Ship Company Leaves Philadelphia

Thursday, May 11, 2006
A Norfolk, Va.-based ship repair company, which once promised enterprise and hundreds of jobs for Chester and Philadelphia, will close the last of its Philadelphia operations in July. For the past six years, Metro Machine Corp. had contracts with the U.S. Navy to dismantle inactive ships. Its latest solicitation in April turned up zero work orders, forcing the company to cease its work at the Philadelphia Naval Yard and leave about 100 workers jobless. Metro expects to complete its final disassembly on the USS Stark by the end of June, and then remove its equipment from dry dock 2 and dry dock 3 by July 14. The Philadelphia Industrial Development Corp., the city’s economic development agency which leases the property at the naval yard, said it has already begun its search for Metro’s replacement. (Source: The Delaware County Times)
Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Schlumberger Announces Q1 Results

Schlumberger Limited (NYSE:SLB) today reported first-quarter 2014 revenue from continuing operations of $11.24 billion versus $11.91 billion in the fourth quarter of 2013, and $10.

Russia Ships First Oil From Offshore Arctic Platform

President Vladimir Putin hailed Russia's first shipment of Arctic offshore oil on Friday, saying the platform decried by environmentalists will help Moscow expand its global energy markets share.

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1014 sec (10 req/sec)