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

People & Company News

New CEO for Evergas

Evergas has appointed Steffen Jacobsen as CEO of the company as of 8 May 2015 Mr. Jacobsen joined Evergas 1 February 2015 as Vice President, Fleet after almost 35 years in Maersk.

NCSP Group Cargo Traffic Up 6% in Q1 2015

Novorossiysk Commercial Sea Port Group (NCSP Group or the Group) (LSE: NCSP, Moscow Exchange: NMTP) reports that Group’s consolidated cargo turnover in Q1 2015 increased by 2 million tonnes or 6.

Naming Ceremony of Evergreen's EVER LYRIC

Evergreen Group today held the naming ceremony for EVER LYRIC, the eighth of its L-type vessels built by CSBC Corporation in Taiwan. The ceremony took place

Contracts

Vigor’s Tacoma Yard Delivers Breasting Barges to Foss

Vigor Industrial expands its newbuild capacity in Washington; Tacoma yard delivers three breasting barges   Fabrication teams at Vigor Industrial’s Tacoma, Wash.

Hands Across the Water

U.S. firms leverage Netherlands-based Damen Shipyard’s vessel designs and technical support. For nearly 40 years, Damen Shipyards Group in the Netherlands has

Icebreakers Ordered for Neft’s Novy Port Project

Aker Arctic’s icebreaker design selected for Gazprom Neft’s Novy Port project   Aker Arctic and Vyborg Shipyard have confirmed a contract for the design of two

Shipbuilding

Naming Ceremony of Evergreen's EVER LYRIC

Evergreen Group today held the naming ceremony for EVER LYRIC, the eighth of its L-type vessels built by CSBC Corporation in Taiwan. The ceremony took place

Seaspan Takes Delivery of New Containership

Seaspan Corporation (SSW) has accepted delivery of a 14000 TEU containership, the YM Wellhead.    The new containership, which was constructed at Hyundai Heavy Industries Co.

'Make in India’ - the Newbuzzword in Indian Shipping Sector

The Prime Minister Narendra Modi's  'Make in India’ initiative offers a plethora of opportunities in the maritime sector, particularly in shipbuilding, with the

Workboats

Solving the LNG Propulsion Puzzle

The last piece of the LNG infrastructure puzzle, in the form of North America’s first LNG bunker barge, falls into place at Conrad’s Orange, Texas Shipyard. With

Royal IHC Launches Sister Pipelay Vessels

Netherlands-based Royal IHC today named and launched new pipelaying sister vessels, Sapura Jade and Sapura Ônix, in ceremonies at the company’s shipyard in Krimpen aan den IJssel, The Netherlands.

Arctic Offshore Rig Gets USCG Escort

U.S. Coast Guard (USCG) crews escorted heavy lift ship Blue Marlin as it toted a controversial 38,000-metric-ton drilling rig into Port Angeles, Wash., Friday. Blue Marlin,

 
 
Maritime Standards Navigation Offshore Oil Pod Propulsion Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar 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: 0.2555 sec (4 req/sec)