The administrator appointed to Burntisland Fabrications (BiFab) has said no redundancies are planned at this stage.
BiFab announced earlier this month it was entering administration after Scottish ministers ruled out nationalising the company, saying it would be unlawful under state aid rules to continue financially supporting the yards.
Accountancy firm Deloitte has now been appointed as administrator and will assess the company’s prospects with a view to finding a suitable buyer.
It hopes to generate interest in BiFab from one of the industry’s larger players.
The business was rescued by the Scottish Government in 2017 and bought by Canada-based DF Barnes in 2018 but with the Government as the “primary financiers”.
A £2bn deal for BiFab to manufacture eight wind turbine jackets at its yard in Methil, Fife, recently collapsed as about 500 staff were preparing to return to work on it.
Gavin Park, who has been appointed joint administrator