The shipbuilding operation was far more massive than he could have imagined.

But Wartsila has managed to keep its shipbuilding operations going by capturing large shares of smaller, specialized segments of the industry.

The Neyel Hegemony must have established a substantial shipbuilding operation there.

The company's last vessel, the steel tug Adriatic, was delivered in September 1908, after which the new owners discontinued shipbuilding operations.

After a private education, Thomas Fairbairn worked in his father's businesses from 1840, and took charge of the firm's shipbuilding operation in Millwall.

The company was one of the best known shipbuilding companies in the world but ceased shipbuilding operations on Tyneside in 2006.

For a short period, it was the largest shipbuilding operation in the Australian colonies.

Mr. Agee said the shipbuilding operation, which had operating losses of $10.7 million on revenues of $115 million in 1987, would report to him.

Initially, General Dynamics had said that it would not sell its core military business - aircraft, tank, space-launching systems and shipbuilding operations.

It has shut down most of South Korea's auto industry, many big factories and shipbuilding operations, and some hospital wards.