Harland & Wolf looks to be

[James Curry]

Harland & Wolf looks as if it could be heading into adminstration yet again.
After promises and deals being made to enable H&W to become a ship builder again. Forming a joint contract with Spanish company Navanta.
H&W was seen as the best option to contsruct the new RFA fleet replenishment ships for the MOD.
Well the £200 million loan guarantee has sat on someones desk for months in some government department. On Monday H&W were informed the guarantee would not be forth coming.

Well I understand one of the reasons why!!! I suspect that already having an outstanding credit facility for $115 million with a Wall Street lender Riverstone at an interest rate of 14%

John Wood resigned as the company’s chief executive on Friday.

Hopefully someone will step in.

https://www.ft.com/content/8b9555c0-...1-99049720ef9f

[Alan Briggs]

Shame Harland & Wolf are very good shipbuilders.

[James Curry]

H&W have secured another £25 million from I believe Wall Street lender Riverstone. Part of the deal was that the CEO John Wood resigned.
Also H&W have pulled out of a Ferry companies Scill Isles to Penzance service.

[Alan Briggs]

An Australian billionaire Clive Palmer has expressed interest in becoming involved, Clive is a bit eccentric wants to build a replica of the Titanic but he has got a LOT of of money.

[James Curry]

H&W !!The ship yard that built the Titanic!!it is a millstone around their neck. Sad really that as soon as H&W is mentioned the first thing people mention is the Titanic, ask them how long the RMS Olympic was in service for most would not know(1911/1937). Those that do know might mention the time Olympic and HMS Hawke had a collision in the Solent with Captain Edward Smith in command, even though there was a pilot on the bridge at the time.