Vosper Thornycroft To Move Shipbuilding Work

Thursday, October 12, 2000
Vosper Thornycroft Holdings Plc hopes to move its shipbuilding operations to Portsmouth from Southampton, including its work on the Royal Navy's new destroyer. The company said it had compared the merits of Portsmouth Naval Base and its current shipyard at Woolston, Southampton and that greater space at Portsmouth gave it clear advantages. "Portsmouth is our preferred location, but any move will be subject to successful negotiations with the Ministry of Defense for the lease of land and securing the short-term and long-term shipbuilding contracts that we need," Vosper chief executive Martin Jay said in a statement. Any short-term work would continue to be carried out at Woolston until 2003. In July, Vosper won part of a billion pound contract awarded to defense group BAE Systems to build three new Type 45 warships and they have been in discussions since then to decide detailed arrangements for the construction and assembly of the ships. "If we can secure the contracts that we need, we very much hope that all of our shipbuilding workforce will move with us," the statement said. The company said it would keep its corporate headquarters in Southampton.
Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

Keel-Laid for Navy's 10th LCS at Austal Yard

The Navy and Austal USA held a keel-laying ceremony for the future 'USS Gabrielle Giffords', the Navy's 10th littoral combat ship (LCS), in Mobile, Ala., informs

Homeland Security Secretary Visits Ingalls Shipbuilding

Huntington Ingalls Industries' Ingalls Shipbuilding division apprises it has hosted a visit by Secretary of Homeland Security Secretary Jeh Johnson and U.S. Rep.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Pod Propulsion Salvage Ship Simulators Winch
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: 0.1089 sec (9 req/sec)