Ferguson Marine

Ferguson and Ailsa were separated in 1986 when the latter yard was sold and Ferguson was merged with Appledore Shipbuilders in Devon to form Appledore Ferguson Shipbuilders Ltd.[2] By the late 1980s only the Appledore Ferguson yards were still held in state ownership.[3] Ferguson was demerged from Appledore and acquired by Greenock-based engineering firm Clark Kincaid in 1989 and started trading as Ferguson Shipbuilders.[1][2] Clark Kincaid itself was acquired by Kvaerner and became Kvaerner Kincaid in 1990,[4] and the Ferguson yard sold to Ferguson Marine plc in 1991.[2] The entire shareholding in Ferguson Marine was acquired by the Holland House Electrical Group in 1995.[5] The sign above the main gate continued the name Ferguson Shipbuilders Limited.[6]

New office building and entrance moved near the A8 road, Glen Sannox and Hull 802 in 2017.

In August 2014, the shipyard placed the company into administration and the following month Clyde Blowers Capital, an industrial company owned by Jim McColl, purchased the yard for £600,000 and renamed it Ferguson Marine Engineering Ltd (FMEL).[6]

In August 2015, government-owned Caledonian Maritime Assets announced that an order for two ferries for Caledonian MacBrayne service, capable of operating on either marine diesel oil or liquefied natural gas, had been won by Fergusons.[7] Originally intended for delivery during 2018, construction difficulties (the reasons for which are in dispute) have led to a two-year delay for the first ship, Glen Sannox, which was launched in November 2017.[8][9]

FMEL was part of two consortia's bids for the programme for five type 31 frigates for the Royal Navy, worth some £1.25 billion. The consortia are those led by Babcock International and Atlas Elektronik UK.[10] After their bid was selected, a contract was formally awarded to Babcock Group on 15 November 2019, for an average production cost of £250 million per ship and an overall programme cost set to be £2 billion.[11]

On 30 October 2018, FMEL secured a contract to construct a large air cushioned barge for Mangistau ACV Solutions Ltd, part of the CMI Offshore Ltd Group, with estimated completion scheduled in 2019.[12] In December 2018 FMEL announced that two orders worth £5.4 million had been secured from Inverlussa Marine Services for fish farm support ships, to be completed in May 2019, and that three more for fishing vessels, totaling £11 million, were in the pipeline.[13] By July 2019 the ferry dispute had led to delays in closing the trawler contracts.[14]

Ferguson Marine from the east, across Coronation Park, with MV Glen Sannox still at Newark Quay, lacking progress since being launched.

Attempts by Clyde Blowers Capital to negotiate with the Scottish Government over the increased costs and delays to ferries failed, and on 9 August 2019 the directors of FMEL gave notice that the company would be put into administration.[9] A week later the Scottish Government announced that they would take over management of the yard to allow work to continue on current orders, and that if no private buyer could be found in four weeks, the yard would be nationalised by purchase.[15] At the start of December, after three private bids to purchase the yard were rejected as being insufficiently favourable to creditors, the government formally took ownership of the shipyard, and in the process wrote off about £50 million of previous loans.[16]

The newly nationalised shipyard was renamed Ferguson Marine (Port Glasgow) Ltd. as of 2 December 2019.[16] The costs and viability of completing contracts was investigated, and Tim Hair was appointed as turnaround director. On 22 January 2020 he told a Scottish Parliament inquiry that the large ferries MV Glen Sannox and Hull 802 were "significantly less than half built", with 95% of their design still to be agreed with the client body Caledonian Maritime Assets. Additional naval architects and marine engineers had been engaged to complete this design work.[17]

In March 2020 Ferguson Marine announced that they had taken a four year lease on a large warehouse sited at Greenock waterfront, and would use it to consolidate stock and materials which had been stored in several warehouses near Glasgow Airport.[18] The large air cushioned barge for CMI Offshore Ltd (ordered from FMEL in 2018) was launched on 24 June 2020, to be taken to the Caspian Sea to be completed and outfitted for oil exploration work in that area.[19]

The company's board of directors with six non–executive members, including Alistair Mackenzie as chairman, was appointed in June 2020 by the Scottish Government Cabinet Secretary Fiona Hyslop.[20]