History
Original Maryland steel - from 1887-1916 - became Bethlehem Sparrow Point Shipyard from 1916-1997
Maryland Steel built tugs, coastal passengers, dredges, cargo ships, and a few destroyers. Following the purchase by Bethlehem, it serviced and repaired ships and manufactured industrial products.[citation needed]
During World War II, the Sparrows Point Shipyard built ships as part of the U.S. Government's Emergency Shipbuilding Program to help re-build the British Merchant Navy. Liberty ship production was a primary goal of the yard.[citation needed]
Once part of a chain of 17 shipyards operating under BethShip, the Sparrows Point Shipyard was the only location remaining by 1990.[citation needed]
Baltimore Marine Industries Inc.
In October 1997, the shipyard was sold to the Veritas Capital Fund, a New York-based merchant banking and investment firm which built a $300 million cold rolling mill complex on the site with a scheduled opening in 1999.[citation needed]
Veritas reorganized the facility as Baltimore Marine Industries Inc. (BMI) BMI collapsed in bankruptcy in 2003.
Barletta Industries
All assets were purchased by Barletta Industries Inc. in 2004 and reorganized as the Sparrows Point Shipyard and Industrial Complex. Barletta claims it has modernized the infrastructure and refurbished the yard to prepare for leasing specific yard structures, buildings and land to companies in maritime and heavy industry
No files available