Sales of U.S. Shipyards

*Year*	*Location*	*Shipyard*	*Seller*	*Buyer*	*Type*	*Price ($mm)*	*Comments*
1980	Orange TX	Levingston Shipbuilding	Ashland Oil	Paden, Inc.	Assets	28	Spin-off to management
1980	San Diego CA	NASSCO	Kaiser Industries	Morrison-Knudsen	Stock	35	Kaiser sold 50% stake
1981	Gretna LA	Gretna Machine	Gretna Machine	Trinity Marine	Stock		Later resold
1981	Decatur AL	Ingalls Iron Works	Ingalls Iron Works	Trinity Marine	Stock		Later resold
1981	Chickasaw AL	Ingalls Iron Works	Ingalls Iron Works	Trinity Marine	Stock		Later resold
1982	Chester PA	Sun Ship	Sun Oil	Paden, Inc.	Assets	28	Later resold
1982	San Francisco CA	Bethlehem San Francisco	Bethlehem Steel	Todd Shipyards	Assets	14	Later resold
1983	East Boston MA	Bethlehem Boston	Bethlehem Steel	Boston Shipyard	Assets	6	Later resold
1983	Hoboken NJ	Bethlehem Hoboken	Bethlehem Steel	Braswell	Assets		Later folded
1983	Baltimore MD	Bethlehem Key Highway	Bethlehem Steel	AME/Swirnow	Assets	56	Sale failed
1983	Baltimore MD	Bethlehem Key Highway	Bethlehem Steel	Developers	Assets		Condos
1983	Baltimore MD	Bethlehem Fort McHenry	Bethlehem Steel	General Ship Repair	Assets	4	Operating
1983	San Pedro CA	Bethlehem San Pedro	Bethlehem Steel	Southwest Marine	Assets		Later resold
1983	Lorain OH	American Ship Building	American Ship Bldg.	Spitzer	Assets	3	Scrap yard
1983	Moss Point MS	Halter Moss Point	Halter Marine	Trinity Marine	Stock		Later resold
1983	Lockport LA	Halter Lockport
1983	New Orleans LA	Halter New Orleans
1983	New Orleans LA	Halter Chalmette
1984	Baltimore MD	Maryland Shipbuilding	Fruehauf Corp.	Management	Assets	30	Sale failed
1984	Savannah GA	Savannah Machine	Aegis Corp.	Sayler Marine	Assets		Operating
1985	East Boston MA	Bethlehem Boston	Boston Shipyard	Cashman Corp.	Assets	5	Liquidated
1985	New Orleans LA	Avondale Shipyards	Ogden Marine	Connell Partnership	Stock	375	Later resold
1985	Tacoma WA	Tacoma Boat	Tacoma Boat	Investment Group	Stock	20	Later folded
1985	Toledo OH	Toledo Shipyard	American Ship Bldg.	Port of Toledo	Assets	1	Leased to Manitowoc
1986	Bath ME	Bath Iron Works	Congoleum Corp.	Gibbons, Green	Stock	550	Backed by Prudential
1986	Quincy MA	Fore River Shipyard	General Dynamics	State of Massachusetts	Assets	50	Later resold
1986	Brooklyn NY	Todd Brooklyn	Todd Shipyards	Rodermond Industries	Assets		Later folded
1987	Baltimore MD	Maryland Shipbuilding	Fruehauf Corp.	Port of Maryland	Assets	8	Now a car terminal
1987	Savannah GA	Savannah Machine	Sayler Marine	Intermarine USA	Assets		Operating
1987	Escatawpa MS	Moss Point Marine	Moss Point Marine	Trinity Marine	Stock		Later resold
1987	New Orleans LA	Avondale Shipyards	Connell Partnership	Avondale Industries	Stock	287	Later resold
1987	Houston TX	Todd Houston	Todd Shipyards	Platzer Shipyard	Assets		Later resold
1987	New Orleans LA	Todd New Orleans	Todd Shipyards	Port of New Orleans	Assets	7	Leased to Avondale
1987	San Francisco CA	San Francisco Drydock	Todd Shipyards	Southwest Marine	Assets		Later resold
1988	Gulfport MS	Lockheed Shipbuilding	Lockheed	Avondale Industries	Assets	21	Later closed
1988	Portland OR	Northwest Marine	Northwest Marine	Southwest Marine	Assets	5	Later resold
1988	Tacoma WA	Marine Pwr & Eqpmt	Marine Pwr & Eqpmt	Unimar	Stock		Later folded
1989	Savannah GA	Thunderbolt Shipyard	Lockheed	Trinity Marine	Assets		Later resold
1989	Beaumont TX	Bethlehem Beaumont	Bethlehem Steel	Trinity Marine	Assets		Now a railcar plant
1989	San Diego CA	NASSCO	Morrison-Knudsen	NASSCO ESOP	Stock		Later resold
1989	Seattle WA	Lockheed Sbldg (#1)	Lockheed	Port of Seattle	Assets	9	Now a terminal
1990	South Boston MA	General Ship	General Ship	General Ship Acqn.	Stock	20	Later folded
1990	Galveston TX	Todd Galveston (SW plant)	Todd Shipyards	Fish packers	Assets	3	Later resold
1990	Brownsville TX	AMFELS	Allison-McDermid	Keppel Corp.	Assets		Operating
1990	San Pedro CA	Todd San Pedro	Todd Shipyards	Port of Los Angeles	Assets	(2.5)	Now a terminal
1991	Savannah GA	Thunderbolt Shipyard	Trinity Marine	Palmer Johnson	Assets		Operating
1991	Seattle WA	Lockheed Sbldg (#2)	Lockheed	Port of Seattle	Assets		Now a terminal
1992	Chester PA	Penn Ship (North)	City Capital Corp.	Penn Terminals	Assets		Now a terminal
1992	Chester PA	Penn Ship (Central)	City Capital Corp.	Metro Machine	Assets	10	Inactive
1992	Panama City FL	Eastern Marine	Eastern Marine	Trinity Marine	Assets		Later resold
1992	Mobile AL	Alabama Shipyard	ADDSCO	Atlantic Marine	Assets	25	Operating
1993	Gulfport MS	CEMCO	CEMCO	Trinity Marine	Assets		Later resold
1993	Pearlington MS	Gulf Coast Fabrication	Gulf Coast Fabrication	Trinity Marine	Stock	4	Later resold
1993	New Orleans LA	Algiers Drydock	Algiers Drydock	Bollinger Shipyards	Stock		Operating
1993	Galveston TX	Todd Galveston	Todd Shipyards	Port of Galveston	Assets	6	Later resold
1994	New Orleans LA	Harvey Quick Repair	Avondale Industries	Bollinger Shipyards	Assets		Operating
1995	Tampa FL	Tampa Shipyards	American Ship Bldg	Tampa Shipbuilding	Assets	5	Later resold
1995	Pascagoula MS	Chicago Bridge & Iron	Chicago Bridge & Iron	Trinity Marine	Assets	7	Later resold
1995	New Orleans LA	American Marine	American Marine	Trinity Marine	Assets	3	Later resold
1995	Orange TX	Chicago Bridge & Iron	Chicago Bridge & Iron	Trinity Marine	Assets		Later resold
1995	Port Arthur TX	Bethlehem Sabine	Bethlehem Steel	Texas Drydock	Assets		Later resold
1996	Bath ME	Bath Iron Works	Prudential Securities	General Dynamics	Stock	300	Operating
1996	Sparrows Point MD	Bethlehem Sparrows Point	Bethlehem Steel	Veritas Capital	Assets	15	Operating
1996	Newport News VA	Newport News Sbldg.	Tenneco	Newport News Sbldg.	Stock	500	Spin-off to stockholders
1996	Morgan City LA	McDermott Shipbuilding	McDermott	Bollinger Shipyards	Assets		Operating
1996	Amelia LA	McDermott Shipbuilding	McDermott	Bollinger Shipyards	Assets		Operating
1996	Gulfport MS	Trinity's "blue-water" yards	Trinity Marine	Halter Marine	Stock		Spin-off to stockholders
1997	Quincy MA	Fore River Shipyard	State of Mass.	Mass. Heavy Industries	Assets	5	Later folded
1997	Tampa FL	Tampa Shipyards	Tampa Port Authority	Tampa Bay Shipbuilding	Lease	10	Operating
1997	Gulfport MS	McDermott (Seaway Yard)	McDermott	Halter Marine	Assets		Later resold
1997	Gulfport MS	McDermott (3 Rivers Yard)	McDermott	Halter Marine	Assets		Later resold
1997	Orange TX	Texas Drydock	City Capital	Halter Marine	Stock	47	Later resold
1997	Sabine Pass TX	McDermott Shipbuilding	McDermott	Halter Marine	Assets		Later resold
1997	Houston TX	Bludworth Bond	Bludworth Bond	Halter Marine	Assets	5	Later resold
1997	Texas City TX	Bludworth Bond	Bludworth Bond	Halter Marine	Assets	5	Later resold
1997	Orange TX	Orange Shipbuilding	Orange Shipbuilding	Conrad Industries	Stock	25	Operating
1997	San Diego CA	Southwest Marine	Southwest Marine	U.S. Marine Repair	Stock	90	Operating
1997	San Pedro CA	Southwest Marine
1997	San Francisco CA	San Francisco Drydock
1997	Ingleside TX	Southwest Marine
1997	Sturgeon Bay WI	Peterson Builders	Peterson	Developers	Assets		Condos
1997	San Diego CA	Continental Maritime	Continental Maritime	Newport News Sbldg.	Stock	4	Operating
1997	Houston TX	Platzer Shipyard	Trinity Marine	First Wave	Assets		Operating
1997	Galveston TX	Todd Galveston (SW plant)	John Bludworth Marine	First Wave	Stock	19	Operating
1997	Pasadena TX	John Bludworth Marine	John Bludworth Marine	First Wave	Stock	19	Operating
1997	Galveston TX	Todd Galveston (main yard)	Galveston Wharves	First Wave	Lease	29	Operating
1998	Sulphur LA	Calcasieu Shipyard	Calcasieu Shipyard	Halter Marine	Stock	10	Later resold
1998	Portland OR	Portland Shipyard	Port of Portland	Cascade General	Assets	39	Sale failed
1998	San Diego CA	NASSCO	NASSCO ESOP	General Dynamics	Stock	415	Operating
1998	Norfolk VA	Norshipco	Norshipco	U.S. Marine Repair	Stock	25	Operating
1998	San Diego CA	Pacific Ship Repair	Pacific Ship Repair	U.S. Marine Repair	Stock		Operating
1998	Newport News VA	Newport News Sbldg	Newport News Sbdg	General Dynamics	Stock	1,245	Sale failed
1999	Newport News VA	Newport News Sbldg	Newport News Sbldg	Litton Industries	Stock		Sale failed
1999	New Orleans LA	Avondale Industries	Avondale Industries	Newport News Sbldg	Stock	470	Sale failed
1999	New Orleans LA	Avondale Industries	Avondale Industries	Litton Industries	Stock	590	Operating
1998	Galveston TX	Galveston Shipbuilding	Galveston Shipbuilding	First Wave	Assets	5	Operating
1999	Orange TX	Chicago Bridge & Iron	Trinity Marine	Halter Marine	Stock	15	Later resold
1999	Gulfport TX	Halter Marine Group	Halter Marine Group	Friede Goldman	Stock	270	Operating
1999	Morgan City LA	Service Marine	Service Marine	Bollinger Shipyards	Assets		Operating
1999	Savannah GA	Savannah Drydock	Intermarine USA	Intermarine Savannah	Assets	15	Later resold
2000	New Orleans LA	Trinity Yachts	Friede Goldman Halter	John Dane III	Assets	5	Operating
2000	New Orleans LA	Equitable Shipyards	Friede Goldman Halter	John Dane III	Assets	5	Operating
2000	New Orleans LA	Halter Gulf Repair	Friede Goldman Halter	Bollinger Shipyards	Assets	60	Operating
2000	Gretna LA	Gretna Machine
2000	Calcasieu LA	Halter Calcasieu
2000	Houston TX	Bludworth Bond
2000	Texas City TX	Bludworth Bond
2000	Panama City FL	Eastern Marine	Friede Goldman Halter	Unknown	Assets		For non-marine use only
2000	Portland OR	Portland Shipyard	Cascade General	Cammell Laird	Stock	50	49% of Stock
2000	Portland OR	Portland Shipyard	Port of Portland	Cascade General	Assets	31	Operating
2000	Marinette WI	Marinette Marine	Marinette Marine	Manitowoc Corp.	Stock	48	Operating
2001	Pascagoula MS	Litton Industries	Litton Industries	Northrop Grumman	Stock	5,100	Operating
2001	Chester PA	Metro Machine of PA	Metro Machine	State of PA	Assets	13	Debt forgiveness
2001	Honolulu HI	Marisco	Marisco	U.S. Marine Repair			Operating
2001	Houma LA	Houma Fabricators	Houma Fabricators	Scheepswerf de Hoop			Operating
2001	Newport News VA	Newport News Sbldg	Newport News Sbdg	General Dynamics	Stock	2,100	Sale failed
2001	Newport News VA	Newport News Sbldg	Newport News Sbdg	Northrop Grumman	Stock	2,600	Operating
2002	Norfolk VA	Norshipco	Carlyle Group	United Defense Industries	Stock	316	Operating
2002	Ingleside TX	Southwest Marine					Operating
2002	San Diego CA	Southwest Marine					Operating
2002	San Pedro CA	Southwest Marine					Operating
2002	San Francisco CA	San Francisco Dry Dock					Operating
2002	Honolulu HI	Marisco					Operating
2002	Pascagoula MS	Halter Pascagoula	Friede Goldman Halter	Singapore Technologies (VT Halter Marine)	Assets	67	Operating
2002	Moss Point MS	Halter Moss Point					Operating
2002	Escatawpa MS	Moss Point Marine					Operating
2002	Gulfport MS	Halter Gulfport					Later resold
2002	Gulfport MS	Halter Gulfport Central					Later resold
2002	Pearlington MS	Halter Port Bienville					Later resold
2002	Lockport LA	Halter Lockport					Later resold
2003	Pascagoula MS	FGO East	Friede Goldman Halter	Signal International	Assets	61	Operating
2003	Pascagoula MS	FGO West					Operating
2003	Orange TX	FGOT Orange					Operating
2003	Port Arthur TX	FGOT Dockyard					Operating
2003	Port Arthur TX	FGOT North					Operating
2003	Sabine Pass TX	FGOT Sabine					Operating
2003	Lockport LA	Halter Lockport	VT Halter Marine	Thoma-Sea Boatbuilders	Assets	1.5	Operating
2003	Savannah GA	Savannah Drydock	Worldcom	Palmer Johnson	Assets	10	Later resold
2004	Savannah GA	Savannah Drydock	Palmer Johnson	Global Ship Systems	Assets	14	Operating
2004	Honolulu HI	Honolulu Shipyard	Honolulu Shipyard	U.S. Marine Repair	Assets	16	Operating
2004	Pearlington MS	Halter Port Bienville	VT Halter Marine	Jimmy Levins	Assets	2	Inactive
2004	Gulfport MS	Halter Three Rivers	Estate of FGH	D. & H. Marine, LLC	Assets	1	Operating
2005	Gulfport MS	Halter Gulfport Central	VT Halter Marine	Gulf Coast Hatteras	Assets		Operating
2005	Erie PA	Metro Machine of PA	Western Penn. Port Auth.	Erie Shipbuilding	Lease		Operating
2005	Gulfport MS	Halter Gulfport	VT Halter Marine	Trinity Yachts	Assets		Operating
2005	Gulfport MS	Unnamed facility	Not known	U.S. Marine			Operating
2005	Brownsville PA	Hillman Barge	HBC Corp.	Heartland Transportation	Assets		Operating
2005	Houma LA	Houma Fabricators	Scheepswerf de Hoop	Otto Candies			Operating
2006	Gulfport MS	Gulf Ship	Not known	Edison Chouest			Operating
2006	Jacksonville FL	Atlantic Marine	Atlantic Marine Holdings	JFL Partners		180?	Operating
2006	Jacksonvuille FL	Atlantic Dry Dock					Operating
2006	Mobile AL	Alabama Shipyard					Operating
2006	Mobile AL	Arlantic Marine Mobile					Operating
2006	Beaumont TX	Trinity Beaumont	Trinity Industries	Chicago Bridge & Iron	Assets		To be used as a base for LNG terminal construction
2006	Mobile AL	Austal USA	Bender Shipbuilding	Austal	Stock	15	30% of stock
2006	Kingstown RI	Senesco	Senesco	Reinauer Transportation			Operating
2007	Philadelphia PA	Metro Machine of PA	Phila. Ind. Dev. Corp.	Boston Ship Repair	Lease		Operating
2007	Savannah GA	Global Ship Systems	Fortress Inv. Group	Fortress Inv. Group	Assets	18	Inactive
2008	Tampa FL	Tampa Bay Shipbuilding	Bender Shipbuilding	Edison Chouest	Stock		Operating
2008	Freeland WA	Nichols Bros. Boatbuilding	Nichols Bros.	Ice Floe LLC	Stock		Operating
2008	Marinette WI	Marinette Marine	Manitowoc Corp.	Fincantieri	Assets	120	Operating
2008	Sturgeon Bay WI	Bay Shipbuilding					Operating
2008	Cleveland OH	Cleveland Ship Repair					Operating
2008	Boston MA	Boston Ship Repair	Boston Ship Acquisition	JFL Partners	Stock		Operating
2008	Philadelphia PA	Boston SR of Philadelphia	Boston Ship Acquisition	JFL Partners	Stock		Operating