Controlled by Vard, a company dedicated to the construction of offshore vessels for oil and gas exploration and production, as well as fishing vessels, coastguards and icebreakers. After the acquisition, the shipyard is renamed Vard Promar and occupies an area of ​​80 hectares on the island of Tatuoca in Pernambuco.more

The Rio Santiago Shipyard is a shipyard located in the city of Ensenada, Buenos Aires Province at the shores of the Santiago River. It has been one of the major active and important shipyards in Latin America. Founded in 1953, it has realized diverse functions in the naval, industrial and railroad sectors. In its golden age the shipyard reached 8,000 workers on double shift. In 2008 relies on 2,700 workers.The facilities and labor available to the Shipyard for the repair or transformation of the ship's hull and machinery are unique in Argentina. The Río Santiago Shipyard has a floating dock 170 meters long and 26 meters wide, with a lifting capacity of 7,500 tons. The repair area has a dock with an extension of 1000 meters and a depth of 31 feet, with a capacity of cranes of up to 250 tons, with the technical provision of mechanized, electrical and boiler shops. This infrastructure makes it possible to repair large ships, being able to cite as some examples, those carried out on oil vessels belonging to different companies, the maintenance of the " Buquebus"and the works carried out periodically to the ARA Libertad Frigate , after its" Half Life " repair .more