Menu

Ireland's sailing, boating & maritime magazine

In association with ISA Logo Irish Sailing

Scottish Shipyard on the Clyde Has Deadline for Nationalising Postponed

4th September 2019
The Scottish shipyard of Ferguson Marine, located in Port Glasgow is the last civilian shipyard left on the Clyde. The Scottish shipyard of Ferguson Marine, located in Port Glasgow is the last civilian shipyard left on the Clyde. Photo: GettyImage/BBC Scotland News -facebook

Scottish National Party ministers, The Herald writes, have extended the deadline for finding a buyer for the last civilian shipyard on the Clyde.

Finance Secretary Derek Mackay told MSPs the marketing of Ferguson Marine in Port Glasgow could take 50 per cent longer than anticipated.

The business, which employs 300 workers, went into administration last month after a £97m contract for two CalMac ferries ran two years late schedule and £100m over budget.

When Mr Mackay took the yard under public control on August 16, he said ministers would nationalise it unless there was a viable commercial offer within four weeks.

However in an update at Holyrood, he marketing it would now last another two to four weeks. He said the priority for ministers was safeguarding jobs and finishing the boats.

He said: “The Scottish Government will at all times remain open to discussions with any parties interested in securing a viable commercial future for the yard. But we will also explore the option of keeping the yard in public ownership, and how this might protect sustainable shipbuilding on the lower Clyde.”

For further reading click this link 

Published in Ports & Shipping
Jehan Ashmore

About The Author

Jehan Ashmore

Email The Author

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. 

We've got a favour to ask

More people are reading Afloat.ie than ever thanks to the power of the internet but we're in stormy seas because advertising revenues across the media are falling fast. Unlike many news sites, we haven’t put up a paywall because we want to keep our marine journalism open.

Afloat.ie is Ireland's only full–time marine journalism team and it takes time, money and hard work to produce our content.

So you can see why we need to ask for your help.

If everyone chipped in, we can enhance our coverage and our future would be more secure. You can help us through a small donation. Thank you.

Direct Donation to Afloat button

Featured Sailing School

INSS sidebutton

Featured Clubs

dbsc mainbutton
Howth Yacht Club
Kinsale Yacht Club
National Yacht Club
Royal Cork Yacht Club
Royal Irish Yacht club
Royal Saint George Yacht Club

Featured Brokers

Featured Webcams

Featured Associations

ISA sidebutton
ICRA
isora sidebutton

Featured Events

tokyo sidebutton
sovscup sidebutton
vdlr sidebutton

Featured Chandleries

CHMarine Afloat logo
osm sidebutton
viking sidebutton

Featured Sailmakers

northsails sidebutton
uksails sidebutton

Featured Marinas

dlmarina sidebutton

Featured Blogs

W M Nixon - Sailing on Saturday
podcast sidebutton
mansfield sidebutton
BSB sidebutton
sellingboat sidebutton

Please show your support for Afloat by donating