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.


Ship Repair & Conversion

MN100: Conrad Shipyard

The Company: Conrad Shipyard was established in 1948 and is headquartered in Morgan City, Louisiana. The company designs, builds and overhauls tugboats, ferries,

MN100: TPG Marine Enterprises, LLC

The Company: TPG Marine Enterprises, LLC is an operations, logistics and consulting company that specializes in all aspects of cargo movement on the Inland Waterways System.

Wärtsilä Re-gasification system for Norwegian Ship Conversion

Wärtsilä has been contracted to supply the re-gasification system for an FSRU (Floating, Storage, Re-gasification Unit) conversion project that Höegh LNG plans to carry out on a modern LNG vessel.

Tanker Trends

Hellenic Petroleum Profits Rise on Higher Exports

Hellenic Petroleum, Greece's biggest oil refiner, posted a 20 percent rise in second-quarter core profit on Thursday, with higher exports offseting lower refining margins.

Alfa Laval Launches DuroShell LPG/E Cargo Condenser

With the new Alfa Laval DuroShell plate-and-shell heat exchanger, Alfa Laval aims to strengthen its offering in LPG/E cargo reliquefaction with a construction that

Navy Discovers Malaysian Tanker

Indonesia's navy has found a tanker carrying almost US$400,000 worth of diesel that was taken by its own crew last week due to a commercial dispute, says a report in AFP.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Salvage Ship Repair Ship Simulators 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: 0.0642 sec (16 req/sec)