The company that built the Titanic has entered administration, the British equivalent of US Chapter 11 bankruptcy proceedings, for the second time in five years. Harland & Wolff said it had been left in a "difficult financial position" by the British government's rejection of a request for a $264 million...

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Titanic Shipbuilder Goes Bankrupt

Harland & Wolff has announced it is insolvent and will appoint administrators. An administration order will likely be made this week, it added. The company said between 50 and 60 jobs are to be lost immediately, most of them based in London, but staff employed at its four shipyards are not affected. Harland and Wolff has four shipyards – one in Belfast, two in Scotland (Methil on the Firth of Forth and Arnish on the Isle of Lewis) and one in Eng…

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Titanic Builder Harland & Wolff Set To Collapse Into Administration - Great Yorkshire Radio

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Patrick Spain, Michael Wolff

Harland & Wolff, famed for constructing the iconic RMS Titanic, has declared bankruptcy after failing to secure sufficient funds.

Marine Insight

‘Titanic’ Shipbuilder Harland & Wolff Files For Bankruptcy

The British shipbuilder Harland & Wolff, famed for constructing the iconic RMS Titanic, has declared bankruptcy after failing to secure sufficient funds. The firm, which also builds warships for the UK government, revealed on September 16, 2024, that it will begin administration proceedings in the coming days. The company applied for a £200 million ($264 million) loan from UK Export Finance but was denied, leaving it unable to pay its debts. Ful…

latecruisenews.com

British shipyard Harland & Wolff, famous for building the Titanic, declared insolvent after being denied a loan of £200 million, but as the firm prepares for restructuring and layoffs, its core operations, including building warships for the British government, will continue The company is considering the sale of key assets and seeking new sources of financing. Still, he believes the shipyards have a strong future

Britská loděnice Harland & Wolff, známá stavbou Titaniku, vyhlásila platební neschopnost poté, co jí byl zamítnut úvěr ve výši 200 milionů liberI když se ale firma chystá na restrukturalizaci a propouštění, její základní činnosti, včetně stavby válečných lodí pro britskou vládu, budou pokračovatSpolečnost zvažuje prodej klíčových aktiv a hledá nové zdroje financování. Přesto věří, že loděnice mají silnou budoucnost

Titanic Shipbuilder Goes Bankrupt

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