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The 163-year-old British shipmaker that built the Titanic said that it’s insolvent after failing to acquire the funding needed to stay afloat.
Harland & Wolff, a Belfast company that specializes in ship repair, shipbuilding and offshore construction, said the rejection of its request for a $264 million facility from UK Export finance has left the loss-making company in a difficult financial position.
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The 163-year-old British shipmaker that built the Titanic said that it’s insolvent after failing to acquire the funding needed to stay afloat.
Harland & Wolff, a Belfast company that specializes in ship repair, shipbuilding and offshore construction, said the rejection of its request for a $264 million facility from UK Export finance has left the loss-making company in a difficult financial position.