Scottish Shipyard On the Clyde Taken Into Public Ownership

4th December 2019

Scottish shipyard Ferguson Marine located at Inverclyde has been taken into public ownership. In this file photo, the first of a pair of ferries under construction, Glen Sannox is to operate for Scottish state-owned operator CalMac on the Isle of Arran service across the Firth of Clyde. Credit: The Herald-twitter

Shipyard Ferguson Marine has officially been taken into public ownership, the Scottish Government has announced.

The move, reports STV News, came on Tuesday after administrators agreed the final terms of the transaction with Scottish Ministers.

The yard will now be known as Ferguson Marine (Port Glasgow) Ltd.

There had been three other offers for the Inverclyde site, however administrators concluded the sale to the Scottish Government represented the best outcome for creditors.

Staff at the shipyard have been told of the latest position.

For more click here to read.

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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