Gray Enterprises News Today : Breaking News, Live Updates & Top Stories | Vimarsana

An attempt to approve the sale of the Harbour Grace shipyard to a new owner encountered head winds on Thursday after a majority owner came forward with a last-minute offer and asked for a delay in the process.

One of Newfoundland and Labrador's largest shipyards, Harbour Grace Ocean Enterprises, has been granted court protection from its creditors as it struggles with a serious cash flow problem.