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The following newspaper extract sums up the mood at the time of closure;-
DECEMBER 12, 1988, saw the final ship to be built on the Wear slide down the slipway on a bitterly cold winters night. The chill which affected onlookers not only came from the plunging temperature but from the realisation that an industry, which had sustained Sunderland for centuries, had disappeared. Efforts continued to revive it and campaigners put up a spirited fight. Their hopes were raised repeatedly only to be dashed as time and time again progress became enmeshed in red tape stretched tightly between the European Commission in Brussels and Whitehall in London. It is true that the Sunderland shipyards were struggling to find orders before they closed. The world market for ships was a tough one and the Tory Government decided enough was enough and they were not going to help the Wearside industry any longer. The closure deal was put together by the European Commission and the British Government. It involved a £45million aid package to soften the blow for Sunderland and that meant that a ban - or moratorium - on shipbuilding had to be brought in. Euro-chiefs did not want to see millions of pounds of aid pumped into Wearside to compensate for the loss of a major industry, only to see it start up again a few years later. So unclear at times were the terms of the closure that it was not immediately apparent that the ban was to last for ten years. And so Sunderland resigned itself to the loss of the yards. Events moved quickly. At Southwick, which many still called the Austin & Pickersgill yard, a major auction of plant and equipment was held. Then the demolition squads moved in and the world-famous yard was levelled, crushing any vestiges of hope that it would ever turn steel into ships again. It vanished virtually overnight. The same fate awaited the North Sands yard. It was bulldozed and eventually housed a new university campus. That left only the Pallion yard intact, but, unable to build ships, it was effectively mothballed, frozen in time, a reminder of the glory days of shipbuilding. But its name also served as a rallying call for diehard shipyard campaigners who lived in hope that one day, perhaps, the industry would return. Taken over by an Anglo-Greek consortium and called Pallion Engineering, the yard has been maintained. But, as a fully operational shipyard, building ships, Pallion has slumbered. Shipbuilding on the Wear was, to all intents and purposes, forgotten.
Now it seems the Ferries which were eventually sold were a success as can be seen from this extract from a website;-
The Superflex-ferries featured a completely new and untraditional ferry design, that as time passed by proved to be a success. In 1990 the operation on Storebælt was taken over by Difko, and it was developed into a reliable and popular ferry service.
The Bank Line cargo liners gave many years of service and the Stena Offshore vessels are still hard at work even now and must have paid for themselves many times over. Even the Ex I.T.M. Crane Barge was put to great use in various parts of the world.
Now in 2008 it appears that owners are having to queue-up for new ships. New shipyards are being built in China and India and yet we had the most modern facility possibly in the whole world - and our own Government closed it down. The skills of the British shipyard workers were world famous and yet they were scattered to the four winds"
john...