Storied UK Shipbuilder Cammell Laird Sold in Consolidation of Sector
The famed UK shipbuilder Cammell Laird has been sold as part of an ongoing consolidation of the sector as firms posture for the anticipated increase in UK defense shipbuilding. The yard, which dates back to 1828, was sold as part of the APCL Group to a relative newcomer to the sector, Balaena. A maritime engineering and shipbuilding group based in Cornwall, Balaena was launched in 2019 and made its first major acquisition, a shipyard in Gibraltar, in 2022. The Financial...
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