Davie Yards Incorporated

Davie Yards Incorporated

Davie Yards Incorporated is a ship building unit of TECO Group or Norway and is the successor to Davie Shipbuilding and MIL-Davie Shipbuilding.

Created in 2006 when TECO purchase the assets for the bankrupt MIL-Davie, the new Canadian unit is based in Lauzon, Quebec.

Contents

Fincantieri bid

In early 2011, Davie announced a bid by Fincantieri – Cantieri Navali Italiani of Italy and Fincantieri subsidiary DRS Technologies Canada to purchase the shipyard from TECO.[1] This deal fell through in July 2011.

Seaway bid

After the Fincantieri deal fell through, the yard underwent financial restructuring in July 2011 in order to qualify to bid for a portion of the $40 billion contract known as the National Shipbuilding Procurement Strategy which will see ships built for the Canadian Coast Guard, Canadian Forces and Department of Fisheries and Oceans.[2] This procurement strategy had its bidding deadline extended by 3 weeks specifically to accommodate the Davie restructuring.

Part of the restructuring of Davie involved changing ownership to a partnership between Seaway Marine & Industrial Inc. (owner of the Port Weller Dry Dock) through its subsidiary 7731299 Canada Inc, as well as Canadian engineering conglomerate SNC-Lavalin and South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME). Final details of the restructuring have not been revealed.

Presumably the restructured company will have a new name and will not be using the term "Davie Yards Inc."

Ships

A list of ships built at the yard while under TECO ownership (2006-2011):

  • Cecon (offshore construction vessel - still under construction)
  • VS4220 (offshore construction vessels - still under construction)

References

External links


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