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Ferguson shipyard to be given contracts to build four vessels

  • The Scottish Government proposed a partial direct award of four vessels to Ferguson Marine, including two small ferries and replacements for Scotia and Minna, in a statement to MSPs on Tuesday.
  • Having been nationalised in 2019, Ferguson Marine faced delays and overruns on Glen Sannox and MV Glen Rosa, with costs rising from an original contract total £97m to over £700m.
  • The government confirmed that engagement with the Competition and Markets Authority is among the steps required before formal contract awards, with Hyslop emphasizing a detailed due diligence process.
  • Ministers and MSPs warned of legal and political risks as Audit Scotland will probe the situation and the award would help unlock up to 14.2m of pledged funding for the Port Glasgow shipyard.
  • While planning a return to private ownership, Scottish Government ministers say they will return Ferguson Marine 'when the time is right' despite annual funding cuts from £47.86 million to £23.9 million and only £700,000 approved so far.
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Maritime Reporter broke the news in on Tuesday, March 3, 2026.
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