Good level of interest in future of Coastal Marine

Costal marine Boat Building in Eyemouth.
Costal marine Boat Building in Eyemouth.

Loss of the RNLI vessel repair contract and the downturn in the fishing industry are blamed for the difficulties facing an Eyemouth boatyard.

Coastal Marine Boatbuilders Limited (Coastal Marine) went into administration last month, administrators PCR Recovery announcing last week that they were being forced to half the 32 strong workforce.

PCR reported this week: “There has been a good level of interest in the business but at this point we aren’t prepared to get into discussion about what.”

Whether the construction of the CTruk offshore wind vessel, which the company began work on earlier this year, continues at the boatyard will be dependent on these negotiations.

Speaking for the administrators Mark Phillips said: “This unfortunate situation has come about due to the reduction in the local fishing fleet in common with the UK fishing industry in general, leading to a reduced demand for repair to vessels coupled with the loss of the repair of the local RNLI vessel which we understand has now been centralised across the RNLI fleet.

“It is too early to say with any certainty what the outcome will be but we will continue to trade the business whilst we explore all possible solutions.”

Borders MP Michael Moore said: “I have been working closely with CMBL on their links with the offshore renewable industry so it is very disappointing that they have gone into administration even after recently securing a contract with the industry to build support vessels.

“I wish every success to the administrators, PCR Recovery, in ensuring that buyers are found as soon as possible.”