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Displaying items by tag: worth a fraction

Twin newbuild ferries that are delayed and overbudget at a shipyard in Scotland and which are to serve Caledonian MacBrayne (CalMac) could be worth a “fraction” of the £360m taxpayers have spent on them when they are finally completed, MSPs have been told.

Speaking on the newbuilds to operate on the west coast, Liberal Democrat leader Alex Cole-Hamilton had raised concerns as Wellbeing Economy Secretary, Neil Gray updated the Scottish Parliament in Holyrood on the works carried out on the dual-fuelled powered newbuilds Glen Sannox (as above) and Glen Rosa.

The twins, each 102m in length are being built at the Ferguson Marine shipyard in Port Glasgow for CalMac so to bolster its ageing fleet. The new ferries (with a reduced passenger capacity of under 1,000: see story) are set to go into operation on the Ardrossan-Brodick (Isle of Arran) route on the Forth of Clyde. 

Leadship Glen Sannox and newbuild no 105, Glen Rosa which in recent months was given a name, have been beset by issues which have seen multi-year delays and cost overruns. Combined this has put the cost of construction to £360m, compared with the initial £97m price tag when the contract was signed for the liquefied natural gas (LNG) and marine diesel fuelled ferries.

STV News has more on the shipyard saga, as the ferries which were to have entered service in 2018.

Published in Shipyards

About MGM Boats

MGM Boats is one of Ireland's leading boat brokers now operating internationally as well as throughout Ireland. MGM Boats was founded in 1997 by brothers Martin and Gerry Salmon who were previously worked as a carpenter, joiner and glass fibre laminator in the 1980s. Martin progressed to boat retailing in the late 1980s and Gerry was a service manager in the 1990s. From these many years of experience, MGM Boats was founded in 1997. It started out as a service, maintenance and repairs company based in Malahide, Co. Dublin.

The company grew in 1998 when the Aquador dealership was acquired. Starting as they meant to go on, in 2001 MGM became distributors for Jeanneau Motorboats and Yachts and also opened its second office in Belfast. MGM had begun to create what would be an international and acclaimed brokerage company.

In 2003, MGM Boats moved to Dun Laoghaire Harbour, Co. Dublin. The large office space and yard expanded the service department and paved the way for MGM to acquire the dealership for Sunseeker in Ireland in 2003.

From then, MGM built up its brokerage listings and in 2009 it opened its office in Hamble, UK. This has led to many years of MGM being present at all major UK boat shows, and each year growing their presence and listings.

The success of MGM's brokerage listings spread internationally, leading in 2012 to 2 new offices being opened in the Mediterranean - in Villamoura, Portugal and Mallorca, Spain. The now international brand and team throughout these years received many awards for their enterprising spirit, customer service and international presence, including winning Sunseeker Distributor of the Year in 2007, 2009 and 2011.

This also led to a new Irish office being opened in Kinsale, Co. Cork increasing their presence within Ireland as well as abroad.

At A Glance – MGM Boats Agencies

MGM Boats are Irish agents for the following yacht and motorboat manufacturers

  • Jeanneau sail
  • Jeanneau power
  • Prestige
  • Lagoon catamarans
  • Aquador
  • Bayliner
  • Zodiac

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