New shipyard to locate at Port of Vicksburg. (Photos from Terral River Service website.)
Vicksburg Shipyard is launching vessel repair and maintenance operations in Vicksburg, representing a $26 million corporate investment over the next five years. The project is expected to create at least 44 jobs in Warren County.
A subsidiary of Louisiana-based Terral RiverService, Vicksburg Shipyard is acquiring assets and land at the Port of Vicksburg to support its operations. The facility will provide maintenance and repair services for Terral RiverService’s 42 boats and more than 200 barges, as well as vessels from other maritime companies that may have previously sought repairs out of state.
Mississippi Governor Tate Reeves emphasized the significance of the project, stating, “The Mississippi River is a vital passageway to domestic and international markets for so many companies with extensive shipping needs. Not only will Vicksburg Shipyard’s new maintenance and repair operations create quality jobs and ensure critical work is performed locally, the project also strengthens river commerce along the Mississippi. Vicksburg Shipyard is another economic development success for our state and for our impressive maritime industry.”
The Mississippi Development Authority (MDA) is supporting the project through the Mississippi Flexible Tax Incentive (MFLEX) program, with additional assistance provided by the Vicksburg Warren Economic Development Partnership.
Terral RiverService CEO Tom Gattle expressed confidence in the positive impact of the new shipyard, stating, “We believe Vicksburg Shipyard will not only help Terral RiverService operate more efficiently but will help many of the towing companies and barge lines operating in and around Mississippi and along the Mississippi River. Bringing jobs to the communities we live and operate in has always been a focus of Terral RiverService, and we look to continue that with the growth of Vicksburg Shipyard.”
Warren County Board of Supervisors President Kelle Barfield echoed the importance of private investment in the region, stating, “Warren County’s economy thrives when private businesses see this as a strong place to locate and to grow. Many factors support projects such as this enormous investment by Vicksburg Shipyard, including workforce readiness, competitive tax rates and quality of life for their employees. The Warren County Board of Supervisors is committed to working with leaders of business and industry to strengthen our economic environment as much as possible.”
Vicksburg Shipyard plans to begin operations immediately, marking a significant step forward for the region’s maritime and industrial sectors.