Historic Shipyard that Built the Titanic Files for Bankruptcy [Video]

For the second time in five years, Harland & Wolff has entered into administration, which is the UK equivalent of filing for bankruptcy. A new management is being brought on to analyze the situation and decide on the best course of action, now that the British government has officially denied them a $264 million loan that would have kept them afloat for a while longer.

Back in 2019, the shipyard, whose history goes back 163 illustrious years, was in a similar pickle. After going into administration and securing new investors, it was able to soldier on and keep all its four shipyards open. For …