Harland and Wolff declares bankruptcy

One of the most illustrious names in British shipbuilding looks set to disappear with the filing for insolvency of Belfast’s Harland and Wolff today on Tuesday.

Accountancy firm BDO has been appointed administrator.

Under Norwegian parent company Fred Olsen Energy the shipyard has been carrying out mainly marine engineering projects such as oil rig refurbishment and work on wind turbines of late, employing a workforce of around 130 persons.

The last ship the yard built was a ferry for the Ministry of Defence in 2003, while last year it carried out a GBP50m refurbishment of the cruiseship Azamara Pursuit.

All a far cry from the yard’s glory days back in the early 20th century when it was the world’s leading builder of ocean liners – including the ill-fated Titanic, constructed at the yard between 1909 and 1911.

At its height Harland and Wolff employed more than 30,000 workers.

Read more: Maritime UK sets out wish list to new PM Johnson

Posted 6 August 2019

© Copyright 2019 Seatrade Informa Markets. Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Seatrade Informa Markets.

Seatrade ShipTech Middle East 2019

Related Topics

Bob Jaques

Author Bio ▼

Editor of Seatrade Maritime Review Bob Jaques is the editor of Seatrade Maritime Review with over 20 years' experience as a maritime journalist and moderator of shipping conferences. Before that he was based in Geneva and wrote for a number of international business and consumer titles, in the fields of aerospace, media and travel.

Sign up to get the latest Maritime News headlines emailed directly to your inbox

SUBSCRIBE