Financial Ports

Scotland Bets on Tugboats to Save Ferguson Shipyard from Collapse

CLAVE 1 / 4Ferguson Marine shipyard faces 70 potential layoffs, a quarter of its workforce, after completing its last commercial assignment.

CLAVE 2 / 4Scotland’s Transport Secretary announces a stopgap plan to build tugboats on speculation using a prepackaged design.

CLAVE 3 / 4The yard’s flagship project, the Glen Rosa ferry, is a decade behind schedule and set for delivery by the end of 2026.

CLAVE 4 / 4Critics slam the plan for lacking detail, following delays to four no-bid contracts announced in March.

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