UK shipyard on brink of administration
A shipyard in Belfast, UK is expected to go into administration on Monday 5 August after failing to secure a buyer.
The Harland and Wolff shipyard was put up for sale in June when its Norwegian owner Dolphin Drilling filed for bankruptcy.
“There has been a series of board meetings, the result of which is that administrators will be appointed over the course of the day,” a company spokesperson said.
The shipyard, famous for building the Titanic, has seen its workforce dramatically diminish from a peak of around 35,000 in the 1920s to less than 200 with redundancy notices thought to have been issued to staff.
Shipyard workers from unions Unite and GMB are calling for the shipyard to be nationalised to save the jobs of those working there.
Jonathan Guest has been CEO of Harland and Wolff since May 2018.
The company’s services include designing and building offshore platforms and modules, foundations and renewable energy devices and prototypes. It also offers an assembly and logistics base, ship and offshore unit design, repair and conversion, building and decommissioning, alongside, engineering design services.
Related Articles
MARINE CONSTRUCTION
POWER & PROPULSION
ENVIRONMENT