London CNN —Harland & Wolff, the 163-year-old firm that built the Titanic, has declared itself insolvent after failing to secure funding to continue trading.
The Titanic under construction at a Harland & Wolff shipyard in Belfast.
Krista Few/Corbis/Getty ImagesThis is not the first time that Harland & Wolff has prepared for bankruptcy.
Last year, Harland & Wolff, which completed the Titanic in 1912, delivered its first finished vessel from its historic Belfast site in two decades.
Activity on the Islandmagee project will also continue as normal, Harland & Wolff said.
Persons:
London CNN — Harland, Wolff, Harland, —, ”, Russell Downs, Krista Few, Harland & Wolff, Matt Roberts, GMB
Organizations:
London CNN —, Administration, UK Export Finance, Belfast, Harland, Storage, “, UK’s Ministry of Defence
Locations:
United Kingdom, “, Belfast, British, Northern Ireland, Scotland