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