Loss making Belfast shipbuilder Harland & Wolff, the firm that among other great vessels built the Titanic, has declared itself insolvent after failing to secure funding to continue trading, and will be initiating administration proceedings.
Add your comment!The Titan submarine that went missing Sunday when trying to catch a glimpse of the Titanic's wreckage in the middle of the Atlantic Ocean Sunday has been proven to have imploded, with no survivors among its 5-men crew, the US Coast Guard reported Thursday.
A submarine transporting tourists to explore the remains of the Titanic, which sank in 1912, has disappeared off the coast of Terranova, Canada, according to the BBC. One crew member and four tourists are missing and a search operation has been launched, the U.S. Coast Guard has confirmed.
Accountancy firm BDO has been appointed administrators to North Ireland's shipbuilders Harland and Wolff, a spokesman for the Belfast shipyard has said. An insolvency request is expected to be filed at the High Court in Belfast on Tuesday.