History
The corporation was founded as a result of the Aircraft and Shipbuilding Industries Act 1977, which nationalised 27 major shipbuilding and marine engineering companies in Great Britain. A further 6 ship repair companies and a further shipyard were also acquired by the corporation, with British Shipbuilders initially comprising 32 shipyards, 6 marine engine works and 6 general engineering plants. Collectively, British Shipbuilders accounted for 97% of the UK's merchant shipbuilding capacity, 100% of its warship-building capacity, 100% of slow speed diesel engine manufacturing and approximately 50% of ship-repair capacity. Harland & Wolff, the only shipbuilder based in Northern Ireland was deemed to be a special political case and remained out of the control of the British Shipbuilders' management, despite it also being in state ownership from 1977.
The same act nationalised the three large UK aviation companies and grouped them in an analogous corporation, British Aerospace.
Read more about this topic: British Shipbuilders Corporation
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