Fred Olsen renewed his merchant fleet by new builds from Japan and Korea yet he owned H&W. If you owned Tesco why would you shop in Lidl?....
Short answer to the reason for H&W going to the wall...the land was worth more than the shipyard. 350 acres of prime real estate slap bang in the centre of Belfast. New apartments, office blocks and hotels springing up all the time...if you bought a riverside apartment for £1 million would you want a noisy dirty shipyard next door? I think we know the answer.
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Oul scabby knuckles
If at first you don't succeed, destroy all evidence that you tried
Anything God didn't create was made by engineers.
I try so hard to make things idiot proof but they keep making better idiots
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