I was the unfortunate participant in a 10 year special survey there about 6 years ago. I’m quite surprised it lasted this long. It was a shitshow of a yard. At that time they had sold the entirety of their machine shop equipment and were subcontracting everything. The writing was on the wall.
whatever their merits (or lack of) it is still sad to see yet more of our industry go away and as a result it get continually smaller each year. the world’s powerhouse of industry is dying before our very eyes.
how much you wanna bet now that Gary Chouest makes some sweetheart deal with Alabama to take over this yard too so that when there is a rebound, he will own every big drydock in the GoM?
Isn’t this a subsidiary of a very large British military contractor who were looking to cash in on US Navy contracts??
Did those somehow not materialize and thus they lost money rather than cashing in??
Dude don’t make me laugh and spit my coffee…as you know, steel is a commodity and the price will rise across the board no matter who produces it. Ask Electrolux why they decided to shelve plans to expand their Tennessee plant.