David Tydeman, CEO of Ferguson Marine, has expressed his hope to secure substantial new orders.
Ferguson Marine’s CEO, David Tydeman, conveyed optimism about the company’s future during a recent Public Audit Committee meeting.
Addressing the company’s strategy, he noted, “We have been planning for some time, and I am delighted that we were able to sign a framework agreement with BAE Systems.”
Tydeman stressed the potential of the Ferguson workforce, much of which will become available as work on current projects ends. He stated, “Both those yards (BAE and Babcock) have more work than they can do on their sites…and they need supporting contractors,” hinting at an opportunity to channel the surplus workforce towards other lucrative contracts.
While some hope is placed on the Type 26 programme, Tydeman revealed a renewed focus on wider market opportunities. “We have a small commercial team that is tracking the market and we have been putting in proposals to the patrol craft market,” he shared.
The wind farm market, according to Tydeman, is a significant potential growth area. “The most significant development, which will create 10 to 15 years of work in Scotland, is the commitment by two major operators in the wind farm market that want to build some of their ships in Scotland.”
He stated that these potential new orders could start as early as 2027. While acknowledging that this wouldn’t fill the immediate gap, he stressed the long-term importance of these contracts, referring to them as “a very significant opportunity for us in the future.”
This strategic focus on securing new contracts, specifically in the wind farm and patrol craft markets, bodes well for Ferguson Marine’s future, despite recent serious concerns.
So looks like Ferguson won’t be bothering with building ferries which Scotland desperately needs and was the entire basis for the rescue by the SNP.
THE SNP doesn’t care about issues like Ferguson, just like the Scots don’t care about them anymore.the demise of British shipbuilding, mining, an steel production is something that we need to reverse. WWE buy foreign stee,coal and commercial ships from abroad, denying the country of money that could, or should be ours.
Cannot produce Steel in this country as it no longer fits with the greens ideas of sustainability
Fingers crossed The Greens will have a bit of a rude awalening soon then.
It’s time to rethink this ‘climate above all else’ strategy to ensure its effects are more paletable to the majority of UK citizens rather than the Stop Oil Bridage and their pious cohorts
I’m as green as they come in terms of ideology – I work in green stuff and move in green circles – and as a wet green I can reassure you that our ideas hold precisely diddly sway over what this country does or doesn’t do. The idea that we might not produce what we need solely on the basis of an environmental argument is laughable. Env reasons might be used as an excuse not to do something or greens used as scapegoats to justify a decision, sure, but the real reasons will as ever be financial and/or political short… Read more »
The SNP have snubbed Ferguson and scottish shipbuilding in general by ordering their ferries from the Turks.
Westminster is the only chance for Scottish Shipbuilding.
No Fergusons could not build anything till these 2 turkeys launch
Big Market in Accommodation barges, or Rubber Dinghies, beyond that BAKED BEAN CANS
I hope for the sake of the work force these plans mature.
Not sure about this, maybe just maybe Ferguson should prove that they can build a ferry before getting BAE contracts for blocks of one of the most advanced frigates in the world.
We’ll see more yards turning to wind farm work from 2026. With the promise of 28b per year for green energy it will dwarf military ship building, which will reduce as we tilt back towards home waters.
Who in the right mind would give that incompetent company any contracts. They can’t build two ferries on time and on budget plus they would be lining the pockets of directors with associations to the snp.
Spin
With Putin announcing at todays Russian Navy day that the Russian Navy will get 30 new ships this year, they must be in with a shout for a few of them!!
Pretty amazing how they can build, commission, arm and crew 30 new ships inside a year whilst being under sanctions and seeing thousands of young men either being killed or maimed or fleeing to Georgia.
The answer to that is they can’t. Unless these new “ships” are row boats.
Saying they’ll do it and actually doing it are two different things.
If I had a penny every time they said they’d replace Admiral K I’d be rich.
Surely any subcontract work should go to Tyne, Belfast, Liverpool, Falmouth, Portsmouth, Appledore anywhere but Ferguson! They have proved lack of competence beyou d any reasonable doubt