August 24, 1988 |
One of the West Coast's largest shipbuilding and tugboat companies emerged from federal bankruptcy protection Tuesday when family ownership was transferred to employees. Unimar International Inc., formerly WFI Industries, began operations here with its 400 employees holding 73% of the company's stock under a reorganization orchestrated by Drexel Burnham Lambert Inc.
May 13, 1988 |
Union officials at a San Diego shipyard where nine workers were injured charged Thursday that a hoist that has never been inspected broke apart, causing a 22-ton propeller shaft that was being installed on a Navy destroyer to plunge into the group of workers. The accident--which left three men hospitalized--occurred Wednesday at the National Steel & Shipbuilding Co. yard as workers were aligning the shaft, said Fred Hallett, spokesman and vice president of finance for the firm.
November 20, 1989 |
Massive repairs to the crippled Exxon Valdez, the tanker responsible for the largest oil spill in U.S. history, are proceeding ahead of schedule, according to the National Steel & Shipbuilding Co. in San Diego. The $25 million in repairs, which include replacing 3,400 tons of steel in the ship's hull, are unprecedented in magnitude, company officials say.
July 8, 1989 |
The Todd Shipyard at San Pedro, last shipbuilder operating at the Los Angeles Harbor, will close after 72 years and lay off its already emaciated work force of about 400, it was announced Friday. The yard has failed in recent years to land any new Navy construction contracts, and like American shipyards on all coasts it has been uncompetitive in bidding against low-wage foreign yards to build commercial ships. Its owner, Todd Shipyards Corp. of Jersey City, N.J.
CALIFORNIA | LOCAL
July 9, 1989 |
At the vast Todd Shipyards complex in San Pedro, Barry Pettyjohn works in virtual solitude. It has not always been this way. Just seven years ago, Pettyjohn, a marine machinist foreman, supervised 180 people--175 more than work for him today. Back then, nearly 6,000 workers--riggers, pipe fitters, painters, machinists, welders and electricians--jammed the 112-acre facility, where they churned out guided-missile frigates under a massive peacetime buildup of this country's naval fleet.
December 11, 1990 |
You may never have heard of a tiny, southwest Pacific island group called Vanuatu that was once known as New Hebrides and became an independent nation in 1980, with a population of just 115,000. But then you probably don't own a shipping company either. If you did, you would know that Vanuatu has joined Liberia, Panama, the Bahamas and a few other countries that for years have been selling "flags of convenience," which, along with drastic cuts in U.S.
CALIFORNIA | LOCAL
January 25, 1986 |
In the highly competitive world of shipbuilding, a little edge can go a long way--to contracts worth hundreds of millions and even billions of dollars. That is why National Steel and Shipbuilding Co., the largest shipbuilder on the West Coast and one of the city's largest employers, is hopeful that a proposed privately owned power plant will help give it the competitive edge on a Navy contract worth $2.
May 1, 1995 |
Along the James River in southern Virginia, the Navy has quietly dropped the anchors on two of its newest oil tankers, still unfinished and slowly rusting away. After spending more than $450 million, the entire budget for the two ships, the Navy abandoned the effort--a contracting failure that has no modern day equal even among the many defense programs that have been canceled in the aftermath of the Cold War. The program, named after the late West Coast industrialist Henry J.