Belfast's Harland & Wolff, Titanic builder, secures $25m loan, CEO John Wood departs, and operations cease on Scilly Ferries.

Belfast shipyard Harland & Wolff, known for building the Titanic, has secured a $25m loan to avoid collapse, increasing its debt to $140m. CEO John Wood left the company, and it will cease operations on Scilly Ferries to focus on core business functions. The company is part of a consortium with a £1.6bn contract to build ships for the Royal Navy, and has hired Rothschild & Co to assess strategic options.

August 01, 2024
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