Caledonian Maritime Assets Limited (CMAL) has taken ownership of the three remaining vessels under construction at Cemre Shipyard in Türkiye as a precautionary measure to support their completion and delivery.
The vessels, LOCH INDAAL, LOCHMOR and CLAYMORE, are now assets of CMAL, although construction work continues at the Turkish shipyard.
CMAL said the decision was taken against the backdrop of exceptionally challenging economic conditions affecting Cemre and many businesses in the region. The company cited global economic pressures, including the impacts of the conflicts in Ukraine and Iran, as well as disruption in the Red Sea.
By taking ownership of the vessels ahead of formal delivery, CMAL aims to protect the project and help ensure the successful completion of the much-needed ferries for Scotland’s island communities.
The announcement follows the successful completion of sea trials by LOCH INDAAL, marking a significant milestone in the construction programme.
Photo: Cemre Shipyard
