Ferguson Marine (Port Glasgow) Ltd.
The commercial transaction nationalising the shipyard was completed on 2 December 2019, making it a new business named Ferguson Marine (Port Glasgow) Ltd..[28][29]
The costs and viability of completing contracts was investigated, and on 22 January 2020 turnaround director Tim Hair told a Scottish Parliament inquiry that the large ferries MV Glen Sannox (2017) 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.[30]
The vessels for Inverlussa Marine Services were built in the large prefabrication shed. The 21-metre fish farm workboat was named Helen Rice in a launch ceremony on 27 January 2020 attended by Scotland's finance and economy secretary Derek Mackay, then lifted by crane into the water on 29 January.[31][32] Sea trials and delivery were completed in March.[22] That month, 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.[33] 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.[34]
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.[35]
In February 2021, the firm announced it would take on 120 additional workers with the intention of operating seven days per week.[36] On 15 March the 26-metre fish treatment workboat for Inverlussa was airbag launched, and named Kallista Helen.
The bulbous bow of Hull 802 was fitted in September 2021, and reported as a landmark in significant progress to both ships, deliveries of which by January 2022 were running up to five years late.[37][38]
Fergusons had bid for two new ferries to be ordered by CMAL, but was not included on the shortlist to submit detailed tenders.[39] On 16 December David Tydeman was appointed chief executive, to take over from Tim Hair in February 2022.[40]
On 16 March 2023, Tydeman wrote to Scottish Ministers requesting a reset of the timetable for delivery of the two ferries to no later than end 2023 for Glen Sannox (Hull 801) and no later than end 2024 for Hull 802. The shipyard is aiming to delivering earlier – Glen Sannox in autumn 2023 and Hull 802 before late summer 2024.[41]
In May 2023, Ferguson announced that it had secured an initial contract with BAE Systems to fabricate three steel units for HMS Belfast, the third City Class Type 26 frigate currently being constructed by BAE Systems.[42]
In July 2025, Ferguson signed a contract with BAE Systems to fabricate three structural components for HMS Birmingham, the fourth City Class Type 26 frigate currently being constructed by BAE Systems.[43]
