TRT World

Harland & Wolff, the storied shipbuilder renowned for constructing the Titanic over a century ago, is currently navigating turbulent waters as it seeks avenues for financial stability. Based in Belfast, this historic company is facing significant challenges in finalizing its 2023 accounts and has temporarily suspended work on its unpublished financial statements, marking a critical juncture in its operations. In response to these difficulties, Harland & Wolff has enlisted the expertise of financial advisors Rothschild & Co to explore options for preserving its essential services across its delivery centers in Belfast, Appledore, Methil, and Arnish.

With a renewed focus on recapitalization, the company aims to secure sustainable financial footing, relying on the support of its lender, Riverstone, which recently boosted its short-term liquidity. While shares remain suspended on the London Alternative Investment Market (AIM), Harland & Wolff is committed to finding the best pathways forward to maintain its legacy and operational capabilities in the competitive shipbuilding industry