1968 to 1979 Bay Shipbuilding Company was formed in 1968 after
The Manitowoc Company closed
Manitowoc Shipbuilding Company and purchased Sturgeon Bay Shipbuilding and then Christy Corporation in 1970, which were adjacent on the east side of the
Sturgeon Bay Ship Canal. Sturgeon Bay Shipbuilding & Dry Dock was formerly Rieboldt, Wolter & Co., Universal Shipbuilding Company and Sturgeon Bay Dry Dock Company. Christy Corporation was formerly Leathem D. Smith Towing & Wrecking Company, Leathem D. Smith Dock Company and Leathem D. Smith Shipbuilding & Dry Dock Company. Bay Shipbuilding initially invested $500,000 in purchasing the two yards. In the early 1970s they invested $30 million for improvements. The 1970s turned out to be a boom period for Bay Shipbuilding since Great Lakes shipping fleet owners had decided to upgrade their fleets. They would build 30 ships for the lake fleet in the 1970s. In 1975, Bay Shipbuilding had around 800 workers and expected to expand to 1,400 because of a new contract to construct four 1,000 foot long lake freighters for the
American Steamship Company and
Bethlehem Steel. At least six of the 1,000 foot long, 40,000 ton self-unloading ore carriers were delivered from 1977 to May 1981. By the end of 1978, Bay Shipbuilding employed nearly 2,000. The ships were Sea-Land's only vessels designed and built in the United States. However, Bay Shipbuilding did not win the contracts by underbidding foreign shipyards. Since the ships were destined for the
Puget Sound to
Alaska trade route, the
Jones Act required that the ships be made in the United States. In March 1988, after the completion of the three Sea-Land container ships, Bay Shipbuilding announced it was ceasing new shipbuilding due to the lack of domestic contracts and a decline in the US shipbuilding industry. In the mid-1990s, the nearby
Peterson Builders shipyard closed. In the late 1990s, the yard built a handful of smaller vessels including a ferry, two tugs, a dredge and the 475 foot tank barge
Seneca (later named
DBL 140). Prior to 2015, Fincantieri added a new
floating dry dock and
Computer-aided manufacturing equipment during a $26 million capital expansion plan. becoming the first lake freighter built by the yard since 1987. The
river-class freighter entered regular service on July 27 and was formally christened on September 1 in
Cleveland, Ohio. == Predecessor companies ==