Owner of Belfast shipyard that built Titanic to enter administration

I wonder what will happen to the land around the shipyard if they do file for bankruptcy?

EDIT: Horrible thing to say but I can’t wait when they do auction off items from the shipyard, you never know what you might get!
 
Such a gut punch for families of the people, who used to work there.
They might still be able to work there. What has gone into administration is the H&W holding company, which owns three shipyards. The individual yards are quite likely to be bought by other companies so what will be lost is the name but not necessarily the employment.

It might even be a good thing in terms of shipbuilding jobs if a new owner can redevelop the Belfast yard. H&W haven’t actually built a ship there for over 20 years. The main business has been wind turbine blades and oil rig repairs.
 
It is such a shame to see the family business that has been based at Queen's Island for the last 163 years (thriving may I add) suddenly go out of business. The one question I have is how are the mainland shipbuilders in Europe still doing well. Do they have adequate facilities and H&W doesn't? Why don't they sell the UK shipyards to keep the main operation going ?
 
It is such a shame to see the family business that has been based at Queen's Island for the last 163 years (thriving may I add) suddenly go out of business.
But it hasn't been thriving for a long time. It has been in nearly terminal decline since the 1950s/60s, like the shipyards of the Clyde and Tyne, and the main reason it didn't close long ago was because it got preferential tratment by successive governments in an attempt to prop up the failing economy of Northern Ireland.

Why don't they sell the UK shipyards to keep the main operation going ?
I assume you mean GB rather than UK. Northern Ireland is part of the UK. Selling the other shipyards wouldn't raise enough cash to bail out H&W's dire financial problems. The bright side, as I said before, is that the Belfast yard may prosper under a new owner like Babcock International or Navantia.
 
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Someone should have warned them that Samson and Goliath both came to sticky ends!
I went on a school trip to the H&W yard in 1969, just after Goliath was erected. The new dry dock had been built over the previous few years and the old Arrol gantry was disused for years and about to be demolished. Samson would be erected in the next 5 years to complete the new facilities. We were given a presentation telling us how the shipyard was moving into a new era and gearing up to build the new breed of supertankers.

Regrettably they never won the anticipated tanker orders, which continued to go to the far east. The new facilities were oversized and expensive for the ship repair business that continued to come H&W's way and the yard continued to languish.
 
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