New blow for Harland & Wolff as contract terminated

Harland & Wolff - cranes

Beleaguered shipbuilder Harland & Wolff has suffered another setback with the Falkland Islands Government deciding to pull the plug on port engineering works by the firm.

It comes after the UK government refused to stand by a £200 loan guarantee, prompting the departure of popular CEO John Wood, and a decision by the new board to block a fast ferry operation.

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