The Axe Continues to Swing at Cammell Laird

Monday, August 20, 2001
Insolvent British shipbuilder Cammell Laird Plc is cutting a further 117 staff, a spokesman for its receivers PricewaterhouseCoopers told Reuters on Monday.

The spokesman said 34 jobs out of 59 were being shed at its Tyneside operation in northeast England while 83 of 136 jobs were being cut at Birkenhead in northwest England.

Cammell Laird went into receivership in April after a series of cancelled orders hit its finances. Earlier this month, the firm, a symbol of the decline in British shipbuilding, announced it was axing 330 jobs on top of more than 600 job cuts made earlier in the year.

Last Friday, ship repair outfit A&P Group Holdings bought the plant and equipment of each of Cammell Laird's yards at Birkenhead, Tyneside and at Teeside, also in northeast England.

The receiver said Cammell Laird was not being sold as a going concern and any existing contracts would remain its responsibility. At the time, a PwC spokeswoman said the remaining staff at the shipyards would also be made redundant over time.

The yards in Birkenhead, Tyneside and Teeside were effectively mothballed at the end of July.

Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ship Repair & Conversion

MSC Geneva Gets Fatter

A revolutionary new option to scrapping for younger panamax containerships deemed too small for a tradelane involves widening the vessel rather than adding length.

Record Bulk Shipping Demolition Rates in 1H15

Monthly demolition rates in the dry bulk shipping sector averaged 3.3 million DWT for 1H15, according to new figures from BIMCO, compared to 1.3 million DWT last year.

Silversea Cruises Plans New Flagship

Cruise operator Silversea Cruises has unveiled its new flagship, the Silver Muse, which will begin sailing the seas in April 2017.    Built by Italian shipbuilding company Fincantieri,

Tanker Trends

NITC Claims World's Largest Supertanker Fleet

According to the head of the National Iranian Tanker Company (NITC), Iran has 42 very large crude carriers or VLCCs, each able to carry 2 million barrels of oil, reports Press TV.

Teekay LNG Partners Declares Distribution

Teekay GP LLC, the general partner of Teekay LNG Partners L.P. has declared a cash distribution of $0.70 per unit for the quarter ended June 30, 2015. The cash distribution is payable on August 14,

NITC Tankers Chart Western Course

Iran’s largest shipping company NITC, the privatized Iranian shipping company, is in talks for permission to sail in Western waters, says a report in WSJ.   NITC

 
 
Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1070 sec (9 req/sec)