Davie Yards Incorporated is a ship building unit of TECO Group or Norway

Norway

Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...

 and is the successor to Davie Shipbuilding

Davie Shipbuilding

Davie Shipbuilding is a historic shipbuilding company located in Lauzon, Quebec. The facility has undergone restructuring and is currently operating as Davie Yards Incorporated.-History:...

 and MIL-Davie Shipbuilding

MIL-Davie Shipbuilding

MIL-Davie Shipbuilding is a historic Canadian shipbuilding company that was located in both Sorel, Quebec and Lauzon, Quebec .In 1986, Marine Industries Limited merged with Davie Shipbuilding to become 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

Lauzon, Quebec

Lauzon is a former city in southern Quebec, Canada, located on the St. Lawrence River northeast of Lévis. Founded in 1910, Lauzon had a population of about 14,500 when it merged with Lévis in 1989...

.

Fincantieri bid

In early 2011, Davie announced a bid by Fincantieri – Cantieri Navali Italiani

Fincantieri

Fincantieri - Cantieri Navali Italiani S.p.A. is a shipbuilding company based in Trieste, Italy. It was formed in 1959 and is the largest shipbuilder in the Mediterranean, and one of the largest in Europe...

 of Italy

Italy

Italy , officially the Italian Republic languages]] under the European Charter for Regional or Minority Languages. In each of these, Italy's official name is as follows:;;;;;;;;), is a unitary parliamentary republic in South-Central Europe. To the north it borders France, Switzerland, Austria and...

 and Fincantieri subsidiary DRS Technologies Canada to purchase the shipyard from TECO. This deal fell through in July 2011.

Seaway bid

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

National Shipbuilding Procurement Strategy

The National Shipbuilding Procurement Strategy is a Government of Canada program operated by the Department of Public Works and Government Services.- Work :...

 which will see ships built for the Canadian Coast Guard

Canadian Coast Guard

The Canadian Coast Guard is the coast guard of Canada. It is a federal agency responsible for providing maritime search and rescue , aids to navigation, marine pollution response, marine radio, and icebreaking...

, Canadian Forces

Canadian Forces

The Canadian Forces , officially the Canadian Armed Forces , are the unified armed forces of Canada, as constituted by the National Defence Act, which states: "The Canadian Forces are the armed forces of Her Majesty raised by Canada and consist of one Service called the Canadian Armed Forces."...

 and Department of Fisheries and Oceans

Fisheries and Oceans Canada

Fisheries and Oceans Canada, frequently referred to as DFO , is the department within the government of Canada that is responsible for developing and implementing policies and programs in support of Canada's economic, ecological and scientific interests in oceans and inland waters...

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

Part of the restructuring of Davie involved changing ownership to a partnership between Seaway Marine & Industrial Inc. (owner of the Port Weller Dry Dock) through its subsidiary 7731299 Canada Inc, as well as Canadian engineering conglomerate SNC-Lavalin

SNC-Lavalin

SNC-Lavalin Group Inc. is a large Canadian engineering firm. It is one of the ten largest engineering firms in the world and is based in Montreal, Quebec. It formed in 1991 from the merger of SNC and the failing Lavalin, another Quebec based engineering firm....

 and South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering

Daewoo Shipbuilding & Marine Engineering

Daewoo Shipbuilding & Marine Engineering Co., Ltd ' is the second largest shipbuilder in the world and one of the "Big Three" shipbuilders of South Korea.On 21 February 2011, the A. P...

(DSME). Final details of the restructuring have not been revealed.

Presumably the restructured company will have a new name and will not be using the term "Davie Yards Inc."

Ships

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

• Cecon (offshore construction vessel - still under construction)
• VS4220 (offshore construction vessels - still under construction)

External links

• Davie Yards Inc.