Ecospeed Marine Ltd News

Portsmouth Shipbuilding Group was set up in the wake of the decision made by BAE Systems last year to relocate its shipbuilding division to the Clyde, in Scotland, a move that put hundreds of jobs at risk, reports ‘The [Portsmouth] News'. But the project needed £100m of government money to get off the ground, and as no commitment was made by ministers that the cash or another Offshore Patrol Vessel [order] would come to light, it never happened. Now the workforce, which also included Aurora Ventures, Ecospeed Marine Ltd, Offshore Expeditions, and Burgess Marine, has decided the dream is over and has disbanded, says 'The News'.