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Old 6th August 2019, 10:40
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Tmac1720 Northern Ireland Tmac1720 is offline
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Join Date: Apr 2017
Location: Newtownabbey
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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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