Anglo-Norwegian Kvaerner Group has delayed its review of global shipbuilding, which had been due this week, until mid April.
The review is expected to reveal the group’s plans for its 12 shipyards, including Govan in Glasgow, which employs 1,200 workers and desperately needs to secure new orders to survive.
At least half of Kvaerner’s shipyards throughout the world are losing money. Industry sources say that with the continuing depression in global shipbuilding markets, Kvaerner may sell off some or all of its yards.
In the past decade, under Kvaerner’s ownership, Govan is said to have lost £150m, including public subsidies.
The yard was told last month that it is on the short-list for a £200m roll-on roll-off ferry order for the Ministry of Defence, although winners will not be named until the autumn. Govan will run out of new orders by mid-summer.
The yard has just secured an order from Harland & Wolff for 1,500 tonnes of steel work for an oil drilling ship and is hopeful of winning more from the Belfast yard. Unions at Govan say the yard is also in advanced talks with VSEL about helping with work on its order for surface ships for the MoD.