Shipyard wins battle over £20m claim

The future of Belfast shipyard Harland and Wolff looked brighter today after it won its appeal over an arbitration claim for more than £20m.

In November, Mr Justice Tomlinson allowed an application by BMBF (no12) Ltd - a special-purpose English company indirectly wholly-owned by Barclays Bank plc - over the construction of a shipbuilding contract which meant that it is under no obligation to pay any amount to the yard.