‘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.
Full story ‘Titanic’ Shipbuilder Harland & Wolff Files For Bankruptcy
