Shareholders to be wiped out as Titanic shipbuilder sinks into administration
Harland & Wolff has confirmed that shareholders in the troubled Titanic shipbuilder will be wiped out after bosses formally ...
USNI9d
HII: Fewer than 2 Dozen Shipyard Workers Involved in Suspect Welds, Delay in 17-Sub Contract Creates ‘Unpredictability’
To make up for the cost difference the Navy developed a payment scheme called the Shipbuilder Accountability and Workforce Support plan, also known as SAWS, that would move workforce money from ...
City A.M.9d
Huge debts at Titanic shipbuilder Harland & Wolff revealed
Titanic shipbuilder Harland & Wolff owed more than £160m when it collapsed into administration last month, it has been revealed. Teneo was appointed to oversee the process at the 162-year-old ...
AOL1mon
Titanic shipbuilder formally enters administration
Harland and Wolff, the Belfast-based shipbuilder which built the Titanic, has formally entered administration for the second time in five years. Last week the company’s board had warned that the ...
City A.M.27d
Harland & Wolff: Spanish rival nears deal to buy Titanic shipbuilder
(Photo: Getty Images) Spanish state-owned shipbuilder Navantia is reportedly closing in on a deal to buy Titanic maker Harland & Wolff out of administration. The two firms are in exclusive talks ...
Bloomberg L.P.10d
GE, Shipbuilder HII Reach Settlement on Aircraft Carrier’s Faulty Gears
Shipbuilder HII has settled claims against General Electric Co. that one of its units produced faulty propulsion gears for the USS Gerald R. Ford, the US’s costliest warship, that hobbled the ...
GMA Network10d
Upgrades to BRP Gregorio Del Pilar completed says shipbuilder
Shipbuilder firm Herma Shipyard Inc. (HSI) on Wednesday said it has finished the drydocking and upgrading the Philippine Navy’s BRP Gregorio Del Pilar (PS-15). In a statement, HSI said the offshore ...
Investopedia9d
S&P 500 Gains and Losses Today: Huntington Ingalls Stock Sinks as Shipbuilder Cuts Outlook
Huntington Ingalls shares sank after the military shipbuilder missed quarterly profit estimates and cut its full-year sales forecast. Labor market strength helped drive a strong quarter for HR and ...
scmp.com18d
China shipbuilder shores up yuan’s use in trade via landmark containership deal
A prominent state-owned Chinese shipbuilder known for being at the centre of the nation’s naval modernisation has signed a deal that will help advance the yuan’s internationalisation while ...
Sky6d
Spanish shipbuilder Navantia races to finalise Harland & Wolff takeover
Navantia, the Spanish shipbuilder, is racing to finalise a takeover of the stricken shipyard-owner that built the Titanic amid urgent talks to reshape a major government contract. Sky News has ...
The Straits Times26d
Yangzijiang Shipbuilding discloses customers began arbitration proceedings for $1.09 billion
The China-based shipbuilder said in a regulatory filing on Oct 12 that the customers had in 2022 terminated the contracts for the 10 vessels shortly after placing orders for them in late 2021.