Salvation is on hand for the famous Northern Irish shipyard that built the Titanic.
BDO, the administrator for Harland & Wolff, has said they have received two valid bids for the yard
BDO will now assess each bid. A trade union rally on behalf of the existing 120 workers at the yard is scheduled for this Friday.
Harland & Wolff was nationalised in 1975 and was purchased by Norway’s Fred Olsen Energy in 1989. Fred Olsen Energy, now known as Dolphin Drilling, filed for bankruptcy protection earlier this year and put Harland & Wolff up for sale. A deadline for the shipyard to find a buyer expired this month. It has not built a ship since 2003, when it transformed its business to move into the renewable energy sector.
