Titanic shipyard Harland and Wolff to file for insolvency

Business Aug 6, 2019

Titanic shipyard Harland and Wolff to file for insolvency

Harland and Wolff, the Belfast shipyard that built the Titanic, was put into administration on Monday after its bankrupt Norwegian owner failed to find a buyer and calls for its nationalization were rebuffed. The shipyard, whose towering yellow cranes dominate the Northern Irish city's skyline, ...

Business / Corporate Oct 19, 2016

Mitsubishi Heavy to scale down shipbuilding business

Mitsubishi Heavy Industries Ltd. said it will scale down its shipbuilding operations by withdrawing from the money-losing large passenger ship business. The company said Tuesday it will concentrate on building small- and medium-size passenger vessels and passenger-cargo ferries, and is considering spinning off that business. It ...

Business / Corporate Jan 29, 2015

Shikoku shipbuilder to build first new dock in 16 years

Imabari Shipbuilding Co. said Thursday it will invest around ¥40 billion to build its first new dock in 16 years because the weaker yen has improved its competitiveness. The dock will be completed by October 2016 in Marugame, Kagawa Prefecture, to build 11 huge container ...

Business / Corporate Dec 24, 2014

Mitsubishi Heavy looks to spin off ship-building business

Mitsubishi Heavy Industries Ltd. is considering spinning off part of its ship-building business to turn around its overall earnings, sources said. The heavy machinery maker may set up a separate company to build vessels such as liquefied natural gas and liquefied petroleum gas carriers while ...