Harland & Wolff, 163-year-old company that built Titanic, declares itself insolvent

Harland & Wolff, the 163-year-old company that built the Titanic, has declared itself insolvent after failing to find new funding. The shipbuilder will soon enter into administration, while four of its shipyards will continue operating. Harland & Wolff, which once survived closure in 2019, has been in turmoil since the UK government rejected its request for £200 million credit facility.