Harland & Wolff hit by up to £34m order cuts and supply chain delays

1 year ago 64

Belfast shipbuilders famous for the Titanic suffer loss of revenues as it prepares for MoD contract

Harland & Wolff has been hit by supply chain delays and order cuts worth at least £34m, in a blow for the owner of Belfast’s historic shipyard as it prepares to restart shipbuilding under a Ministry of Defence contract.

The company said it will generate revenues of between £29m and £31m for 2022, significantly below the £65m-£75m it said it expected in September.

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