Harland and Wolff: Shipyard to go into administration

Historic shipyard Harland and Wolff has been placed into administration after failing to secure new funding.

The move puts 160 jobs at risk at the Belfast shipyard, which is best known for building the Titanic.

Harland and Wolff has been struggling for several years and has been loss-making since 2011. The company had been in talks with potential investors but was unable to reach an agreement.

The shipyard's collapse is a major blow to the Northern Ireland economy. Harland and Wolff is one of the region's largest employers and has a long history of shipbuilding in Belfast.

The company was founded in 1861 and built many of the world's most famous ships, including the Titanic, Olympic, and Britannic.

In recent years, Harland and Wolff has diversified into other areas, such as offshore wind and renewable energy. However, the company has struggled to compete with international rivals and has been hit by the downturn in the global shipping industry.

The shipyard's collapse is a sad day for Belfast and for the Northern Ireland economy.