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21st to 23rd of May 2024
21st, 22nd & 23th
MAY 2024

- CONFIRMED DATES -

Metalships invests 10 million euros to raise a ship repair center

It closes the purchase of a new dike with which it will be able to serve ships of 180 meters

Metalships & Docks has just confirmed the purchase of a new floating dock, which means an investment of 10 million euros and the creation of a naval repair center in the Ria de Vigo, "an emblematic project". The new structure will have the capacity to serve ships of up to 180 meters in length and 10,000 tons, what they explained from the shipyard of Teis will allow "the stranding of almost all the ships" that operate in the port of Vigo and in others near, in addition to preventing the large length units built in shipyards of Vigo from having to move to others with greater capacity (as in Ferrol or Viana do Castelo) for pre-workout services.  "It was a desired goal for decades that the Ría de Vigo can repair ships of large lengths," explained the president of the Rodman Polyships Group, Manuel Rodriguez.

The acquisition made by the shipyard from Vigo confirms what was advanced by FARO last September. The operation, which had been left in stand-by, has been closed with the purchase of a structure similar to the one it already has today. With this dock, Metalships will be able to double the capacity of a service it offers to the yard by around a fifth of its annual sales figure, according to its annual accounts.

From Metalships explain that the new dock "will allow the shipyard to compete in the international market" of the naval repair of ships of great length and will suppose the generation of a million hours of work in the yard per year.

However, the confirmation of the transaction has a double immediate consequence. On the one hand, the investment means the reactivation of the Naval Repair Center in the Ria de Vigo, a project promoted in 2006 by a group of shipyards and auxiliary companies (with Metalships as one of its first shareholders) and that finally did not take place.

On the other hand, it also means getting ahead of the plan of another naval repair center, the one that the auxiliary Viguesa de Calderería (Vicalsa) has for the installations of Factorías Vulcano and that, for the moment, still does not materialize. It is precisely tomorrow that the deadline for submitting bids by the yard ends, before phase two of the sale begins in the liquidation plan.

(Source: Faro de Vigo)