Harland & Wolff has failed to land a £344 million sterling (€580.29 million) contract for two cruise ships with a start-up cruise company, Luxus Holdings.
The contract has been awarded to the British shipbuilder Cammell Laird instead following months of negotiations between the two companies.
The award is conditional on a government subsidy for the shipbuilder and loan guarantees supplied by the British Department of Trade and Industry.
Harland & Wolff negotiated for the contract with Luxus following its failed bid to land the contract for the Queen Mary II earlier this year.
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Last week the Belfast yard secured its future by landing a multi-million pound contract for two UK Ministry of Defence ferries.
