• 2021 June 13 14:18

    Lyon Shipyard to invest $24.4 million to expand its operation in the City of Norfolk

    Lyon Shipyard, a full-service ship repair and industrial service provider, will invest $24.4 million to expand its operation in the City of Norfolk. The company will add a new marine travel lift and increase the footprint of its waterfront dry dock. Virginia successfully competed with North Carolina for the project, which will create 119 new jobs, Lyon Shipyard said citing Governor Ralph Northam announcement.

    “Lyon Shipyard has been an integral part of the thriving maritime economy in Hampton Roads for nearly a century,” said Governor Northam. “The company’s continued investment and job creation in Norfolk is a powerful testament to the strength of the local workforce and the region as an international shipping hub. We are proud to support this expansion, and look forward to Lyon Shipyard’s future growth in our Commonwealth.”

    Established in 1928, Lyon Shipyard has over 93 years of continuous service in ship repair and industrial service. Lyon Shipyard has two facilities in Norfolk located on over 30 acres of prime waterfront property along the eastern branch of the Elizabeth River. The company supplies commercial and government customers with services including marine electronics repair, barge repair, and pier side repairs, as well as hauling vessels out of the water for underwater repairs to equipment such as propellers, tail shafts, and rudders. The company’s commercial customers include tug and barge operators, dredging and marine construction contractors, ferry and cruise ship operators, research vessels, and commercial fishing companies. Lyon’s government customers include the U.S. Navy, U.S. Army, the Coast Guard, Military Sealift Command, and the Maritime Administration.

    “We congratulate Lyon Shipyard on its success and thank them for expanding operations in Norfolk,” said Secretary of Commerce and Trade Brian Ball. “The shipping industry is a major economic driver for Hampton Roads, and partners like Lyon ensure commercial and government marine vessels stay in operation. The Commonwealth’s recruitment and training incentives help secure these competitive projects, and we are pleased to see the addition of 119 new jobs for the region’s hardworking residents.”

    “When we started exploring the expansion of the shipyard, other states reached out to us about a possible relocation,” said George Lyon, President of Lyon Shipyard. “Due to the resources here in Virginia and the willingness of the city and the Commonwealth to help us with our plans, we came to the realization that Virginia was the place for Lyon Shipyard. We are excited to continue our story here in Norfolk.”

    The Virginia Economic Development Partnership worked with the City of Norfolk to secure the project for Virginia and will support Lyon Shipyard’s job creation through the Virginia Jobs Investment Program (VJIP), which provides consultative services and funding to companies creating new jobs in order to support employee recruitment and training activities. As a business incentive supporting economic development, VJIP reduces the human resource costs of new and expanding companies. VJIP is state-funded, demonstrating Virginia’s commitment to enhancing job opportunities for citizens. The company is also eligible to receive state benefits from the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development. Lyon Shipyard will also receive a 2021 Small Shipyard Grant from the U.S. Department of Transportation’s Maritime Administration.

    “We are proud that Norfolk is home to one of the world’s most important maritime and defense ship repair communities,” said Norfolk Mayor Kenneth Cooper Alexander. “We appreciate that Lyon Shipyard chose to continue investing and creating jobs in Norfolk. After more than 90 years in operation, Lyon Shipyard’s ongoing commitment to our city reinforces our critical role in America’s ship repair industry and national defense.”

    “The U.S. shipbuilding industry is critical to our national infrastructure, as well as the economic health of our nation,” said Matthew Paxton, President of Shipbuilders Council of America. “The important investments made by the Commonwealth of Virginia and the U.S. Maritime Administration to Lyon Shipyard accelerates growth in one of America’s most innovative legacy industries and will infuse important capital into communities from coast to coast.”

    “I am thrilled to see Lyon Shipyard making a $24.4 million dollar investment in Norfolk to expand its facility,” said Senator Lionell Spruill, Sr. “The opportunity for more quality jobs in the ship repair industry is critical for our citizens. Lyon Shipyard has been a wonderful partner in our region for over 90 years, and we look forward to the company continuing to grow and succeed in our region.”

    “I’m so thrilled to see Lyon Shipyard expanding its presence in our great city,” said Delegate Jay Jones. “With this investment, tens of millions of dollars will flow into Norfolk and countless workers will find new, good-paying jobs. I look forward to continuing our city’s relationship with Lyon Shipyard to bring even more jobs and investment as we build a Norfolk for every working family.”




2021 July 27

12:25 ABS leads EMSA consortium studying alternative fuels and technologies
12:12 IADC reveals the fifteen nominations in the running for the IADC Safety Awards 2021
11:44 FESCO performs its first intermodal shipment of containers with shoes from China to Krasnodar via CPV
11:26 MSC, Fincantieri and Snam to partner for world’s first oceangoing hydrogen-powered cruise ship
11:10 Yang Ming takes delivery of one more 11,000 TEU ship to upgrade Trans-Pacific service
10:45 The President of the European Council Charles Michel was briefed on the capabilities of the Port of Baku
10:39 Damen Marine Components awarded contract to provide rudders and steering gear for Navantia
10:23 DCT Gdańsk and the Port of Gdańsk enter a new era of container handling on the Baltic Sea
09:59 CMA CGM to launch a new RORO Short Sea Med service connecting Marseille & Barcelona with Casablanca
09:51 LNG terminal to be built on Sakhalin by the end of 2023
09:32 Baltic Dry Index as of July 26
09:16 Crude oil market seed upward price correction

2021 July 26

18:04 IPCSA ‘honoured’ to join the World Customs Organization’s Private Sector Consultative Group
17:57 M. Skuodis: expansion of the southern part of the Port of Klaipėda has potential to attract new cargo and investments
17:35 Sri Lanka Ports Authority with ILO support commences training for seafarers
17:14 Vitol Bunkers adds first offshore location to its USGC and Caribbean supply offering
16:20 Operation on delivery of 111-meter long column for Amur GCC is underway
16:03 Mobile harbour crane investment to further improve cargo handling efficiency at Port of Newcastle
15:13 TotalEnergies signs renewable power purchase agreement with Air Liquide
14:59 RF Government suggests establishing free customs area on Kuril Islands
14:34 The COVID 19 has strong impact on the port of Helsinki
13:44 DP World and Rosatom sign agreement for Northern Transit Corridor
13:36 FSUE Atomflot and Murmansk Marine Biological Institute sign cooperation agreement
12:57 Average spot market price for Russian M100 product fell to RUB 24,400 pmt
12:38 Onezhsky Shipyard lays down fourth serial crab catching ship for Russian Crab Group
12:05 Mitsubishi Shipbuilding launches ceremony for the first of two large multi-role response vessels being built to order for the Department of Transportation in the Republic of the Philippines
11:59 Saint-Petersburg and Kronshtadt hosted Russia's Main Naval Parade on RF Navy Day
11:04 Port of Antwerp implements a Yard Opening Time scheme for all containers
10:40 Wharf One ready for new business at Port of Mackay
10:10 Admiralteyskie Verfi shipyard launches CT-192 series trawler named Mekhanik Sizov
09:58 Huntington Ingalls Industries authenticates the keel of Legend-class national security cutter Calhoun
09:35 Crude oil prices go down due to coronavirus risks
09:17 Baltic Dry Index as of July 23
09:08 Ascenz, the Singapore-based GTT Smart Shipping Company, launches an innovative solution to improve the bunkering process
08:31 Grimaldi extends to Zeebrugge its freight link between Belgium and Ireland
07:56 Sembcorp Marine delivers three wellhead and riser topsides and bridges to TotalEnergies EP Denmark

2021 July 25

14:58 USCG, partners medevac mariners off Kauai
14:51 WinGD first to deliver space-saving on-engine NOx aftertreatment
13:51 Tackling the fuel conversion conundrum
12:37 Panama renews maritime transport agreement with China
11:39 ABP Southampton appoints Head of Property
10:54 Agreement on Elbe River navigability signed

2021 July 24

15:02 Union Pacific reports 2Q 2021 results
13:29 Major £10M project aims to unlock untapped potential of ocean renewable energy fuels
12:37 LR: Turning to technology to tackle container ship fires
11:14 Survitec enhances lifeboat inspection solution to deliver savings and flexibility for ship operators

2021 July 23

18:27 EBRD and Ukraine boost low-carbon hydrogen development
18:03 ROSATOM and GDK Baimskaya LLC sign agreement to jointly supply energy to Baimsky plant
17:58 Van Oord signs contract with the Spanish energy company Iberdrola for the Baltic Eagle offshore wind farm
17:50 Chantiers de l’Atlantique completes installation of EGCS on three MSC Cruises vessels
17:41 ROSATOM and Aeon Corporation agree to Arctic shipping cooperation
17:32 RWE, Shell, Gasunie and Equinor sign a declaration of intent on the AquaSector project
17:18 Rosatom and DP World sign Cooperation Agreement
16:55 RosGeo eyes exploration of solid mineral deposits in the Persian Gulf
16:32 Learn the latest global LNG trends with LNGcon 2022
16:30 ROSATOM and Moscow State University’s Marine Research Centre sign cooperation agreement on environmental impact assessment in Arctic
16:07 Rosatom expects transit cargo flow along NSR to reach 20-30 million tonnes per year by 2030
15:39 ROSATOM and Nornickel sign supplementary agreement on icebreaker accompaniment
15:01 Sea Port of Saint-Petersburg handled 4.1 million tonnes of cargo in H1’21, up 12% YoY
14:36 Recovery of investments in offshore geological exploration not expected by RosGeo before 2022