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The company that built the Titanic has entered administration, the British equivalent of US Chapter 11 bankruptcy proceedings, for the second time in five years. Harland & Wolff said it had been left in a “difficult financial position” by the British government’s rejection of a request for a $264 million loan, CNN reports. The company said “non-core” jobs would be cut but its core operations would continue to operate while it is in administration, including the Belfast shipyard that built the Titanic. In recent years, the company has focused on ship repair, but it delivered its first new vesse…

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