Titanic shipyard set to go bankrupt

BELFAST, Northern Ireland - The iconic Belfast shipyard Harland and Wolff, which built the Titanic, headed toward bankruptcy on Monday as its workers vowed to continue a weeklong occupation of the site.

The company is set to file for insolvency on Tuesday at the High Court in Belfast, with accounting firm BDO appointed administrators, according to reports.

The moves came after Dolphin Drilling, the Norwegian parent of Harland and Wolff which filed for bankruptcy in June, failed to find a buyer for the giant of Northern Ireland's industrial past.