Last Clyde shipbuilder could be nationalised

Ferguson Marine Engineering, the last civilian shipyard on the Clyde river, could be nationalised, Derek Mackay, Scotlands’s finance and economy secretary, said yesterday.

Management at the shipbuilder announced plans last week to put the company into administration, days after Harland and Wolff from Northern Ireland had done a similar move.

“We are ready and willing to take Ferguson Marine into public ownership,” Mackay said in a statement yesterday, adding: “We are hopeful that all parties recognise the importance of completing that transfer as quickly and as smoothly as possible.”

The Scottish yard is the last remnant of what used to be one of the major shipbuilding clusters of the world. These days its 350-strong workforce is mainly engaged in ferry construction.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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