Harland & Wolff: Over 1,000 jobs saved at Titanic builder after £70m rescue deal completes Business A deal to save troubled shipbuilder Harland & Wolff, which crashed into administration owing more than £160m last year, has been completed. The acquisition, first announced in December 2024, will save over 1,000 jobs. Spain-headquartered Navantia has acquired the business and assets of Harland & Wolff Group, which include all four operating yards in Belfast, Appledore, Methil [...]
Navantia on cusp of £70m rescue deal for Titanic shipyard Harland & Wolff Business Ministers are hoping to announce Harland's acquisition by the Spanish shipbuilder Navantia as early as Thursday, according to Sky News.
Titanic shipyard Harland & Wolff closes in on rescue deal with Navantia Transport and infrastructure Navantia has won approval from the Cabinet Office to take control of the Harland & Wolff's four UK shipyards, Sky News reported.
Harland & Wolff’s botched Scilly Ferries venture collapsed owing £3m November 19, 2024 Scilly Ferries was set up by the firm's former management, but it was ultimately wound down before a single voyage was made.
Huge debts at Titanic shipbuilder Harland & Wolff revealed October 31, 2024 Titanic shipbuilder Harland & Wolff owed more than £160m when it collapsed into administration last month, it has been revealed. Teneo was appointed to oversee the process at the 162-year-old holding company in September while its subsidiary firms, including its prized Belfast shipyard, will continue to trade under the control of the directors. Now a [...]
Harland & Wolff: Spanish rival nears deal to buy Titanic shipbuilder October 13, 2024 Spanish state-owned shipbuilder Navantia is reportedly closing in on a deal to buy Titanic maker Harland & Wolff out of administration.
Why London is a ‘very positive’ story for UK shipping October 10, 2024 More than a quarter of the UK's deep sea shipping cargo travels through London Gateway port, with a ramp up in capacity expected this decade.
Harland & Wolff: Titanic shipbuilder calls in administrators September 27, 2024 Historic Titanic shipbuilder Harland and Wolff has called in administrators and said it was preparing to cut jobs today after falling into insolvency for the second time in five years. The administration process is confined to the 162-year-old holding company while its subsidiary firms, including its prized Belfast shipyard, will continue to trade under the [...]
‘Extremely frustrated and angry’: Harland & Wolff shareholders despair as buyers circle beleaguered Titanic builder September 18, 2024 The crisis at Harland & Wolff reached a head on Monday when the shipyard revealed it would likely enter administration later this week.
Lessons must be learned from the demise of Harland & Wolff September 17, 2024 Harland & Wolff on Monday declared insolvency following weeks of turmoil since the government refused to provide financial support.
