Red Jet 7 will be built at East Cowes, securing 85 jobs there - and will join the fleet next summer.
Port Workers Could Go On Strike
Workers at a rail depot operator at Southampton port are being asked if they want to go on strike.
Transport union RMT has confirmed that it will begin a ballot for both strike action and action short of a strike of Freightliner members at Southampton depot in a dispute over rosters and restructuring.
It could cause big disruption as Freightliner handles more than a thousand containers at the docks every day.
Despite negotiations lasting over a year, no agreement's been reached.
RMT General Secretary Bob Crow said: "RMT representatives have been negotiating these restructuring proposals with Freightliner for well over a year and just when a resolution appeared achievable, the company withdrew all concessions previously tabled and retreated to a position that ripped up any progress that we had made in the discussions aimed at resolving this dispute.
"Freightliner has conducted itself in a completely disingenuous manner. It is as a result of the aggressive and underhand tactics of the company that the RMT executive has taken the decision to conduct a ballot of all our members at Southampton for strike action and industrial action short of a strike.
"The union is confident that our members will show their strength of feeling to the company by returning a massive yes vote in the ballot for industrial action."
The ballot will open on 16th May and close on the 30th May 2012.
Five men have been questioned after shots were heard in Wimborne Road.
24-Year-Old Nikki Henderson Become The Youngest Ever Skipper Of A Clipper Round The World Yacht
18-Year-Old Found Injured In Old Christchurch Road On Friday Morning.
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