Ferguson Marine Appoints New Chief Executive

Ferguson Marine, one of Scotland’s most historically significant shipyards, is entering a new chapter with the appointment of Graeme Thomson as its new chief executive. A seasoned shipbuilding professional, Thomson brings decades of experience in both military and commercial sectors, having held senior positions at renowned organizations such as Babcock, Ledcor, Seaspan, and BAE Systems. His arrival comes at a critical time, as the yard continues its efforts to recover from years of delays, cost overruns, and intense public scrutiny.

The shipyard, located in Port Glasgow on the River Clyde, holds a deep-rooted place in Scotland’s maritime heritage. Established in 1903 by the Ferguson brothers, the yard developed a strong reputation throughout the 20th century for producing high-quality ferries and small to mid-sized commercial vessels. At its peak, Ferguson Marine was a symbol of industrial pride in the Clyde region, supporting generations of skilled workers and serving customers both locally and abroad.

Despite its rich history, Ferguson Marine faced growing difficulties in recent decades. Global competition, lack of sustained investment, and mismanagement contributed to a decline in productivity and profitability. The yard eventually entered administration in 2019 before being nationalized by the Scottish Government. The nationalization aimed to safeguard jobs, restore the yard’s reputation, and complete high-profile public ferry contracts that had gone off course.

One of the most pressing challenges facing Thomson will be the completion of the Glen Rosa ferry, one of two dual-fuel vessels originally ordered in 2015. The project, which was intended to modernize Scotland’s ferry fleet and reduce emissions, has become a flashpoint for criticism due to repeated delays and ballooning costs. Completing the Glen Rosa on a revised timeline and budget will be essential not only for restoring credibility but also for demonstrating that Ferguson Marine can deliver on complex, governm...

In addition to resolving legacy issues, Thomson is tasked with positioning the yard for future sustainability and growth. His leadership is expected to drive modernization across Ferguson Marine’s operations, with a focus on lean manufacturing, digitalization, and improved supply chain management. These improvements aim to enhance productivity, reduce waste, and increase competitiveness in an evolving global market.

Beyond the Glen Rosa and other ferry projects, Ferguson Marine is eyeing new sectors for diversification. Opportunities in the renewable energy industry—such as vessels to support offshore wind farms—as well as specialized green ferry construction and even support ships for defense applications, are being actively explored. Thomson’s broad network and track record in project delivery will be vital in helping the yard secure new contracts and establish strategic partnerships.

Stakeholders, including government officials, industry advocates, and local communities, have expressed cautious optimism about Thomson’s appointment. There is a shared understanding that rebuilding the yard’s legacy will take time, discipline, and clear vision. However, with strong leadership and sustained investment, many believe Ferguson Marine can transition from crisis management to becoming a beacon of innovation and resilience in UK shipbuilding.

The appointment of Graeme Thomson represents more than a change in leadership—it symbolizes a potential turning point for Ferguson Marine. As the shipyard reclaims its identity and adapts to new market realities, its journey may once again become a story of Scottish maritime excellence, built on modern foundations and guided by experienced hands.