisition of the assets of Harland & Wolff Heavy Industries Ltd and Harland & Wolff Group PLC by InfraStrata, the memorandum envisages utilizing these assets for the purposes of providing a range of services to Navantia, the company said.
These services will include supporting Navalia in its proposed tender for contracts to provide three new Fleet Solid Support ships for the Royal Fleet Auxiliary in the UK. Also, both parties will co-operate closely on other opportunities in the offshore wind renewables sector and other projects, the company said.
John Wood, Interim Chairman and Chief Executive Officer, said: "We are very excited by the opportunity that this MoU presents InfraStrata and the Harland & 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."
"The combination of Navantia's footprint in these sectors and Harland and Wolff's fabrication and other support capabilities offers the ideal commercial environment to bring large and challenging projects to successful fruition," he added.