Harland & Wolff, the Belfast shipbuilder tied to Titanic, faces financial collapse; denied £200M loan, seeks new ownership.
Harland & Wolff, the Belfast shipbuilder famous for the Titanic, faces imminent financial collapse, risking hundreds of jobs. The company has only enough funding until the end of the month and was denied a £200 million government loan guarantee. Amid management turmoil and a £25 million expenditure investigation, potential buyers, including Babcock International, are emerging as the firm seeks new ownership to secure its future and fulfill naval contracts.
September 13, 2024
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