Harland & Wolff, Titanic’s Builder, Declares Insolvency Amid Financial Struggles
Harland & Wolff, the historic shipbuilder responsible for constructing the Titanic, has declared itself insolvent after failing to secure critical funding. The 163-year-old UK-based company announced on Monday that it would likely enter administration in the coming days, following the rejection of its £200 million ($264 million) funding request from UK Export Finance. While administration…