Leevac Acquires Quality Shipyards from Tidewater

MarineLink.com
Monday, July 01, 2013
(Photo: Greg Trauthwein)

LEEVAC Shipyards, LLC through its newly created subsidiary LEEVAC Shipyards Houma, LLC (LEEVAC) has completed the acquisition of substantially all assets of Quality Shipyards, Inc. (Quality) located at 3201 Earhart Street in Houma Louisiana from Tidewater Marine, LLC (NYSE: TDW).

The acquisition of assets includes 35 acres of industrial property located on 2,500 feet of waterfront along the intracoastal waterway, 4 drydocks (the largest measuring 4,200 tons of capacity), 100,000 square feet of covered production facilities and several large track cranes.
Christian Vaccari, President and Chief Executive Officer of LEEVAC said, “I want to personally welcome all of the employees of Quality into the LEEVAC family. My message to the employees of Quality has been, and will continue to be that while Tidewater’s primary business is the ownership and operation of offshore service and supply vessels, LEEVAC’s core business is ship construction and ship repair. You all have the opportunity to play a vitally important role in the growth of our company.”


Three years ago, LEEVAC entered into the repair business with the opening of our Lake Charles location. Listening to our customers’ requests for a repair facility east of Lake Charles prompted our search. When the opportunity arose for us to buy the Quality facility, it made perfect sense. The location, management team, workforce and assets combined with our successful business relationship with Tidewater made this an easy decision for us. The Houma facility is located closer to many of the shore based operations of our customers who operate in the Gulf of Mexico and inland waterways and also provides us some geographic diversification for our repair business. Additionally, we plan to make investments in the facility that will allow us to expand our new construction business.”


Billy Brown, Tidewater’s Vice President for Engineering and Technical Services, said, “Tidewater was very pleased to reach an agreement with LEEVAC in regards to the assets and ship repair business of Quality Shipyards. Many of the employees of Quality that will have an opportunity to join LEEVAC have been part of the Tidewater family for many years and we offer them our very best wishes in the years to come. Tidewater has worked with LEEVAC on numerous new construction projects, including the LDS 300 DE series of deepwater PSVs. We consider Chris and the rest of the LEEVAC team to be high quality professionals and we look forward to continuing to work with LEEVAC on our on-going new construction projects. We also look forward to developing a ship repair relationship with LEEVAC.”
 

  • The Buckeye State, a towboat built by Quality Marine in 2008. (Photo: Greg Trauthwein)

    The Buckeye State, a towboat built by Quality Marine in 2008. (Photo: Greg Trauthwein)

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

People & Company News

CFE to Lift Eight LNG Cargoes

Mexican state-owned utility CFE has bought eight cargoes of liquefied natural gas (LNG), four traders said. Swiss trading house Trafigura was awarded the bulk of the volume,

‘Maritime Spectrum’ of CMMI a Big Draw

For The Company of Master Mariners of India, the conference “Maritime Spectrum” that comes at the turn of each year has become a brand in itself, and each one

ms Veendam Rescues Pilot Off Maui Coast, Hawaii

On Sunday, Jan. 25, 2015, at 5:21 p.m. local time while en route to Lahaina, Hawaii, Holland America Line’s ms Veendam answered a request for assistance from

Contracts

CFE to Lift Eight LNG Cargoes

Mexican state-owned utility CFE has bought eight cargoes of liquefied natural gas (LNG), four traders said. Swiss trading house Trafigura was awarded the bulk of the volume,

InterMoor Completes Juniper Mooring Installation Contract

InterMoor has completed a mooring and foundation installation campaign for bpTT’s Juniper gas project offshore Trinidad and Tobago, reportedly the largest foundation

Huisman Cranes for New Maersk Subsea Support Vessels

In December 2014, Huisman secured a contract from COSCO (Dalian) Shipyard for the delivery of four customized 400mt Rope Luffing Knuckle Boom Cranes and two 100mt

Shipbuilding

Huisman Cranes for New Maersk Subsea Support Vessels

In December 2014, Huisman secured a contract from COSCO (Dalian) Shipyard for the delivery of four customized 400mt Rope Luffing Knuckle Boom Cranes and two 100mt

Coast Guard Cutter William Trump Commissioned

The Coast Guard Cutter William Trump was commissioned during a ceremony at Coast Guard Sector Key West Saturday Jan. 24, 2015. The Trump is the 11th fast response cutter in the Coast Guard fleet.

World's Largest Ship Sparks Outrage

Jewish groups in the Netherlands and Britain have reacted with rage and despair at the arrival in Rotterdam of the world's biggest ship, the Pieter Schelte, named

Workboats

Towing Vessel Sinks off Oahu

A 95-foot towing vessel, Nalani, sank approximately two and half miles west of Barbers Point Harbor, Oahu, Thursday, the U.S. (USCG) Coast Guard reported. The 11

US Boating On High Speed Recovery

Nearly 89 million Americans went boating last year, one of the largest boating participation figures on record. And the boat sales last year increased to $37 billion,

Lindner Sees Strong 2015

On the last day of what proved to be a busy Workboat show in New Orleans, Mikael Lindner, President, Scania North America, sat with Maritime Reporter & Engineering

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Offshore Oil Salvage Ship Repair Ship Simulators Sonar 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: 0.2242 sec (4 req/sec)