Alaska Approves Vigor Purchase of Alaska Ship Leases

(Press Release)
Thursday, March 01, 2012

Alaska has approved Vigor Industrial’s bid to assume Alaska Ship & Drydock’s (ASD) private/public partnership leases to operate the Ketchikan Shipyard.
The Alaska Industrial Development and Export Authority unanimously voted today in Anchorage to transfer leases to the new Vigor Alaska Ship & Drydock subsidiary, clearing the way for Vigor’s acquisition of the operating company. The purchase was first announced Feb. 7 pending AIDEA approval.
As AIDEA executive director Ted Leonard noted in his report to the Authority board of directors, “The transfer of ownership [of the shipyard operating company] will enhance the opportunities at Ketchikan Shipyard to bid on and win Alaskan-based business given the experience, supporting facilities and greater financial capacity of a larger company.”
“Due to Vigor’s financial strength, and the creation of synergies with the other Vigor companies,” Leonard's report adds, “the operations in Ketchikan will be more efficient and more cost competitive with other shipyards (regionally and globally), furthering the sustainability of the Shipyard as an economic engine for the region.”
Officials of the Ketchikan Gateway Borough and the City of Ketchikan also approved the transfer.
“We start today working with the people here in Ketchikan and throughout Alaska to build even more maritime and industrial jobs at this great facility,” said Adam Beck, president of the new Alaska Ship & Drydock subsidiary and director of regional operations for Vigor.
Employees and customers will see little change in day-to-day operations, said Randy Johnson, former ASD owner who remains with the company as Vice Chairman.
In addition to now operating the drydocks, deep-water piers and the soon-to-open ship assembly hall in Ketchikan, Vigor owns the 60-acre Swan Island shipyard in Portland, Ore., the historic Harbor Island yard in Seattle and has operations in Tacoma, Everett, Bremerton and Port Angeles. Wash.

 

Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Vestas Profit Beats Forecast

Danish wind turbine maker Vestas Wind Systems posted much higher than expected second-quarter earnings and slightly increased its guidance for the full year, signaling

MV Cape Ray Signals DTRA 'Mission Complete'

The Defense Threat Reduction Agency announces the successful completion of the Cape Ray's mission to destroy Syria's chemical weapons components at sea. The Defense Threat Reduction Agency/U.

HK's COSCO International Reports Strong Profit Growth

For the  six months ended 30th June 2014, shipping services provider COSCO International has announced that its 2014 Interim Results show strong profit growth with Net Profit up 45% YOY.

Contracts

Vestas Profit Beats Forecast

Danish wind turbine maker Vestas Wind Systems posted much higher than expected second-quarter earnings and slightly increased its guidance for the full year, signaling

OSV Hull Arrives at Havyard's Leirvik Yard

Havyard says that newbuild number 118 has arrived from Turkey at the yard in Leirvik, being the first of two vessels that will be outfitted to provide service and

SBI Wins Jack-up Design and Engineering Contract

SBI Offshore Limited, which is pursuing higher-value oil and gas engineering projects, said today it has secured a $24 million contract to provide design and engineering

Shipbuilding

OSV Hull Arrives at Havyard's Leirvik Yard

Havyard says that newbuild number 118 has arrived from Turkey at the yard in Leirvik, being the first of two vessels that will be outfitted to provide service and

Delivery & Naming of Atlantic Offshore´s ERRV – Ocean Marlin

On August, 13th the delivery and naming ceremony of our last construction, the ERRV C722- Ocean Marlin - for Atlantic Offshore was performed. The event was held in the Norwegian town of Stavanger,

Aircraft Carrier Hull Ready for Delivery

A large section of HMS Prince of Wales has been loaded out of its dock hall in Portsmouth ready for delivery to Rosyth for final assembly of the second Queen Elizabeth Class aircraft carrier to begin.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pod Propulsion Port Authority Salvage Ship Repair Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1600 sec (6 req/sec)