Rumbles: Ferguson Marine losses bear hallmarks of poorly managed contract

Scottish Liberal Democrat Transport spokesperson Mike Rumbles MSP has today commented on accounts filed by Ferguson Marine showing that the shipbuilder has posted losses of £60m.

The shipyard is currently building two new ferries for the Clyde and Hebrides network, ordered by Caledonian Maritime Assets Ltd (CMAL), which buys and leases the CalMac ships on behalf of the Scottish Government.

Ferguson Marine boss Jim McColl recently described the construction of the two vessels as “a real albatross around our neck” and “a headache from day one”. The vessels were previously due this summer but they will now not arrive until at least Summer 2019 and Spring 2020 respectively.

Mr Rumbles said:

“These ferries are already months behind schedule and now the firm in charge of construction is posting significant losses.

“This has been a poorly managed and opaquely funded deal from the beginning.

“The Scottish Government must ensure that the boats, which ministers backed with tens of millions of pounds worth of extra secretive loans, are delivered and high tech manufacturing jobs secured.”

Share this post on social media:

Sign in with Facebook, Twitter or Email.