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

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

Shipping industry, Manufacturing sector, Cornwall, Business, UK news Business | The Guardian

​Fast catamaran to be returned before entering service as stricken shipbuilder winds down “non-core” businessesBusiness live – latest updatesA fast 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… 

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

Business live – latest updates

A fast 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… 

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