Bergesen Heads Firm Seeking To Purchase Boston Navy Yard
Gerald W. Bush, Boston's commerce and manpower director, has announced that a newly formed corporation headed by a former General Dynamics executive is seeking to acquire the facilities of the Boston Naval Shipyard and the South Boston Naval Annex for conversion into a commercial shipbuilding operation.
The two installations are due to be deactivated May 1—casualties of the Navy Department's program to cut its shore-based activities.
Several groups have indicated interest in taking over all or part of the two facilities.
The recently organized Boston Shipbuilding Corp., however, has come up with proposals, final decision on which is expected within 90 days, for taking over the yards and their conversion into commercial ship construction and repair operations.
The new corporation is headed by Lloyd Bergesen, former general manager of General Dynamics' Quincy shipyard and a vice president of the big conglomerate. Mr.
Bergesen was a leading figure in the development of General Dynamics' liquefied natural gas carrier shipbuilding program.
The company plans to use the facilities for building ships and barges for proposed oil drilling operations off the coast of New England.
The company has indicated it is preparing to put up $50 million in a financing arrangement involving the takeover of the properties by the city and a leaseback agreement in which the corporation would operate the plants.
According to Mr. Bush, Boston Shipbuilding wants two-thirds of the Boston Naval Shipyard, including including a foundry, machine shops and other apurtenances formerly used in the construction and repair of Naval vessels.
A 20-acre portion of the yard, located in the Charlestown section of the city, has been reserved as a national park and a berth for the frigate Constitution.
The company wants the entire South Boston facility, which contains one of the longest graving docks on the Atlantic Coast.
According to William Semich, Boston's director of special projects, the corporation's plans appear to involve the prefabrication of ships at Charlestown and the assembly and launching of new tonnage at the South Boston plant.
The South Boston unit is also being eyed by the U.S. Coast Guard, which is considering relocating its Boston base from a cramped area in the north end of the city to the more spacious annex.
The Massachusetts Port Authority has under study the possibility of acquiring part of the South Boston property for a new fish pier and processing plant.
City and Massachusetts officials met in Washington with legislators and Navy, Coast Guard, Interior and Defense Department representatives to consider the various plans which have been forthcoming in the disposition of the two facilities.
Other stories from January 15, 1974 issue
- Offshore Seminar To Be Held Feb. 4-8 In Houston, Texas page: 4
- Dearborn-Storm To Add New Jackup Rigs At Cost Of $29 Million page: 5
- The Presque Isle page: 7
- Bergesen Heads Firm Seeking To Purchase Boston Navy Yard page: 11
- Navy Energy R&D Office Relocated page: 12
- Moore And McCormack Co. Plan To Change Firm's Name page: 12
- Navy Amphibious Assault Landing Craft To Be Built By Todd Seattle Shipyard page: 14
- SNAME New England Section And AWS Hear Japanese Shipbuilding Report At Joint Meeting page: 14
- Midshipmen Hear Panel Of Four Discuss Offshore Drilling Careers For USMMA Graduates page: 19
- Pacific Lighting Marine Awards Contract For Two LNGs To Sun Shipbuilding With Option To Build Three More Ships page: 19
- Supertanker Brooklyn Sold By Seatrain To General Electric Credit page: 22
- Lykes Elects Four New Vice Presidents page: 24
- Kent E. Hoffmeister Named Engineering VP At Nashville Bridge page: 24
- South African Marine Elects Charles Parkhill page: 25
- Giant Gantry Crane Ordered From Krupp By Newport News Ship page: 25
- GATX Subsidiary Orders Second Coal Carrier From Bay Shipbuilding page: 26
- Year-End Report page: 27
- N.Y. SNAME, NYPE, IME And ASNE Joint Meeting Hears Paper On Silencing Marine Gas Turbines page: 27
- American Ship Receives Orders Totaling $31 Million For Towboats And Barges page: 30
- First Semisubmersible Drilling Rig Built On U.S. East Coast Christened At Bethlehem Steel's Baltimore, Md. Shipyard page: 31
- Second French Cargo Vessel Delivered At Sorel page: 34
- Colt Industries Names J.F. Morgan President Power Systems Div. page: 34
- J.J. Henry Company Moorestown/Norfolk Announces Promotions page: 34
- Sydney Swan Retires From American Bureau page: 35
- More Navy Ship Repair Work For Private Shipyards page: 37
- Sun Ship Builds Big, Fast Trailership In Record Time page: 37
- Stewart & Stevenson Open London Office; Knapp Named Manager page: 38
- Captain Robert E. Hart Named New President Marine Index Bureau page: 39
- Military Sealift Command Invites Offers To Operate Nine 25,000-Dwt Tankers page: 41
- Hydro Products Introduces New Right Angle Adaptor For Underwater TV Camera page: 41