Ferguson Marine, Scotland’s largest commercial shipbuilder, has announced that it is planning to enter the superyacht market. The move follows on from a £12m investment plan that involves the redevelopment of the yard due for completion by the end of 2016.
The redevelopment of the yard will allow the company to build vessels up to around 130m and involves a total refurbishment of the facility, with upgrades for some existing buildings and some to be constructed brand new.
Ferguson Marine, which was bought of administration by the Clyde Blowers Capital group in September 2014, has plans to purchase a yacht and then enlarge it at their newly developed yard, in order to experience the first-hand challenges that yacht building can bring.
Clyde Bowers, a Glasgow-based independent industrial company led by entrepreneur Jim McColl, currently best known for the construction of roll-on / roll-out ferries, and their portfolio of over 360 ships.
John Morgan, director of business development at Ferguson Marine, commented “Ferguson has no history of building yachts, but we see it as a potential market for the future.”