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Thread: Vigor Industrial Places $40 Million Order for Huge Floating Drydock

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    c.captain's Avatar
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    Default Vigor Industrial Places $40 Million Order for Huge Floating Drydock

    of course this is good as Vigor obviously sees the work ahead in the US for such a dock but it's still not wide enough to drydock the KULLUK!

    Vigor Industrial Places $40 Million Order for Huge Floating Drydock, Largest in United States

    By gCaptain Staff On January 14, 2013

    Vigor Industrial announced today they have reached an agreement with Daoda Marine Heavy Industry Company (DDHI) to purchase a new floating drydock for a total consideration of $40 million. At 960 feet long, with an inside width of 186 feet and a lifting capacity of 80,000 long tons, it will be the largest floating drydock in the United States upon delivery.

    “We decided now is the time to buy because demand to service large vessels is growing and large drydock capacity in proximity to the US West Coast has diminished,” said Vigor Industrial CEO Frank Foti.

    The new drydock, set to be stationed in Portland, will be 300 feet longer than the largest drydock Vigor currently owns. It will be one and half times wider and will be able to lift more than triple the weight.

    This new capacity will allow Vigor to service the incoming generation of the US Navy’s Military Sealift Command (MSC) dry cargo/ammunition ships, which are replacing some smaller MSC ammunition, combat stores and fuel ships. The drydock will be large enough to service private vessels including post-Panamax cargo ships and cruise ships. The increased capacity will also help Vigor meet growing demand from the Arctic as oil and gas exploration and other ship operators take advantage of longer ice-free summers.

    In addition to growing demand, the past decade has seen half a dozen large drydocks go out of service in the Pacific region.

    DDHI will build the drydock at its facility in Jiangsu Provence, China, for delivery by March 2014. It will be towed to Portland in three pieces for assembly, and its first job will likely be to prepare Vigor’s largest Portland-based drydock for use at Vigor’s Seattle facility. This would provide the Seattle shipyard with a new capacity to service Panamax-sized vessels.

    “We are thrilled that Vigor chose us as a partner for this major capital investment,” said Victor Huang, Vice President of DDHI. “Our world-class facilities and experience allow us to provide the best quality drydock at the most competitive price.”

    “We look forward to working with DDHI on this critical project,” Foti said. “The new drydock will allow us to meet future demand, grow our business and put more people to work in the Pacific Northwest.”

    of course this begs the question of why in the hell did they ever sell that drydock that was at Cascade General 15 years ago! But as Tim Colton says sure making a lot of money in the Bahamas tho.
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    Default Re: Vigor Industrial Places $40 Million Order for Huge Floating Drydock

    That's gonna be bigger than BAE's (formerly Norshipco) Titan. Sweet.

    Gotta have a nice big place for the T-AKEs.
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    The Commodore is offline gCaptain Crew
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    Default Re: Vigor Industrial Places $40 Million Order for Huge Floating Drydock

    I would think Vigor is looking at the bigger picture of all the T-AKE's and other government contract work they can pick up by having this dock. Putting it in Portland, they are not gonna have to worry about the Kulluk or Discoverer or any other rig coming up, air draft negates that.
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    Quote Originally Posted by The Commodore
    I would think Vigor is looking at the bigger picture of all the T-AKE's and other government contract work they can pick up by having this dock. Putting it in Portland, they are not gonna have to worry about the Kulluk or Discoverer or any other rig coming up, air draft negates that.
    Surprised they wouldn't put the big dock in Seattle? I guess Portland is more central on the coast maybe that is the thinking.
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