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03 August 2020 The on-line newspaper devoted to the world of transports 10:34 GMT+2

December 3, 2019

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Marine Scotland nationalizes the historical Ferguson ship yard

Mackay: our priorities are the completion of the two CalMac ferries, the safeguard of the places of work and the guarantee of a future for the yard

The Scottish government has announced to have agreed with the Marine administrators of Ferguson the acquisition of the ship yard of Port Glasgow, that he will so return in public hand after the administrators of the company, than last August is placed in controlled administration - it has yesterday specified the executive in a note - has estimated that the three commercial offers reached in order to find the activity of the society or they could not be pursued or they did not constitute the best one turned out for the creditors of the yard regarding the sale of the company to the Scottish government.

"From beyond two years - the minister to Finances has explained, Derek Mackay - we work in order to find a solution to the Marine difficulties of Ferguson and our priorities remain the completion of the two CalMac ferries, the safeguard of the places of work and the guarantee of a future for the yard. In absence of a practicable commercial solution, the administrators have concluded that the public property is in the best interest of the creditors. Now that this is confirmed, I am determined to continue to work to tight contact with all the staff of the yard to the aim to continue the construction of the ships and to obtain the best ones turned out possible for the yard and employee its. The Marine assumption of new staff near Ferguson - it has specified Mackay - represents a meaningful step ahead so that this can happen. Moreover to define a new program for the completion of the two ferries remains one of the main engagements for the management of the yard and as soon as possible I will give account of the update of the program and the costs for the delivery of the two ferries".

The ship yard will be renamed Ferguson Marine (Port Glasgow) Ltd. to the aim to evidence the historical tie with the first name of the company founded in 1903 as Ferguson Brothers (Port Glasgow) Ltd.

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