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Troubled shipyard's turnaround director Tim Hair to leave

Ferguson Marine says Tim Hair will be replaced in February by a new permanent chief executive.

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Rail fares are to rise by 3.8% in March, the government has confirmed, in line with July’s RPI inflation rate.

Friday, 17 December 2021

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  • Ferguson shipyard turnaround expert Tim Hair departs before ferries are built [subscription]Hair, 61, had been commuting from his home in Gloucester to the Port Glasgow yard. He was put in charge after a bitter dispute between the previous shipyard owners and Caledonian Maritime Assets Limited, the government quango, over a £97 million contract to build two ferries for the Scottish public fleet. That caused the financial collapse of the business with Scottish ministers stepping in to buy it.

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  • First Ship Fit with 'Seawing' Kite Propulsion SystemA French ro-ro ship will be the first commercial vessel to trial a novel wind-assisted propulsion system designed to curb emissions from shippingAirseas said it has installed its Seawing system on the vessel Ville de Bordeaux owned and operated by Louis Dreyfus Armateurs.
  • The European year of rail: Why rail can transport us to a greener futureInternational water researchers have predicted that 10% of inland waterways will run dry every summer but the future impact of this on supply chains might have been overlooked. Global supply chains are already constrained owing to capacity bottlenecks in ports and ocean-going vessels. Container rates are soaring: the costs of a container from Shanghai to Rotterdam, which was at $2,000 in December 2020, more than quintupled to $14,000 by August 2021.

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