Shipbuilding News – Late January 2025
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The Harland and Wolff shipyards are to be put into administration as part of the takeover process by Spain’s state-owned shipbuilder.
Legal notices of intention to appoint administrators to the four yards were published this week meaning the company’s new owner, Navantia, will not be stuck with the firm’s legacy debts.
The company that owns Harland and Wolff went into administration in October, but the firms which operate each of the yards continued to trade as normal.
Luxury boat-maker Fairline Yachts has collapsed into administration just weeks after it was bought by new investors.
Alvarez & Marsal has been appointed to look after the day-to-day running of the Oundle, Northamptonshire, business. It said Fairline would continue to trade, with no immediate job losses.
