Mass. shipyards merge, expand services - Trade Only Today

Mass. shipyards merge, expand services

Author:
Publish date:

Fairhaven Shipyard & Marina purchased D.N. Kelley & Son Inc., of Fairhaven, Mass., on July 31.

The purchase consolidates the services of two long-established marine facilities on the Fairhaven waterfront under the same management structure and forms a new company called Fairhaven Shipyard Companies.

The operations will be known as the North Yard and South Yard of Fairhaven Shipyard Companies Inc. 

“This merger provides clients with all the resources of each operation and gives us the opportunity to offer a wider range of marine services,” president Kevin McLaughlin said in a statement. “It’s a perfect fit across the board. We look forward to building on the history of business diversification and expansion that has kept the respective shipyards at the forefront of the marine industry since the mid-19th century.”

The two firms have a combined workforce of 100 employees, and the enlarged shipyard covers 12-plus acres.

Since 1879, Fairhaven Shipyard & Marina has provided repair and maintenance of yachts and commercial vessels, from New Bedford’s whaling ships to sophisticated, high-tech megayachts. The family-owned D.N. Kelley & Son has offered a broad range of shipyard services to private and commercial vessels since 1864.

Related

E-nnovation Lab to expand at 2018 Metstrade show

The growing demand for hybrid and electric engines is becoming more apparent within the leisure marine market, prompting Metstrade to introduce the E-nnovation Lab platform for electric propulsion technology.

Aluminum, tow boats lead moderate growth in May

Boat registrations were up 2.1 percent in May in the main powerboat categories, and rose 3.2 percent in all categories, according to preliminary data from Statistical Surveys Inc., a Michigan company that tracks new boat registrations.

Retaliatory tariffs on boats to EU start today

The 25 percent tariff the EU announced Wednesday on U.S.-built boats kicks in today, and a 10 percent tariff on boats sold to Canada will start July 1, prompting boatbuilders to worry they will lose sales to those countries.