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Ferguson MarineMV Glen SannoxTim HairMakes Statement

Pandemic shutdowns add £4.3 million costs

11 Mar, 2021

An extra £4.3m in costs have been added to the cost of the MV Glen Sannox and it sister ship. The Port Glasgow shipyard had to suspend working for four months during the first lockdown and was closed for another four weeks earlier this year. The shutdowns cost £3.3m and £1m respectively.

Tunaround director, Tim Hair, says the Covid shutdowns were being treated as “exceptional costs”, but the previously-announced remedial work, costing £110m-£114m, remained within budget. Hair said that 80% of design work was now signed-off by regulators and that the latest delivery schedule of April to June 2022 for Glen Sannox, and December 2022 to February 2023 for the second ship, was still achievable. Hair says the yard should be able to take on new work from next spring.

To date, 191 applications have been received for skilled workers, with 40 so far identified as having the relevant skills.

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