Sparrows Point company receives $2.3M DOT contract
by Baltimore Business Journal
13 September 2004 –
North American Ship Recycling will receive $2.3 million to dismantle two retired ships from the U.S. Department of Transportation's James River Reserve Fleet in Virginia and is expected to nearly double its payroll by 50 employees, U.S. Transportation Secretary Norman Y. Mineta announced Monday at the company's Sparrow's Point Shipyard facility.
"These contracts could be just the beginning," Mineta said. "If they go well, and if the company is competitive in future bids, more ships could follow next year."Marine Metals and ESCO Marine, both of Brownsville, Texas, were awarded contracts to dismantle ships in the outdated fleet earlier this summer.The Sparrows Point company was chosen for the latest contracts because of the dry docks at the facility, Mineta said.The majority of the steel from the ships, the Lauderdale and the Mormacmoon, is expected to be recycled by another business in Sparrows Point.North American Ship Recycling is a subsidiary of Barletta Willis LLC, the Boston-based investment group that won the bid to purchase Bethlehem Steel Sparrows Point Shipyard in November 2003 for $11.3 million.
© 2004 American City Business Journals Inc.
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