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.

 


People & Company News

Kongsberg Performs Well in Q2

Norwegian defence and marine technology company Kongsberg Gruppen's second quarter 2016 (Q2) financial results shows sales performance broadly in line with recent trends,

Rickmers Holding, E.R. Capital Drop Merger Plan

Rickmers Holding AG and E.R. Capital Holding have jointly decided not to pursue the merger of their ship management activities.   For many years the companies

MN100: Conrad Shipyard

The Company: Conrad Shipyard was established in 1948 and is headquartered in Morgan City, Louisiana. The company designs, builds and overhauls tugboats, ferries,

Contracts

BP, ExxonMobil, ConocoPhillips 'Quit' Alaska LNG Project

BP, Conoco Phillips, and Exxon Mobil said that the 65-billion dollar megaproject would be too unprofitable for them to move into the next phase of development.

C-Job Designs Flettner Freighter for Switijnk

The Dutch shipping company family Switijnk has contracted C-Job Naval Architects to develop a Rotor Sail-equipped design to meet their specific loading and sailing profile.

Yangzijiang Shipbuilding to Slash 2,000 More Jobs

Chinese shipbuilder Yangzijiang Shipbuilding Holdings Ltd said it plans to cut 2,000 additional jobs, just under 10 percent of its current workforce, stepping up

Shipbuilding

How Rapid is the Fleet Growth?

During July 2016, the containership fleet reached a landmark 20 million TEU in terms of aggregate capacity, says Clarksons Research.   To many it only seems

C-Job Designs Flettner Freighter for Switijnk

The Dutch shipping company family Switijnk has contracted C-Job Naval Architects to develop a Rotor Sail-equipped design to meet their specific loading and sailing profile.

Yangzijiang Shipbuilding to Slash 2,000 More Jobs

Chinese shipbuilder Yangzijiang Shipbuilding Holdings Ltd said it plans to cut 2,000 additional jobs, just under 10 percent of its current workforce, stepping up

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Offshore Oil Pipelines Pod Propulsion Salvage Ship Simulators Shipbuilding / Vessel Construction 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: 0.1106 sec (9 req/sec)