Vigor Industrial News

With a lame-duck CNO, a divided Congress and the impending launch of the next Presidential election cycle, America’s naval market is locked into something of a fragile and fearful autopilot, cruising inexorably towards whatever excitement 2024 might bring.Materially, don’t expect much change: The demand for naval platforms will continue to outstrip available funding, meaning there will be little movement or growth in America’s major shipbuilding programs of record. The procurement outlines are already set.

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…

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.

In an era of great power competition, navies – by virtue of their ability to span the globe and effectively deliver combat power – are likely to be the sine qua non of military power. This leads, naturally, to the tendency to count numbers of ship hulls when comparing the strength of navies. Lost on no one is the fact that the size of China’s Navy now exceeds that of the U.S. Navy, and the gap in ship numbers is growing.During the Cold War, while the quality of their ships might not have been equal to that of the U.S.

Salvage, emergency response and marine services company Resolve Marine announced that its vessel the Resolve Pioneer has completed its ABS special survey and U.S. Coast Guard (USCG) certificate of inspection following a drydock at Vigor Industrial in Portland, Ore. The drydock involved various technical upgrades, hull steel renewal, painting, overhaul and cleaning of the vessel.The 207-foot rescue boat is based in Western Alaska and provides critical emergency response and oil spill readiness 24/7. The Resolve Pioneer also helps to ensure that commercial vessels transiting U.S.

The Los Angeles Pilot Service has taken delivery of two new pilot boats equipped with full suites of quality Furuno marine electronics. The 56-foot Angels Pilot and Angels Navigator have been outfitted with complete integrated helm suites designed to assist in their mission of piloting ships in and out of Los Angeles Harbor, the busiest seaport in the western hemisphere. The pair of Camarc-designed boats were built by Vigor Industrial in Vancouver, Wash., and have made their way to their homeport in Los Angeles.The helm suites aboard the Angels Pilot and Angels Navigator feature a Furuno black box NavNet TZtouch2 TZT2BB multi function display connected to both 19” and 24” multi-touch displays, the MU195T and MU245T.

The Los Angeles Pilot Service has taken delivery of two customized 56-foot Camarc Design pilot boats built by Vigor Industrial at its Vancouver, Wash. facility, located on the northern side of the Columbia River. The Angels Pilot and Angels Navigator were handed over to the LA Pilot Service at Vigor’s shipyard on Swan Island in Portland, Ore. in early October.Camarc designs are optimized to function in the most extreme climates in the world. The UK firm's pilot boat designs are deployed throughout Europe…

One the United States' largest fleet service and ship repair sites is changing hands.Ship repair and commercial- and defense-related fabrication services provider Titan Acquisition Holdings announced on Wednesday it has reached a deal to acquire San Diego Shipyard from Huntington Ingalls Industries (HII). Financial terms were not disclosed. The transaction, expected to close in the second quarter, is subject to customary closing conditions.The San Diego Shipyard, formerly Continental Maritime of San Diego…

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…

Dignitaries from the State of Washington joined Governor Jay Inslee, Washington State Ferries officials and Vigor Industrial employees yesterday (September 9) at Vigor’s Seattle, Washington shipyard to celebrate the launch of a new hybrid-electric ferry build program for the ferry operator. Speakers included Washington State Governor Jay Inslee; Roger Millar, Secretary of Transportation for Washington State Department of Transportation; and Vigor’s CEO, Frank Foti. The ceremony concluded with a dedication of a sign marking program’s construction site.Earlier this year…

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…

U.S. President Donald Trump says he wants to build dozens of new warships in one of the biggest peace-time expansions of the U.S. Navy. But interviews with ship-builders, unions and a review of public and internal documents show major obstacles to that plan. The initiative could cost nearly $700 billion in government funding, take 30 years to complete and require hiring tens of thousands of skilled shipyard workers - many of whom don't exist yet because they still need to be hired and trained, according to the interviews and the documents reviewed. Trump has vowed a huge build-up of the U.S. military to project American power in the face of an emboldened China and Russia. That includes expanding the Navy to 350 warships from 275 today.

Navigating interesting times has the nation’s shipbuilding industry searching in unusual places. The answers could be blowing in the wind. Conducting commerce and forecasting the future for shipyards is akin to setting out in uncharted waters. For some, the voyage might prove to be easy sailing with favorable winds. Other times, it can be a rough ride, forcing long and unprogressive diversions. In the worst cases, one might run aground temporarily, hit rock bottom, capsize belly up, or be forced to turn around and give up.

For nearly two decades, Frank Foti has led Vigor’s transformation from a single, struggling shipyard to a thriving, increasingly diversified industrial company with 2,500 employees, 12 locations and approximately $700 million in annual revenue. According to Vigor, Foti often describes his motivation in three words: “Industrial Jobs Matter.” Committed to improving long-term, family-wage job opportunities workers and their families and communities, Foti and his management team have, over time, has worked to strategically expand and diversify the company, investing in training facilities and infrastructure along the way. Also according to Vigor…

Improved funding and management changes have the nation’s largest ferry system on a course to better times. Challenges remain, but WSF tackles each one in turn. Unlike the citizens of British Columbia, which pays a German shipyard to build its ferries, Washington state residents resolutely invest at home. By law, ferries are built locally and the results, overall, seem win-win. The state’s Office of Financial Management estimates that every $75 million in ferry construction generates about $90 million for the state’s economy.

Washington State Ferries (WSF) will start 2016 with construction of a new Olympic Class ferry, after signing a Notice to Proceed last week with shipbuilder Vigor Industrial for work on its fourth 144-vehicle ferry. Construction begins in January, with delivery scheduled for mid-2018. Along with the Tokitae, Samish and Chimacum, the fourth Olympic Class ferry is part of a series built to replace four of the state’s oldest ferries built during the 1950s and 1960s. “Our top priority is keeping the ferry system safe and reliable for the millions of commuters…

Export hulls – through the FMS Program, as well as Direct Sales – are a key piece of the business model. Even as the crash in energy prices feeds the oversupply of offshore support vessels – a key staple of U.S. boatbuilding diets – and the dwindling backlogs of some so-called ‘second tier’ yards,  a number of U.S. boat builders are still seeing robust demand for security vessels. Separately, tightening federal, state, municipal and overseas budgets are being trumped by the increased need for security craft that can perform more than one function.

Thordon Bearings has received an order to supply its COMPAC system to two Alaska Ferry newbuilds under construction at the Vigor Industrial shipyard in Ketchikan, Alaska. The Canada-based company, a supplier of seawater-lubricated propeller shaft bearings, will deliver the Environmentally Acceptable Lubricant (EAL)-compliant COMPAC propeller shaft bearing system for shaft diameters of 267mm (10.5”). Thordon has a strong history with Alaskan State Ferries with its seawater lubricated bearings installed on the Matanuska, Tustumena and Kennicott. Both of the twin-screw, 85m (280ft.) long Alaska-class ferries will have the capacity to carry 300 passengers and 53 standard vehicles and feature fully enclosed vehicle decks with bow and stern doors for quicker loading/unloading.

A small group of protesters and activists are gathering at the Cathedral Park boat ramp in Portland, preparing to stay for a 24-hour vigil as they wait for Royal Dutch Shell Oil's icebreaker ship, the MSV Fennica, to depart from Portland for the Arctic, reports Reuters. Following the lead of protesters in Seattle who tried to block ships headed for Shell's planned oil exploration in the Chukchi Sea, the Portland "kayaktivists" said they would conduct a vigil overnight on the Willamette River, which runs through downtown Portland. "Our goal is to basically demonstrate as much community resistance to Shell’s plans to drill for oil and secure new oil reserves in the Arctic,” said Meredith Cocks, organizer with environmental activist group Portland Rising Tide.

Thordon Bearings has received an order to supply its COMPAC system to two Alaska Ferry newbuilds under construction at the Vigor Industrial shipyard in Ketchikan, Alaska. The Canada-based company, a supplier of seawater-lubricated propeller shaft bearings, will deliver the Environmentally Acceptable Lubricant (EAL)-compliant COMPAC propeller shaft bearing system for shaft diameters of 267mm. The twin-screw, 280ft long Alaska-class ferries will each have capacity to carry 300 passengers…

The 14,000-long ton capacity drydock Vigilant that will support hundreds of family-wage industrial jobs at Vigor Industrial’s shipyard on Harbor Island is scheduled to arrive in Elliott Bay late Saturday or early Sunday. The 528-foot long drydock, which is being towed from Portland by tugs from Seattle’s Harley Marine Services, will enable Vigor to continue to compete with California and U.S. Gulf Coast shipyards for ship repair, maintenance and construction contracts. The Vigilant replaces a sister drydock that was decommissioned in February. “This is a needed and valuable asset for our Seattle yard, our workers and the local maritime economy,” said Adam Beck, Vigor’s executive vice president of ship repair.

Tidewater Transportation and Terminals, headquartered in Vancouver, Washington, has taken delivery of Crown Point, a new custom-built towboat commissioned at Portland’s Vigor Industrial. Crown Point is the first of a series of three towboats being built at Vigor for Tidewater, and will join the company’s current fleet of 16 vessels and 160 barges. Marc Schwartz, Maintenance & Engineering Manager at Tidewater, expressed, “The launching of the Crown Point, and the forthcoming Granite Point and Ryan Point vessels, marks an important step for Tidewater.

Fabrication teams at Vigor Industrial’s Tacoma, Wash. shipyard have delivered three 60’ x 24’ x 15.5’ breasting barges to Foss Maritime. The barge system will be used to moor Shell’s drill rigs at Terminal 5 in Seattle, Wash. where the company is scheduled to ready its fleet for Arctic drilling this summer. The project was completed in less than two months and created 60 family wage jobs for the Tacoma yard and its subcontractors. “We are so pleased that our Tacoma shipyard is now building new vessels,” said Bryan Nichols, Vigor Fab sales manager.