Vistal renovates and modernises a floating dock for Norwegians

The floating dock was towed to Gdynia on Friday, 7 June. It was purchased by a Norwegian shipyard and comes from Klaipeda. Its renovation and modernization will be carried out by Vistal. The dock is moored at the Hungarian quay, which (in part) is at the disposal of Vistal Gdynia (formerly Vistal Repair Shipyard).

It is a dock formerly owned by the Western Shiprepair shipyard BLRT Grupp (otherwise known as Western Baltija Shipyard), known as dock 2 (PD-812),
The 10 000 t dock (according to other sources – 12 000 t), built in 1970, has a total length of 165 m, a line length of 153,6 m kiloblocks and an internal width of 27,4 m between the bumpers on the inside of the towers. It can accommodate ships with a draught of up to 7.8 m. It is equipped with two cranes with a lifting capacity of 15 tons each on a 10 m, 10 t / 15 m, 8 t / 21 m overhang.

By acquiring and modernising this dock, Fiskerstrand is investing in increased docking capacity, efficiency, access to new markets and meeting environmental requirements.

The shipyard in Klaipeda, which sold the dock to Norway, ordered new, larger floating docks for itself. Fiskerstrand, on the other hand, will replace its old (1943) 133-metre-long 7000-tonne dock, which has just been purchased and modernised, and which, according to unofficial sources, was to be sold to a Belgian contractor.

As part of the modernisation of the dock at the Polish shipyard, the following modifications will be carried out and equipment installed:
– enabling the handling of vessels with azimuthal propulsors protruding below the base plane of the vessel;
– hydraulically operated side supports to improve and improve the docking efficiency of certain types of vessels (in particular non-flat-bottomed vessels);
– system of collectors of polluted waste water after high-pressure cleaning of hulls to avoid pollution of the marine environment;
– Increased possibilities for the use of shore-side electricity.

On behalf of the Fiskerstrand shipyard, the main contract for the repair and modernisation of the dock is a Norwegian company that contracts work with Vistal.
As it has already informed on 8 May this year. Vistal Gdynia SA under restructuring – on that day a contract was concluded with MSI Marine Service International AS with its registered office in Norway for repair services of the floating dock. It is a company belonging to the Muehlhan Group.

The estimated value of the contract is EUR 310,000 net.

The terms and conditions of the agreement do not differ from those commonly used in such agreements. The agreement provides for the possibility for the Contracting Party to demand compensation for delay in the performance of the subject of the agreement in case of delay exceeding 3 days. The total liability of the Company is limited to 10% of the value of delayed works. The criterion for recognising the agreement as significant is the value of the subject matter of the agreement.

The conclusion of the agreement is the effect of extending the Company’s competence to include repair services in connection with the merger with the subsidiary Vistal Stocznia Remontowa Sp. z o.o., of which the Company informed in report no. 59/2018.

Let us add that Vistal Gdynia had a net loss of PLN 3.36 million, an EBIT of PLN 2.07 million in Q1 2012 (this means that the operating profit amounted to PLN 2.07 million compared to a loss of PLN 10.12 million in the same period a year earlier) and recorded a consolidated net loss of PLN 3.36 million attributable to the shareholders of the parent company in Q1 2019 compared to a loss of PLN 21.48 million a year earlier, the company reported in its report.
Consolidated revenue on sales reached PLN 17.25 mn in Q1/2011 vs. PLN 13.58 mn a year earlier. On a stand-alone basis, the net loss in Q1/2011 was PLN 1.9m as compared to PLN 15.21m loss a year earlier.
The company’s consolidated revenue from sales reached PLN 65mn in 2018.

Vistal Gdynia in restructuring is a manufacturer of steel structures, executing contracts for customers in Poland and on foreign markets.

The company debuted on the Warsaw Stock Exchange in January 2014. The Group operates in the infrastructural, marine and offshore segments, including port infrastructure, construction and power engineering. On 10 July 2019, a Creditors’ Meeting of Vistal Gdynia SA was convened by the Court to vote on the composition agreement. The company’s restructuring plan is presented at: www.vistal.pl/dla-wierzycieli.

Vistal Gdynia under restructuring is a manufacturer of steel structures, executing contracts for customers in Poland and on foreign markets. The company debuted on the Warsaw Stock Exchange in January 2014. The Group operates in the infrastructural, marine and offshore segments, including port infrastructure, construction and power engineering. The consolidated sales revenues of the company reached PLN 65 million in 2018.

PBS, rel (Vistal Gdynia)

Photo: Piotr B. Stareńczak