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Harland and Wolff placed in Administration
The famous Belfast shipbuilder Harland and Wolff has confirmed that the business is being placed into administration after declaring huge losses.
Looks like HMGs previous decision not to offer a financial deal has hurt the company somewhat, and has put the future of the FSS project at serious risk.
BBC article here
Potential buyers - Spanish builders Navantia and Babcock International. UK shipbuilding really is in a perilous state!
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“Sailors, with their built in sense of order, service and discipline, should really be running the world.”
Nicholas Monsarrat
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