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The Guardian - UK
The Guardian - UK
Business
Rob Davies

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

Harland Wolff John Wood United States Riverstone Rothschild Co
Atlantic Wolff catamaran
The much-delayed new ferry sailings were scheduled to begin in May but the Atlantic Wolff fast catamaran arrived in Cornwall only in July. Photograph: Scilly Ferries

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.

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