Ship Repair Services News

Funds managed by global investment firm Carlyle and private equity firm Stellex Capital Management announced they have completed the sale of Titan Acquisition Holdings, a bi-coastal leader in ship repair services and marine and heavy complex fabrication, to an affiliate of Lone Star Funds. The initial definitive agreement of the sale was announced in February 2023 and the final close took place on June 15, 2023.Titan is comprised of Vigor Industrial LLC, an infrastructure, defense…

Ship repair services provider Titan has announced that Frank Collins will join the company as Senior Vice President, Government and Public Affairs.Collins will replace long-time Vigor Senior Vice President of Public Affairs, Jill Mackie, who has announced her retirement effective the end of June. Additionally, Benton Strong was recently named Director of Public Affairs, responsible for all communications, as well as state and local government affairs across all Titan companies including of Vigor…

The Shipbuilders Council of America (SCA), the national association representing the U.S. shipbuilding, maintenance and repair industry, announced its yearly member safety awards for 2023.“Workforce health and safety is embedded into the fabric of our industry because the teams that work in our shipyards and throughout the industrial base are the most important asset we have in building and repairing the U.S. commercial and military fleets,” said Matthew Paxton, president of the Shipbuilders Council of America.

Lone Star Funds has reached a del to buy U.S. shipbuilding and repair group Titan Acquisition Holdings from peer investment firms Carlyle and Stellex Capital Management. Financial terms were not disclosed.Titan is comprised of Vigor Industrial LLC, an infrastructure, defense, and maritime services company based in Portland, Ore.; MHI Holdings LLC, a ship repair, maintenance, and other ship husbandry services company based in Norfolk, Va.; and Continental Maritime of San Diego (CMSD). Key Titan customers include the U.S. Navy, U.S.

The Shipbuilders Council of America (SCA), the national association representing the U.S. shipyard industry, today announced the 2022 Annual Shipyard Safety Awards. SCA recognized a total of 15 U.S. shipyards and repair facilities with seven recipients receiving multiple awards.SCA honors shipbuilding and repair organizations with the “Excellence in Safety” Award and “Improvement in Safety” Award each year for enhancement of operations and promotion of safety and accident prevention.

The Shipbuilders Council of America (SCA), the national association representing the U.S. shipyard industry, today announced the 2020 annual shipyard safety awards. SCA honors shipbuilding and repair organizations with the “Excellence in Safety” Award and “Improvement in Safety” Award each year for enhancement of operations and promotion of safety and accident prevention.Over the past several years, the industry has seen the total recordable incident rate steadily decline, with the most significant decline seen in 2019.

Vice President and General Manager of Fincantieri Bay Shipbuilding, Todd Thayse, has 34 years of experience in the maritime construction and repair industry, working with clients from all over the world as well as vendors and suppliers from the Great Lakes region and beyond. He has an extensive background in manufacturing production, material procurement, strategic planning, estimating, budgeting, labor negotiations, mergers and acquisitions as well as scheduling for both the commercial and governmental shipbuilding industries. He has overseen projects that have produced U.S.

Two dozen small shipyards in the U.S. have received a combined $19.6 million through the U.S. Department of Transportation’s Maritime Administration (MARAD) Small Shipyard Grant Program to help fund upgrades and expansions that often lead to more competitive operations, quality ship construction and improved employee skill.“This $19.6 million federal government investment in the nation’s small shipyards will help maintain the U. S. shipyard infrastructure of our country,” said U.S. Secretary of Transportation Elaine L.

Ice Cap Holdings, LLC expands its shipyard presence to include a service and repair facility in Everett, Washington. Everett Ship Repair, LLC (ESR) was established earlier this month by Ice Cap Holdings, the parent company of Ice Floe, LLC dba Nichols Brothers Boat Builders (NBBB). The expansion creates a diverse shipbuilding portfolio between the sister companies, offering NBBB’s new build expertise and ESR’s repair and service capabilities. Everett Ship Repair will focus on vessel repair…

Global investment firm The Carlyle Group (NASDAQ: CG) and private equity firm Stellex Capital Management today announced they have closed on their acquisition of Vigor Industrial LLC and MHI Holdings LLC. In addition, Carlyle and Stellex announced they have appointed Jim Marcotuli as CEO of the newly created company comprising Vigor and MHI, effective today.Marcotuli brings more than 30 years of leadership experience in the defense and manufacturing industries. He has served in a number of executive and operating roles with Carlyle portfolio companies and in industries spanning defense…

In one a dramatic U.S. shipbuilding and repair move it was announced today that The Carlyle Group (NASDAQ: CG) and private equity firm Stellex Capital Management signed a definitive agreement to acquire and merge Vigor Industrial LLC, an infrastructure, defense, and maritime services company based in Portland, Oregon, and MHI Holdings LLC, a ship repair, maintenance, and other ship husbandry services company based in Norfolk, Virginia.The transaction, subject to customary closing conditions…

Albwardy Damen, a joint venture providing shipbuilding and ship repair services to the marine and oil and gas related industries in the Middle East, has announced that it has launched a full range of afloat, workshop, and diving services at SOHAR Port and Freezone.The new SOHAR operations represents the fourth location of operations in the Middle East, adding to Albwardy Damen’s Afloat Repairs Division comprehensive workshop facilities in Dubai, Sharjah, and Fujairah.Willem Moelker…

Thailand’s Unithai Shipyard and Engineering Limited continues to develop the shipyard’s capacity and capabilities in ship repair services in response to client needs. Unithai Shipyard awarded a contract to China’s Huarun Dadong Dockyard to build a floating dock 984 feet in length and 170 feet wide with a lifting capacity of 48,000 metric tons, making it the largest dock ever seen in Thailand. “This new floating dock will increase Unithai Shipyard’s capacity and capabilities to accommodate Aframax and Post-Panamax vessels of up to 170…

Albwardy Marine Engineering and Damen Shipyards Sharjah have officially brought both brands together under one umbrella. Under the new name, Albwardy Damen, the United Arab Emirates-based shipyard will continue to construct newbuild steel and aluminum vessels as well as provide the same ship repair services to its marine and oil and gas customers in the Middle East. Albwardy Marine Engineering was founded in 1978 and has been a joint venture with Damen Shipyards Group since 2008. In 2014 the official opening of Damen Shipyards Sharjah took place.

Despite the numerous challenges facing today’s maritime sector, there are still opportunities to be found. After all, the world is constantly changing and it is those companies who are able to adapt and move with the markets that will experience long-term success. Damen Shipyards Group is an example of a company that does just that. Using examples from some of the newest maritime sectors, Damen’s Head of Business Development & Market Intelligence Peter Robert talks about the importance of understanding, and reacting to, market developments.

Lind Marine, a Petaluma, Calif. dredging contractor which provides tug and barge services throughout the San Francisco Bay area, has acquired Moose Boats, an aluminum commercial boat building company. Lind Marine currently operates a five-acre shipyard including a 430ft dry-dock and 1,600-ft of linear pier on Mare Island in Vallejo, Calif. Lind Marine’s strategic acquisition of Moose Boats will ensure continuity of vessel production for the well-established patrol boat’s brand as well as complement a vertically integrated business model which Lind Marine has developed over the past century.

General Dynamics NASSCO–Norfolk said it was awarded the Mid-Atlantic CVN private sector maintenance contract by the U.S. Navy to perform non-nuclear planning and maintenance work during six Chief of Naval Operations (CNO) availabilities on four Nimitz-class aircraft carriers and one Gerald R. Ford-class carrier, home-ported in or visiting Norfolk, Va. The five-year cost-plus-award-fee and incentive fee contract also includes the ability to provide for any continuing or emergent maintenance repairs on any of these East Coast aircraft carriers.

General Dynamics NASSCO-Norfolk was awarded a $42 million cost-plus-award-fee modification to a previously awarded contract for the repair and alteration for the USS Oak Hill (LSD-51). NASSCO-Norfolk will provide ship repair services including engine replacement/repairs, ballast tank preservation, habitability upgrades and close-in weapons system repairs. Work will be performed in Norfolk and is expected to be completed by April 2017. NASSCO is currently conducting repair and modernization efforts in four ports throughout the United States, with the majority of work located in San Diego. Other ports include Mayport, Florida; Bremerton, Washington; and Norfolk, Virginia.

Malaysia’s shipbuilding and ship repair services firm, TAS Offshore, has received yet another termination of a shipbuilding contract from the same client, this time for an offshore construction vessel (OCV). TAS Offshore’s wholly-owned subsidiary, TA Ventures, received the notice of termination from QMS1 Offshore Services (QMS1). In a filing with Bursa Malaysia, the shipbuilder said the latest contract, valued at US$11.7mil (RM45.8mil), was for the construction of an offshore construction vessel with the delivery date being Dec 11, 2015. “The vessel was ready for delivery within the agreed time frame but the buyer failed to provide relevant documents and certificates for further process, citing technical and quality issues, which we strongly disagree with,” said TAS.

Nakilat - Keppel Offshore & Marine (N-KOM), the joint-venture shipyard between Qatar’s Nakilat and Keppel Offshore & Marine, has signed a landmark agreement with the Angelicoussis Group of Companies to be the preferred shipyard for ship repairs in the Middle East. The agreement applies to all vessels operating under the Group’s three ship management companies. N-KOM is located at Erhama Bin Jaber Al Jalahma Shipyard, in Ras Laffan, State of Qatar. Maran Gas Maritime’s LNG carrier was the first vessel to be drydocked at the shipyard when it commenced operations five years ago and since then, the shipyard has gone on to service thirteen LNG carriers and tankers from Maran Gas and Maran Tankers. Nakilat Managing Director Eng.

Japanese shipbuilding and maritime transport company Tsuneishi Holdings will invest up to $40 million to open ship repair services in Indonesia amid increasing efforts by the government to boost the archipelago's maritime industry, reports Jakarta Globe. Yasuharu Fushimi, chairman and president at Tsuneishi Holdins, said in a statement: "We see a big potential in Indonesia's shipping industry. Tsuneishi's venture into Indonesia is estimated to create up to 1,000 jobs, says the statement. Fushimi said that Tsuneishi will enter the ship repair service in Indonesia for the first phase, before entering the shipping industry in the second phase. However, he didn't disclose a specific schedule for both plans.

Nakilat-Keppel Offshore & Marine (N-KOM), the joint-venture shipyard of Keppel Offshore & Marine and Nakilat, continues to see strong interest for its ship repair services in 2015, having already delivered more than 450 projects for shipping and oil and gas companies over the past four years. Among the shipyard’s list of customers are Odfjell, Maran Gas Maritime, Diamond Shipping, Springfield Shipping, Maran Tankers, Donnelly Tankers, Synergy Maritime, Euronav, Dynacom Tankers, Jan de Nul, V Ships, Synergy Maritime, NYK Shipmanagement and many others.

Japanese shipbuilding and maritime transport company Tsuneishi Holdings  has expressed a commitment to invest up to $40 million to open ship repair services in Indonesia, reports The Jakarta Globe. The Hiroshima Prefecture-based company plans to invest US$40 million in a ship repair project in Indonesia, chief of the Capital Investment Coordinating Board (BKPM) Franky Sibarani said. Tsuneishi made the commitment at a meeting in Fukuyama with Franky Sibarani when the latter visited Japan last Monday as part of increasing efforts by the government to boost the archipelago’s maritime industry. Tsuneishi Holdings chairman and president Yasuharu…