Scottish Shipyard: 350 Jobs at Risk as Ferguson Directors Serve Notice of Administration

11th August 2019

The sole surviving commercial shipyard on the Clyde, Afloat adds is Ferguson Marine at Port Glasgow, where the facility is intended to be put into administration. Above the much delayed dual-fuel newbuild Glen Sannox planned for CalMac's Isle of Arran ferry route on the Firth of Clyde linking Ardrossan. Credit: Nicola Sturgeon-twitter

The Independent reports, around 350 jobs are at risk after the directors of a shipyard on the River Clyde in Port Glasgow served notice of their intent to go into administration, five years after it staved off closure.

The decision was taken ”with great regret and disappointment”, said Gerry Marshall, the chief executive of Ferguson Marine Engineering Limited.

He added: “This decision has not been taken lightly, but the directors do not consider there to be any other options in the current circumstances. However, the directors will continue to support the shareholder and the Scottish Government to realise a positive outcome for the business and its employees.”

The shipyard was previously in administration five years ago until it was bought by Clyde Blowers Capital (CBC).

Ferguson Marine won the £97m fixed price contract to build the MV Glenn Sannox and a second Hull 802 for CalMac, which is due to be deployed in the Outer Hebrides.

The shipyard’s parent company, owned by Jim McColl, also criticised Caledonian Maritime Assets Ltd (CMAL) and the Scottish Government in the wake of the move.

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Published in Ports & Shipping

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Jehan Ashmore

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Jehan Ashmore is a marine correspondent, researcher and photographer, specialising in Irish ports, shipping and the ferry sector serving the UK and directly to mainland Europe. Jehan also occasionally writes a column, 'Maritime' Dalkey for the (Dalkey Community Council Newsletter) in addition to contributing to UK marine periodicals.

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