Two bids lodged for Harland & Wolff

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.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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