Shipbuilding Decline
The downfall of the Clyde as a major industrial centre came during and post-World War II. Clydebank in particular was targeted by the Luftwaffe and sustained heavy damage. The immediate postwar period saw a severe reduction in warship orders which was balanced by a prolonged boom in merchant shipbuilding. By the end of the 1950s, however, the rise of other shipbuilding nations, recapitalised and highly productive, made many European yards uncompetitive. Several Clydeside yards booked a series of loss-making contracts in the hope of weathering the storm. However, by the mid-1960s, shipbuilding on the Clyde was becoming increasingly uneconomic and potentially faced collapse. This culminated in the closure of Harland and Wolff's Linthouse yard and a bankruptcy crisis facing Fairfields of Govan. The Government responded by creating the Upper Clyde Shipbuilders consortium. After the consortium's controversial collapse in 1971, the Labour government of Harold Wilson later passed the Aircraft and Shipbuilding Industries Act which nationalised most of the Clyde's shipyards and grouped them with other major British shipyards as British Shipbuilders.
Today, two major shipyards remain in operation on the Upper Clyde; they are owned by the naval defence contractor, BAE Systems Surface Ships, which specialises in the design and construction of technologically advanced warships for the Royal Navy and other navies around the world. The two yards are the former Yarrow yard at Scotstoun and Fairfields at Govan. There is also the King George V Dock, operated by the Clyde Port Authority. On the Lower Clyde, the privately owned Ferguson Shipbuilders at Port Glasgow is the last survivor of the many shipyards that once dominated Port Glasgow and Greenock - its mainstay being the construction of car ferries.
Read more about this topic: River Clyde
Famous quotes containing the word decline:
“The decline of the aperitif may well be one of the most depressing phenomena of our time.”
—Luis Buñuel (19001983)