Davie Yards Incorporated

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Davie Yards Incorporated is a ship building unit of TECO Group of 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.

Fincantieri bid[edit]

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. This deal fell through in July 2011.

Seaway bid[edit]

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.[1] This procurement strategy had its bidding deadline extended by 3 weeks specifically to accommodate the Davie restructuring.

As part of the restructuring, Upper Lakes Groups Inc. (owner of Seaway Marine & Industrial Inc.) bought the assets of the bankrupt of Davie Yards Inc.. The Canadian engineering conglomerate SNC-Lavalin, Upper Lakes Groups Inc. and South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) will partner in a joint venture. The new company was born Chantier Davie Canada Inc.

Finally, Davie has not been selected for NSPS. With this failure, DSME declined to join the joint venture. SNC-Lavalin withdrew from the joint venture in May 2012.[2] And finally, Upper Lakes, which was the only owner of the yard, sold to ZM Industries in November 2012.[3] The company keep the same name.

Ships[edit]

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

  • Cecon (offshore construction vessel - still under construction)

References[edit]

External links[edit]