Home Must Reads Vigor buys country's largest floating drydock

Vigor buys country's largest floating drydock

| Print |  Email
Must Reads
Tuesday, January 15, 2013

Portland-based ship repair firm Vigor Industrial has agreed to buy the largest floating drydock in the country for $40 million.

Vigor announced the deal with Daoda Marine Heavy Industry Company, which will build the drydock in Jiangsu Province, China. The 960-foot-long, 186-foot-wide dock is scheduled to arrive in Portland by March 2014. When it is installed in Portland, Vigor will be able to bid on larger ship repair contracts, including cruise ships and military jobs, said CEO Frank Foti.

The purchase agreement comes 12 years after Vigor sold Drydock 4 and watched it sail away to the Bahamas. The new drydock "is nearly an exact duplicate" of the one sold in 2001, Foti said. The market and Vigor have changed since then, he said.

Read more at OregonLive.com.

{biztweet}vigor drydock{/biztweet}

 

More Articles

Downtime

October 2014
Thursday, September 25, 2014
BY JESSICA RIDGWAY

I'm not very interesting,” says a modest Ray Di Carlo, CEO and executive producer of Bent Image Labs, an animation and visual effects studio.


Read more...

Books Rule

October 2014
Thursday, September 25, 2014
BY JON BELL

Powell's stays relevant in the digital age.


Read more...

Launch

September 2014
Tuesday, August 26, 2014
BY JESSICA RIDGWAY

September's Launch article features Orchid Health, BuddyUp and Inter-Europe Consulting.


Read more...

The Alchemist

September 2014
Tuesday, August 26, 2014
BY LINDA BAKER

David Howitt explains why Portland consumer brands like Stumptown and Voodoo Doughnuts are taking the world by storm.


Read more...

Innovation: a critique

News
Wednesday, October 08, 2014
1008 innovation thumbBY LINDA BAKER | OB EDITOR

A Design Week panel discussion raises questions about how innovative we really are.


Read more...

A Recipe for Success

October 2014
Thursday, September 25, 2014
BY LINDA BAKER

Two businesswomen, two iconic food brands and one food-obsessed city. We thought this sounded like a recipe for good conversation. So in late August, Oregon Business sat down with Wendy Collie, CEO of New Seasons Market, and Kim Malek, owner of Salt & Straw, to discuss their rapidly expanding businesses and Oregon’s trendsetting food scene.


Read more...

Gone Girl

News
Monday, September 29, 2014
roundup-logo-thumb-14BY LINDA BAKER | OB EDITOR

Wehby disappears, Kitzhaber fails to disclose and Seattle gets bike share before Portland.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS