Vigor Set to Expand With Another Alaskan Shipyard

Vigor Industrial, already a regional shipbuilding and repair powerhouse, is in negotiations to expand its business in the Pacific Northwest, with the acquisition of Seward Ship's Drydock, Seward, Alaska. Vigor reports that the owner of Seward Ship’s Drydock has signed a letter of intent to sell the assets of the Seward, Alaska, shipyard company to Vigor Industrial. The two companies are currently negotiating the terms of the potential sale and expect the sale to be finalized after satisfactory completion of environmental, financial and business due diligence and after Seward Ship’s Drydock, Vigor and the City of Seward reach a final agreement on certain details of the agreement.