Category: Wolff
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Titanic shipbuilder Harland & Wolff set for £70m rescue deal from Spanish rival
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Harland & Wolff, the historic UK shipbuilder best known for building the Titanic, is on the verge of concluding a £70 million salvage deal with Spanish state-owned shipbuilder Navantia. The agreement, which is supported by the British Government, is expected to save more than 1,000 jobs at the company’s four…
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Fears grow as Harland & Wolff nears administration, risking royal navy ship contract
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Harland & Wolff, the historic Belfast shipyard best known for building the Titanic, is on the verge of bankruptcy, putting a £1.6bn contract to build three Royal Navy warships at risk. The troubled shipbuilder, which is expected to file for administration as early as Monday, faces a cash shortfall by…
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Harland & Wolff bailout sparks concerns over future of Royal Navy warships
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The future of Harland & Wolff’s historic shipyard is in jeopardy after a $25 million emergency bailout, raising concerns that Royal Navy ships could soon be built overseas. The Belfast-based company, best known for building the Titanic, has scrapped plans to restart ferry services between Cornwall and the Isles of…