Thursday, May 28, 2020

Frank Foti News

Photo courtesy of Vigor

New Hybrid-Electric Ferry Program for WSF

Dignitaries from the state of Washington joined Governor Jay Inslee, Washington State Ferries officials and Vigor employees at Vigor’s Seattle shipyard to celebrate the beginning of the greening of WSF’s fleet. Speakers included Governor Inslee, Roger Millar, Secretary of Transportation for Washington State Department of Transportation, and Vigor CEO Frank Foti. The ceremony concluded with a dedication of a sign marking the construction site of the Program.Earlier in the year Washington’s legislature authorized a contract extension for Vigor to build up to five 144-car Olympic class…

Vigor Industrial’s CEO, Frank Foti (Photo courtesy Vigor Industrial)

Vigor Industrial: A Rising Star in Shipbuilding in the Pacific Northwest & Alaska Arctic

“There is a resurgence of the marine industry in the Pacific Northwest we haven’t seen for 20 to 30 years now,” said Vince Piscitello, Vice President of Business Development for Vigor Industrial LLC. “The oil and gas industry is really new to our area,” he said, although he expects to see it grow significantly with Shell’s exploration of the Chukchi and Beaufort Seas off Alaska’s northern coast. State run ferry operations in Washington and Alaska are at a point where they must renew fleets built in the 50s and 60s.

Alaska Ship & Drydock: current view & planned development. (Image courtesy: Vigor.com)

Vigor to Acquire Alaska Ship & Drydock

Vigor today announced its plan to acquire Alaska Ship and Drydock Inc. (ASD), further consolidating the business of ship repair on the U.S. West Coast. ASD intends to transition its business and assets to Vigor pending approval of the transfer of ownership by the Alaska Industrial Development and Export Authority (AIDEA), the owner of the Ketchikan Shipyard where ASD is based. The private companies hope to finalize their agreement on or before March 1st. ASD would operate the Ketchikan Shipyard (KSY) as the Alaska Ship & Drydock LLC subsidiary…