Harland & Wolff, the historic shipbuilder known for constructing the Titanic, is entering administration for the second time in five years, putting 50-60 jobs at immediate risk. The company failed to secure a £200 million government loan guarantee needed to restructure its finances. This insolvency will impact the holding company but not the operational shipyards in Belfast, Scotland, and England, which are expected to continue trading. The move jeopardizes the UK government's plan to build three new warships in Belfast, potentially forcing reliance on foreign shipyards. Teneo has been appointed as the insolvency practitioner to oversee the process. The shipbuilder's future remains uncertain as it seeks new ownership to maintain operations.