Signing of Scottish Government Sees Fergusan Marine Enter Public Ownership Deal

3rd November 2019

Scottish Government Finance Secretary, Derek Mackay said the action taken would help to ensure a future for the yard where above AFLOAT adds is newbuild Glen Sannox, the first of the pair of public sector ferries (for operator CalMac) which the yard is working to finally complete. Note on the superstructure the Scots-Gaelic name of the duel-fuel ferry is 'Gleann Sannaig' Credit: The National-twitter

A contract has been signed by the Scottish Government to take the troubled Ferguson Marine shipyard into public ownership, reports The National.

It follows an agreement reached last month for the Government to take over the yard after the firm entered administration in August. A meeting of the board of directors of Macrocom – the company wholly owned by Scottish ministers that will own the Ferguson Marine business and assets – was held yesterday to consider and sign the contract.

Full completion of the contract and the final transaction is expected to take place in the coming weeks.

Finance Secretary Derek Mackay said the action taken would help to ensure a future for the yard. “Our focus has always been on ensuring completion of the two public sector ferries at the best value for money for the taxpayer, while also working towards the delivery of the other vessels under construction at the yard, and in doing so, securing jobs for the workforce,” he said.

About The Author

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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