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‘Business As Usual’ At Harland & Wolff As Owner Says It’s Filing For Bankruptcy

26th June 2019
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‘Business As Usual’ At Harland & Wolff As Owner Says It’s Filing For Bankruptcy Photo: Ardfern/Wikimedia

Harland and Wolff’s Norwegian majority owner has announced it will file for bankruptcy — but the Belfast shipyard says business will continue as usual, as the Belfast Telegraph reports.

The move comes after Dolphin Drilling ASA, formerly Fred Olsen Energy, says it failed to reach a deal with its creditors.

Harland and Wolff, which in recent years has diversified from shipbuilding to the renewable energy sector, is expected to be sold this year as part of its parent company’s restructuring plan.

A spokesperson for Harland and Wolff Heavy Industries Ltd said: “The announced developments in relation to DDASA are not expected to impact this sales process and we are operating very much on a business as usual basis.”

The Belfast Telegraph has more on the story HERE.

Published in Belfast Lough
MacDara Conroy

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MacDara Conroy

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MacDara Conroy is a contributor covering all things on the water, from boating and wildlife to science and business

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