James Rees, a Welshman, established this shipyard, which was originally a machine shop and engine works called Rees & Thorn. In 1878, they began building ships. It is claimed that they built not only the first steel-hulled boat in America - the "Francisco Montoya", in 1878 - but also the first boat with electric light throughout - the "Kate Adams", in 1882. It is also notable for building many knockdown (KD) boats for service in South America. The yard closed in 1930.
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