The Navy has told the company that if the cuts go ahead they would have to scrap planned work on 13 ships.
BBC: US naval workers all at sea as sequester looms
Owners, he argues, will be forced to scrap older, single-hull ships at an accelerating rate because of tougher environmental regulations.
FORBES: Storm Watch
Mike Hancock, Liberal Democrat MP for Portsmouth South, said he believed it would be unlikely the ships, which were decommissioned in 2011, could be saved from the scrap yard.
BBC: Four Royal Navy frigates in Portsmouth Harbour for sale
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