Page 55: of Marine News Magazine (March 2013)

THE NEW DRY DOCK For anyone doubting Vigor?s intent to compete and indeed grow their West Coast business, then their Janu- ary agreement with Daoda Marine Heavy Industry Company (DDHI) to purchase a new  oating drydock for $40 million removed all doubt. 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  oating drydock in the United States. ?We decided now is the time to buy because demand to service large vessels is growing and large drydock capac- ity in proximity to the US West Coast has diminished,? said Vigor Indus- trial CEO Frank Foti. The new asset, scheduled for delivery in March 2014, will be stationed in Portland, Oregon. With the new capacity, Vigor can bid to service the incoming genera- tion of the US Navy?s Military Sealift Command (MSC) dry cargo/ammu- nition ships and the drydock will be large enough to service private vessels including post-Panamax cargo ships and cruise ships. The increased capac- ity 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 sum- Maritime businesses face a complex set of insurance needs on a daily basis. So having a trusted maritime advisor on your side 24/7 could be the difference between sinking or swimming. Enter Randy Carnahan. With years of marine insurance experience, Randy understands your dynamic business landscape intimately. He heads up Gencorp Insurance Groups Marine Division whose sole purpose is to provide marine contractors, vessel ope rators, salvors, builders and repairers with insurance safeguards and solutions. Call Trusted Marine Advisor Randy Carnahan today. Randy Carnahan Marine Insurance Advisor TRUSTEDMARINE INSURANCEADVISORS Call Randy Carnahan 800.232.0582 x182East Greenwich, RI 02818 l [email protected] l gencorp-ins.com www.marinelink.com MN March2013 Layout 50-65.indd 55MN March2013 Layout 50-65.indd 553/4/2013 3:52:56 PM3/4/2013 3:52:56 PM