Cammell Laird Extends Repair Reach West

Thursday, September 07, 2000
Following quickly on the heels of an overseas investment deal in Marseilles, Cammell Laird (Holdings) has increased its involvement in the overseas repair and conversion industries by taking a $7.7 million (49%) equity stake in a new holding company along with United States' West Coast shiprepairer Cascade General. This deal has an option for Cammell Laird to take a controlling interest within the next two years. The deal will allow the new company to purchase the repair facility (freehold and docks) at Portland, Oregon, the largest single repair facility on the U.S. West Coast. The facility is currently owned by Portland Port Authority and operated by Cascade General. Cascade General has leased the facility from Portland Port Authority since 1995, when it became the sole shiprepairing company in the port. Since then Frank Foti, Chairman of Cascade General, and future head of the new operation, has been looking to complete the buy-out. Cascade General currently has an annual turnover of some $100 million and wins virtually half of all commercial contracts that are placed with U.S. West Coast shiprepair yards. There are three main markets in which the yard operates — passenger vessels (the many cruise vessels now operating on the Alaskan service), tankers (the many large tankers operating between Alaskan terminals and US refineries) and U.S. Navy and auxiliary market. Last year the yard carried out a complicated conversion project involving a Drillship for Global Marine. There is also a very active voyage repair market for ships, especially bulk carriers, calling at ports in the Columbia River area. This is an international business and has resulted in the yard winning a number of drydocking contracts following successful voyage repair projects. The yard operates three floating docks with lifting capacities of 87,000 tons (299.3m x 56.4m), 27,000 tons (201.5m x 34.8m) and 15,000 tons (182.3m x 26.8m) and alongside berthage of 2,326 m at a maximum draft of 12.2 m. Cammell Laird's Group Marketing Director said: "This is a very exciting new acquisition and adds to our geographical expansion as well as giving us further penetration into the cruise and offshore markets. The Cammell Laird Group will bring technical and marketing support, which will help win additional conversion works for the company as well as allowing us to offer owners attractive global repair deals.”
Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ship Repair & Conversion

NMEA Updates Installation Standards

2014 edition of NMEA 0400, Version 4.00 features extensive updates and new information   The National Marine Electronics Association (NMEA) has published Edition 2014, Version 4.

Hoists Facilitate Offshore Crane Repairs

When the diesel engine of a deck crane failed, it caused major handling problems for an offshore platform operating in the Dutch sector of the southern North Sea,

NASSCO Opens Bremerton Repair Facility

General Dynamics NASSCO celebrated the grand opening of its new location in Bremerton, Wash., yesterday. The facility will support the company’s recently-awarded contract to repair and maintain U.

Education/Training

Transas Installs ECDIS Simulators at Romanian University

Romanian university Constanța Maritime University will provide ECDIS training in accordance with the STCW 2010 requirements    Transas Marine has installed the

BCG Delivers Upgrades to Long-time Customers

Buffalo Computer Graphics (BCG) Inc. has recently delivered two upgrades to long-time customers Columbia Pacific Maritime in Portland Ore., and The River School in Memphis, Tenn.

VSTEP Achieves ISO 9001:2008 Certification

VSTEP, global supplier of simulator solutions for commercial, government and military customers in the maritime and public safety and security sectors, has been

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Pipelines Pod Propulsion Port Authority Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
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: 0.1442 sec (7 req/sec)