Britain’s leading aluminum shipbuilder, The Wight Shipyard Co. has announced an all-share merger with the complementary multinational shipbuilder OCEA to create a combined group to capitalize on the fast ferry and offshore renewable energy markets opportunities. The deal is scheduled to complete by March 2022 and will see The Wight Shipyard Co. nearly double in size, providing significant employment opportunities at the East Cowes yard.

“This is a transformational deal for The Wight Shipyard Co. and for the Isle of Wight, confirming the resurgence of the shipbuilding industry in the United Kingdom. We have been working with OCEA on a number of projects and it was very clear from the outset that we complemented each other in terms of skills and experience and, going forward through the business cycle, both companies can benefit from the synergies and opportunities that this deal presents,” says Peter Morton, CEO of The Wight Shipyard Co.
“OCEA is expanding internationally to respond to strong demand in these markets and appreciates the new ‘Global Britain’ and refreshed National Shipbuilding Strategy outlook,” says Roland Joassard, CEO and founder of OCEA.

Based at their primary yard in Les Sables d’Olonne, OCEA employs more than 500 skilled operators with further facilities in France, including the Caribbean and the Philippines. Following the merger with the Wight Shipyard Co., the Group will share resources and operations in East Cowes that will ramp up significantly, helping the Isle of Wight to ‘level up’ with the creation of much-needed employment opportunities.

Speaking about those opportunities, Peter Morton further commented: “For East Cowes and the Isle of Wight, this is a step change in terms of future employment and security for the outstanding team at The Wight Shipyard Co. We will be able to bring in more high-skilled shipbuilders and technicians as well as providing career pathways all through the production chain. It’s a deal that secures livelihoods and is transformational for East Cowes as the epicenter of aluminum shipbuilding in the UK.”
The merger comes on the back of the news that The Wight Shipyard Co. has secured the contract for two new ‘Uber Boat by Thames Clippers’ with the shipyard already into the design and build of the next generation of Clipper-class vessels utilizing the very latest battery-power technology and re-charging options.
Credits: The Wight Shipyard Co.