Greater Synergies for Ship Repair in the US

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VT Marine recently acquired facilities of 38 hectares for offshore oil and gas rig repairs, upgrades and conversions.

Since the downturn of the offshore and marine industry, ST Marine has been looking to acquire assets representing long-term value which can also enhance its capabilities whilst offering scale advantages in the marine repair segment. With the acquired assets situated in a prime location in the Gulf of Mexico, within close proximity to VT Halter Marine’s Pascagoula yard, this acquisition is expected to derive shared services synergies across common areas and will be working towards optimisation of production resources and facilities between both yards. It can also achieve a more efficient capital allocation and resource utilisation operationally. Coupled with the complementary business in VT Halter Marine, customers can now be offered a more comprehensive suite of offshore and marine services.

VT Marine also advocates a pursuit of excellence in ensuring superior safety and performance. With the notion “Safe Work Environment is our First Priority” as its core, zero incidents is its goal and minimal expectation. VT Marine operates at a world-class safety standard and its history of safety performance and awards, quality achievement and respect for the environment are a testament to these high standards.

About VT Marine

VT Marine, a company of VT Systems, is an affiliate to VT Halter Marine and a leading provider of services for repair, maintenance, overhaul, conversion and new construction of offshore drilling rigs, LNG vessels, power barges and other vessels for the marine and oil/gas industries. Headquartered in Pascagoula, Mississippi, VT Marine provides dry-docking, upgrades, repair, conversion, major fabrication, new construction and on-location or in-transit offshore service teams. Its facilities include a full complement of cranes, panel line, shops, warehousing and offices to support all size projects.

VT Halter Marine, the marine operations of VT Systems, is based in Pascagoula, Mississippi and is a leader in the design and construction of medium-sized ships in the United States. VT Halter Marine designs, builds and repairs a wide variety of ocean-going vessels such as patrol vessels, oil recovery vessels, oil cargo vessels, ferries, logistic support vessels and survey vessels. Please visit www.vthaltermarine.com for more information.

VT Systems is an engineering company providing integrated solutions to the commercial and government markets in the aerospace, electronics, land systems and marine sectors. VT Systems’ innovative solutions, products and services include aircraft maintenance, repair and modification; software solutions in training and simulation; satellite-based IP communications technology; network solutions that integrate data, voice and video; rugged computers and computer peripheral equipment; specialized truck bodies and trailers; weapons and munitions systems; road construction equipment; and ship design and shipbuilding. Headquartered in Alexandria, Va., VT Systems operates globally and is a wholly owned subsidiary of ST Engineering. Please visit www.vt-systems.com for more information.

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