Hot Posts

6/recent/ticker-posts

Harland & Wolff axes Scilly fast-ferry service as it agrees £20m loan

Fast catamaran to be returned before entering service as stricken shipbuilder winds down non-core businesses

• Business live

A ferry service to the Isles of Scilly has been axed before carrying a single fare-paying passenger, as the struggling operator Harland & Wolff winds down all non-core businesses.

The stricken Belfast-based shipyard company that built the Titanic, announced the closure of its Scilly Ferries subsidiary on Thursday, as it confirmed details of a rescue funding deal with its lenders, led by a US investment firm.

Continue reading...

Post a Comment

0 Comments