Wight Shipyard Co Receives Prestigious Queen’s Award

Saturday, 13 November 2021 06:00

East Cowes based Wight Shipyard Co has received a prestigious Queen’s Award for 'Enterprise for International Trade'.

The award — presented by the Island's Lord-Lieutenant, Mrs Susie Sheldon in a ceremony earlier this week — was in particular recognition of the shipyard's outstanding short-term growth in the export market.

Receiving the award, Peter Morton, Chief Executive of The Wight Shipyard Co. said:

“We are delighted to accept this prestigious Queen’s Award for Enterprise in the International Trade category on behalf of everyone at the yard who are very much part of the re-birth of the British shipbuilding industry.

"We set out to stem the tide of orders going to overseas yards and to capitalise on the local skills that we are fortunate to have on the Isle of Wight."

The Wight Shipyard Co is one of 205 organisations nationally that have been recognised in the Queen’s Awards for Enterprise having been set up in 2010 after the restoration of a classic gentleman’s motor cruiser for Sir Charles Dunstone, one of the country’s leading entrepreneurs and whose family office is the main backer of the yard.

Following the successful completion of that project, discussions began with the owners of Red Funnel about the construction of the new Red Jet fleet of fast catamarans servicing the Isle of Wight and to date, two have been built and continue to be serviced at the yard.

Orders quickly followed for two Thames Clippers with the yard proving its capabilities in high-tech aluminium construction, but the big success has been in effectively competing internationally with overseas yards. Exports to date include two 450 pax ferries for Mexico, a 40-metre vessel for Austria and four vessels for Malta with 50% of Wight Shipyard Co revenue coming from export over the last five years.

Looking forward, the yard has recently signed an order for two more high speed ferries and two 24 metre aluminium explorer vessels alongside building and delivering a hybrid wind farm support vessel capable of significant speed advantages and considerable fuel savings.

Peter Morton further commented:

“We have the strongest pipeline of work since inception, and things look set to go from strength to strength. What I am particularly proud about is the team that we have assembled and our commitment to apprenticeships across all trades in the shipbuilding industry means that we have a bright future operating at the cutting edge of aluminium construction and carbon reduction.

"The skills we are fostering mean that we can compete on the international stage as well as domestically and we very much hope that this award will propel our case for building the new Border Force vessels.”

The Wight Shipyard Co. has a firm commitment to utilising Island suppliers wherever possible, supporting in excess of 100 local companies of varying sizes. The yard also supports local charities such as the Northwood Park Tennis Court renovation and the Island Sailing Club.

Recently Played

That's What I Want

Lil Nas X
Download
Houdini

Dua Lipa
Download
Ridin' Solo

Jason Derulo
Download

Royal Duke To Visit As Newport Minster Reopens
HRH the Duke of Edinburgh will visit to celebrate the re-opening of Newport Minster after a major refurbishment.
Isle Of Wight Council To Support 'No Mow May' 2024
The Isle of Wight Council is supporting the national ‘No Mow May’ campaign at several of its sites.
English Coastal Path Complication Amid Osborne House Queen Victoria Collection Fears
A national coastal path initiative could be scuppered by the risk it poses to a timeless collection of memorabilia at East Cowes' Osborne House.
Seaview Pub Picks Up National Award
The Old Fort in Seaview has been crowned Isle of Wight Pub & Bar of the Year 2024 in this year’s National Pub & Bar Awards.

Wight Shipyard Co Receives Prestigious Queen’s Award

Share

More from Isle of Wight News

Recently Played