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Last Updated: Saturday, 6 May 2006, 15:48 GMT 16:48 UK
Right deal could mean yard sale
The yard missed out on a contract to build new aircraft carriers last year
The owner of a troubled Tyneside shipyard says he will consider selling if it would secure its future.

The Swan Hunter yard, in Wallsend, has faced uncertainty over the last few months after being unsuccessful in bringing in new work.

Owner Jaap Kroese said he had received a number of enquiries about the yard, but no offers so far.

He said he would sell the yard if there was an offer which would secure its future by bringing work.

He said he would not consider selling the site to developers.

Aircraft carriers

He said the future was looking "dim" at the moment and despite trying to do their best to get more work, they had not been successful up until now.

He said: "It's not a question of the right price. It's a question of the right price and work.

"I am not going to sell the yard to have it flattened to build houses on.

"I don't have to sell the site. We are not putting up a board saying the yard is for sale. If someone would come along with work certainly I would listen to them."

In December, Swan Hunter missed out on a multi-billion pound contract to build new aircraft carriers.

The government announced work on the project would be carried out in Portsmouth, Scotland and in Cumbria.

But the Swan Hunter yard was not named among the successful companies.


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