Vigor Marine LLC, a wholly owned subsidiary of Vigor Industrial, has completed the asset purchase of Marine Industries Northwest, Inc. (MINI) in Tacoma, Wash. The transaction closed on August 9, 2010 and Vigor Marine officially began vessel repair and conversion operations the same day. Key points of contact for the company are General Manager Adam Beck and Ship Repair Manager Mark Donahue. Adam brings 24 years experience in the marine repair industry, in locations ranging from San Diego to Alaska. Mark Donahue brings 31 years of management experience and strong customer relationships to the Vigor Marine team. www.vigormarine.com
Vigor Marine, a Vigor Industrial subsidiary, recently completed work on Barge Klamath, converting the vessel from a petroleum tank barge to an OSVR measuring 350’ x 76’ x 22’. The barge is owned by Crowley and leased to Shell as part of its comprehensive Alaskan oil spill response fleet in the Beaufort and Chuckchi seas. “Vigor’s extensive expertise in ice classing vessels for arctic waters, combined with the geographic proximity of their facilities
Kevin Quigley, who built VIGOR’s Everett Shipyard into one of the largest dockside repair centers in the Pacific Northwest, has been named president of VIGOR’s US Fab division. Quigley will oversee all of VIGOR’s new ship construction including ferries, advanced Coast Guard cutters, barges, fishing and cargo vessels. As US Fab president, he also will direct the company’s growing land-based and alternative energy fabrication projects
West Coast Shipyard banks on the old adage, “if we build it, they will come.” In a climate of both seemingly fat backlogs and at the same time uncertainty for domestic shipyards, Vigor Industrial is one company that continues to make news in the shipbuilding and repair merger and acquisition markets. After acquiring Todd Pacific Shipyards in 2011 for $130 million, Vigor also diversified its geographic offerings when it scooped up Alaska Ship and Drydock in Ketchikan after raising
Vigor Industrial inform that the owner of Seward Ship’s Drydock has signed a letter of intent to sell the assets of the Seward, Alaska, shipyard company to Vigor Industrial. Seward Ship’s Drydock operates as a full service shipyard and drydock facility, in Seward, Alaska. Under the terms of the tentative deal, the Seward shipyard would join Vigor as a subsidiary of the company’s Vigor Alaska subsidiary.
Listed among the latest Department of Defense, Navy, contracts, Detyens Shipyards, Inc., is to overhaul and drydock the 'USNS Leroy Grumman' and Vigor Marine LLC is to carry out the same on the 'USNS Yukon'. Details as follows: 1. Detyens Shipyards, Inc., North Charleston, S.C. is being awarded a $9,654,055 firm-fixed-price contract for a 55-calendar day regular overhaul and dry docking of fleet replenishment oiler USNS Leroy Grumman (T-AO 195).
Todd Shipyards Corp. (NYSE: TOD) and Vigor Industrial LLC announced that they have entered into a definitive agreement under which Vigor will acquire the stock of Todd for $22.27 per share, or approximately $130m. The transaction is structured as an all cash tender offer. Under the terms of the agreement, which has been unanimously approved by Todd’s board of directors, Vigor will offer to purchase all outstanding shares of Todd’s common stock for $22.27 in cash per share
The largest floating drydock in the United States, the Vigorous, has arrived at Vigor Industrial’s Portland shipyard. What’s happening? Vigor Industrial’s new floating drydock, the Vigorous, is headed towards Portland. See our news release for details of arrival. What is the Vigorous? The Vigorous is the largest floating drydock in the United States. The Vigorous will be 300 feet longer and one and a half times the width of Vigor’s largest drydock
Frank Foti of Vigor Industrial has steadily embarked on a consolidation of the Pacific Northwest ship construction and repair industry. Starting in Portland in 1995 with about 50 employees, the ubiquitous owner of Vigor has built his business today to more than 2,000 employees in an ever-widening industrial group. During a recent visit to Seattle, he shared insights on his company and the market. “Vigor is a diversified marine and industrial fabricator and it is a ship repair
Insights: Frank Foti - President and CEO, Vigor Industrial LLC For nearly two decades, Frank Foti has led Vigor’s transformation from a single, struggling shipyard to a thriving, increasingly diversified industrial company with 2,500 employees, 12 locations and approximately $700 million in annual revenue. According to Vigor, Foti often describes his motivation in three words: “Industrial Jobs Matter
Vigor will unveil its new 142’ Freezer Longliner designed specifically for North Pacific fishing at this year's Pacific Marine Expo in Seattle, Wash. Based on an existing design by Marco Marine, the 142’ x 33.6’ x 14’ vessel has a fish hold capacity of 14
The Washington State Department of Transportation (WSDOT) christened Chimacum, the third Olympic Class vessel to join the Washington State Ferries (WSF) fleet. The ceremony took place at Vigor's Harbor Island Shipyard in Seattle, and marked the vessel’s final stage of construction and its
Vigor expanded its growing portfolio of international sales with the delivery of two, 19m all-weather pilot boats to The Port of Duqm Company (PDC), SAOC, Sultanate of Oman. The Port has been undergoing a major multiphase expansion and the new pilot boats will play a key role in ensuring the
Navigating interesting times has the nation’s shipbuilding industry searching in unusual places. The answers could be blowing in the wind. Conducting commerce and forecasting the future for shipyards is akin to setting out in uncharted waters
The Alaska Marine Highway System (AMHS) has awarded the Alaska Class Ferry project to Vigor Alaska shipyard in Ketchikan, Alaska, where construction is currently underway. Providing production design for the ferry is Seattle-based naval architecture and marine engineering consultancy Glosten
Washington State Ferries (WSF) will start 2016 with construction of a new Olympic Class ferry, after signing a Notice to Proceed last week with shipbuilder Vigor Industrial for work on its fourth 144-vehicle ferry. Construction begins in January, with delivery scheduled for mid-2018.
Improved funding and management changes have the nation’s largest ferry system on a course to better times. Challenges remain, but WSF tackles each one in turn. Unlike the citizens of British Columbia, which pays a German shipyard to build its ferries
The newly built tank barge, the Fight A.L.S., was delivered to Harley Marine Services on February 19, 2016. Designed by Elliott Bay Design Group (EBDG) and constructed at Vigor Fab in Portland, Ore., the 83,000 bbl tank barge joins Harley’s offshore fleet working the Gulf and East
Construction officially begins on state’s newest ferry, Suquamish The Washington State Department of Transportation continues to grow its Olympic Class ferry fleet with a keel laying ceremony marking the beginning of construction of its newest vessel, Suquamish.
Kvichak Marine Industries informs it continues to expand production of its high performance vessel line with delivery of another Response Boat - Medium Commercial Kvichak, a Vigor company, delivered a fourth, 45-foot Response Boat - Medium C (RB-M C) to its longtime customer
The two newest inland river towboats in Tidewater Transportation and Terminals’ fleet, Granite Point and Ryan Point, were christened during a late afternoon ceremony Saturday, June 11 at Vancouver Landing in Vancouver, Wash. After Deacon Tim Dooley from Portland’s Holy Family
Vigor’s Seattle shipyard recently delivered a 95’ x 38’ x 16’, 3,000 hp ATB Twin Screw Tug, Dale R Lindsey, to Harley Marine Services Inc. Designed by Elliot Bay Design Group for primary operation in Alaska, the ATB tug utilizes an Articouple FRM-43M coupler system
Private partnerships, executed perfectly – that’s West Coast boatbuilding in today’s challenging business climates. P3 Partnerships: no, we’re not talking about infrastructure funding. But, in our P3 version
Vigor recently delivered an 88’ x 25’ x 14’ fireboat to the San Francisco Fire Department. The yet to be named vessel is the first fireboat to join San Francisco’s fleet in 61 years. Designed by Jensen Maritime and built at Vigor’s Seattle shipyard
The Company: Nearly 85 years ago, Tidewater pioneered commercial transportation on the upper Columbia Snake River system and opened up one of the nation’s most isolated regions to global markets. Today, Tidewater Holdings is comprised of Tidewater Barge Lines, Tidewater Terminal Company