Vigor orders largest floating drydock

Markets

Tuesday, January 15, 2013

Vigor Industrial has entered an agreement with Daoda Marine Heavy Industry Co. (DDHI) to buy a new floating drydock for $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. “We decided now is the time to buy because demand to service large vessels is growing and large drydock capacity in proximity to the U.S. West Coast has diminished,” said Vigor Indus...

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