Titanic builder Harland & Wolff set to collapse into administration
- Harland and Wolff's holding company is expected to enter administration, marking its second insolvency in five years.
- An audit expressed "material uncertainty" about the company's future without new contracts or funding.
69 Articles
69 Articles
Shipbuilder Harland & Wolff to Appoint Administrators as Debt Woes Deepen
Harland & Wolff said on Monday it plans to appoint administrators in the coming days as the company known for building the Titanic struggles with a debt crisis.The Belfast-based shipbuilder, which survived closure once in 2019, said it would…
Titanic shipbuilder sinks back into trouble
Iconic shipbuilder Harland and Wolff, famed for constructing the doomed Titanic, said Monday it faced renewed financial difficulties, forcing it to offload non-core assets to preserve its shipyards.The Belfast-based company said in a statement that it was appointing outside administrators to help sell or wind down non-core assets, including its Scilly Ferries business.Harland and Wolff's interim executive chairman Russell Downs said "extremely d…
Harland and Wolff, one of the largest British shipbuilding companies, at whose shipyard the Titanic was built, will come under external control... RIA Novosti, September 16, 2024
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