Shipyard gets buyer

GEC is expected to sign a deal this week to buy Kvaerner’s loss-making Govan shipyard on the Clyde. Unions will be given the details when they meet the Government taskforce today (Friday). Following the signing of an agreement, work on at least one of two Ministry of Defence oil replenishment vessels will be transferred from […]

GEC is expected to sign a deal this week to buy Kvaerner’s loss-making Govan shipyard on the Clyde.

Unions will be given the details when they meet the Government taskforce today (Friday).

Following the signing of an agreement, work on at least one of two Ministry of Defence oil replenishment vessels will be transferred from GEC’s Barrow-in-Furness yard to Clydeside.

GEC’s Marconi Marine subsidiary, which runs Barrow and the Yarrow naval ship yard on the Clyde, is reported to be at least 18 months behind on the two MoD vessels.

Govan was one of the original bidders for this £200m contract and failure to win the work contributed to Kvaerner’s decision to sell.