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 September 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

New Jersey Transportation Chief to Resign

New Jersey Governor Chris Christie on Friday said his transportation commissioner Jamie Fox would step down by the end of the month to return to the private sector after only a year in the position.

Eletrobras says Compensation for Hydro Plants Could be $330 mln

Brazil's state-run utility Eletrobras said on Friday a report into six hydroelectric plants found the assets had a remaining value of 1.3 billion reais ($332

Brazil Court Allows Lula Questioning in Petrobras Corruption Case

Brazil's Supreme Court authorized the questioning by Federal Police of ex-President Luiz Inácio Lula da Silva as a witness in a broadening corruption case focused


IHC Services Secures Dredger Repair Contract

IHC Services, a subsidiary of Dutch shipbuilder and repairer Royal IHC, informs it has secured an order for a renovation project for a dredging vessel owned by Huta Marine Works Ltd in Saudi Arabia.

Kruszewski Joins Braemar Engineering

Braemar Engineering, the specialist maritime engineering consultancy, today announced the appointment of Chis Kruszewski to the role of Senior Electrical Engineer in its Offshore,

Damen's Third Ferry for South Korea

All good things come in threes as Damen delivers the third vessel of the year, from the Damen Fast Ferry (DFFe) series to South Korean operators. Having already


Japan’s First ME-GI Engine Passes Factory Tests

The factory acceptance test (FAT) of the first ME-GI engine in Japan recently took place at the Tamano Works of Mitsui Engineering & Shipbuilding Co., Ltd. (MES),

Damen's Third Ferry for South Korea

All good things come in threes as Damen delivers the third vessel of the year, from the Damen Fast Ferry (DFFe) series to South Korean operators. Having already

Thyssen Taps Anil Group for Sub Bid

Diversified German conglomerate ThyssenKrupp AG has initiated talks to partner Anil Ambani-led ADAG in building up to 12 submarines in a contract expected to be worth Rs50,000 crore ($7.

Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Winch
rss | archive | history | articles | privacy | 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: 0.2103 sec (5 req/sec)