On March 6, DHT Holdings, Inc. (“DHT” or the “Company”) announced that it has taken delivery of the second VLCC newbuilding from Hanwha Ocean. The vessel is named DHT Addax and is entering the spot market.
Duncan Anderson, Chair of Ferguson Marine, said: “This direct award does more than just help with our order book; it underpins our future, improves our resilience and confirms our strategic importance to the country.
The package of vessels as part of the proposed award includes the design and build of a new class of Marine Protection Vessel (MPV) and Marine Research Vessel (MRV) for Marine Scotland to replace MPV ‘Minna’ and MRV ‘Scotia’, originally built by Ferguson Marine and currently nearing the end of their service lives.
The additional vessels are two CalMac passenger ferries for Caledonian Maritime Assets Limited (CMAL) as part of the second phase of the Scottish Government’s Small Vessel Replacement Programme. Ferguson Marine has constructed around a third of the vessels serving as part of the current CalMac fleet – many of which are operating well beyond their intended service life.
The Port Glasgow shipyard is a strategic national asset, which has been in operation for over a century and has been wholly owned by the Scottish Government since its nationalisation in 2019.
David Dishon, CFO of Ferguson Marine, said: “Securing a contract of this magnitude would be a significant step towards financial sustainability. We have navigated considerable headwinds over the past few years, but this direct award would allow us to turn a corner.