Canada: SNC-Lavalin Withdraws from Davie Joint Venture

Canada - SNC-Lavalin Withdraws from Davie Joint Venture

SNC-Lavalin has made the difficult decision to cease its efforts to participate in the Davie Joint Venture. Following an extensive analysis, it is concluded that this initiative did not pass the financial or business risk criteria required to proceed. SNC-Lavalin will collaborate with all stakeholders to facilitate the transition.

SNC-Lavalin was one of the Davie J.V. partners that was planned to take part in the completion of the Cecon vessels under construction at the Davie yard.

“Cecon regrets the withdrawal, however alternative solutions are under negotiations and development for delivery of the vessels. During the process up until the withdrawal the yard was made ready for a start-up in mid-June.

Based on successful negotiations and development we expect possible delays to be minor.” said Cecon in a press release.

Source: CECON , June 4, 2012

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jul 2016 >>
MTWTFSS
27 28 29 30 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

SEATRADE CRUISE MED 2016

The conference is a leading platform for discussion and debate on issues confronting the cruise industry in the Mediterranean and its adjoining seas…

read more >

SMM 2016

SMM Hamburg 2016 is the leading international forum of the maritime industry.SMM offers the unique chance for exhibitors and trade visitors…

read more >

5th Annual Salvage & Wreck Asia Conference

Hear industry leaders debate:
• Combating piracy in South Asia
• Preparing for industry growth in the cruise ship sector…

read more >

Global Liner Shipping Asia Conference

Alliances analysed – will changes have a positive or negative impact on the industry?
Lloyd’s List/Containerisation International Business Briefing…

read more >