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Ferguson Marine’s losses narrow after shipbuilding business returns to black

Ferguson Marine, the owner of the last independent commercial shipbuilder on the Clyde, has revealed narrowing losses and said its core shipbuilding business was back in the black, thanks largely to contracts from the renewable sector.

According to the group’s latest accounts, obtained by The Herald from Companies House, the Port Glasgow operation raised turnover to £6 million for the year to the end of May, compared with £5.9m the year before.