Meeting of the Parliament 03 March 2026 [Draft]
It is worth putting on record what my colleague said a few moments ago—that a third of the vessels in the fleet are being replaced as we speak, and we have, today, set out plans for further work.
When it comes to timescales, due diligence and formal approvals are required, so I will reserve my position on when the work will start. However, we understand that the sequence will be the completion of the Glen Rosa, then the bridge to those four additional vessels. As I said in my statement, we expect the proposed programme to provide additional work over the next five years but, critically, it will also allow for the yard to secure additional work on the open market.
It is critical that that pipeline of work is understood as a means to bridge the gap. It is not a case of wanting Ferguson Marine to work with only one customer—namely, the Scottish Government.