Davie Yards Incorporated
||It has been suggested that this article be merged with Davie Shipbuilding. (Discuss) Proposed since May 2014.|
||It has been suggested that this article be merged with Marine Industries Limited. (Discuss) Proposed since May 2014.|
||It has been suggested that this article be merged with MIL-Davie Shipbuilding. (Discuss) Proposed since May 2014.|
Created in 2006 when TECO purchase the assets for the bankrupt MIL-Davie, the new Canadian unit is based in Lauzon, Quebec.
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.
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. 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. And finally, Upper Lakes, which was the only owner of the yard, sold to ZM Industries in November 2012. The company keep the same name.
A list of ships built at the yard while under TECO ownership (2006-2011):
- Cecon (offshore construction vessel - still under construction)