The administration process will only affect the Harland & Wolff holding company, allowing the firm’s four UK yards to continue trading.
In a statement the new management said there are potential buyers for the sites in Belfast, Methil, Arnish and Appledore in Devon.
On Saturday, the firm’s executive chairman, Russell Downs, said the yards “together or separately have a credible future”.
The GMB union said the yards were vital for the future of shipbuilding and the renewables sector.
Gary Cook, GMB Scotland Senior Organiser for Manufacturing, said: “This is a hammer blow to Scotland’s energy workforce and an all too familiar story.
“But it does not need to be the end of the yards at Arnish or Methil. They can and must be cornerstones of Scotland’s manufacturing foundations.
“Both the Scottish and UK Governments have made promises of a just transition. It’s now time for them to keep those promises and secure the future of these yards.”
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