Horizon Shipbuilding References Navigation menu"Bayou Shipbuilder Booming""Horizon Shipbuilding files for Chapter 11""Metal Shark, Horizon Shipbuilding to build NYC ferries""New York's Ferries Have Left Some of Their Builders High and Dry""Horizon bankruptcy tied to New York ferry and tug projects"

Manufacturing companies based in AlabamaAmerican boat builders


Bayou La Batre, AlabamaNYC FerryMetal Shark Boats




Horizon Shipbuilding is a shipyard located in Bayou La Batre, Alabama.


The company was founded by the Short family in 1997 after a previous shipbuilding venture failed.[1] In 2002, Horizon declared bankruptcy after a Nigerian client failed to pay in full for several delivered vessels.[1][2] After emerging from bankruptcy, control of the company passed in full to Travis R. Short, the younger of the father-son founding team.[1] Horizon expended its business through the 2000s, delivering vessels to defense, fishing, and towboat customers.[1] By 2016, the company employed about 350 people and had annual revenue of between $40 and $50 million.[1]


In July 2016, Horizon was one of two shipbuilders awarded a contract to construct new passenger ferries for the NYC Ferry service in New York City.[3] However, during the construction of the vessels, Horizon encountered cash flow challenges and began to fall behind schedule, leading it to employ contract workers that exacerbated its financial difficulties.[4] Horizon president Short said the company had agreed to build each vessel for $2.6 million, lower than the $3 million quoted by the other builder, Metal Shark Boats, which was insufficient to cover expenses.[4] The company filed for bankruptcy in November 2017, citing losses incurred on the ferry construction as well as a series of tugboats that also cost more to build than expected.[5]



References




  1. ^ abcde "Bayou Shipbuilder Booming". Business Alabama. February 2017. Retrieved 19 November 2017..mw-parser-output cite.citationfont-style:inherit.mw-parser-output .citation qquotes:"""""""'""'".mw-parser-output .citation .cs1-lock-free abackground:url("//upload.wikimedia.org/wikipedia/commons/thumb/6/65/Lock-green.svg/9px-Lock-green.svg.png")no-repeat;background-position:right .1em center.mw-parser-output .citation .cs1-lock-limited a,.mw-parser-output .citation .cs1-lock-registration abackground:url("//upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Lock-gray-alt-2.svg/9px-Lock-gray-alt-2.svg.png")no-repeat;background-position:right .1em center.mw-parser-output .citation .cs1-lock-subscription abackground:url("//upload.wikimedia.org/wikipedia/commons/thumb/a/aa/Lock-red-alt-2.svg/9px-Lock-red-alt-2.svg.png")no-repeat;background-position:right .1em center.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registrationcolor:#555.mw-parser-output .cs1-subscription span,.mw-parser-output .cs1-registration spanborder-bottom:1px dotted;cursor:help.mw-parser-output .cs1-ws-icon abackground:url("//upload.wikimedia.org/wikipedia/commons/thumb/4/4c/Wikisource-logo.svg/12px-Wikisource-logo.svg.png")no-repeat;background-position:right .1em center.mw-parser-output code.cs1-codecolor:inherit;background:inherit;border:inherit;padding:inherit.mw-parser-output .cs1-hidden-errordisplay:none;font-size:100%.mw-parser-output .cs1-visible-errorfont-size:100%.mw-parser-output .cs1-maintdisplay:none;color:#33aa33;margin-left:0.3em.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration,.mw-parser-output .cs1-formatfont-size:95%.mw-parser-output .cs1-kern-left,.mw-parser-output .cs1-kern-wl-leftpadding-left:0.2em.mw-parser-output .cs1-kern-right,.mw-parser-output .cs1-kern-wl-rightpadding-right:0.2em


  2. ^ "Horizon Shipbuilding files for Chapter 11". Marine Log. 7 February 2002. Retrieved 19 November 2017.


  3. ^ "Metal Shark, Horizon Shipbuilding to build NYC ferries". Marine Log. 7 July 2016. Retrieved 19 November 2017.


  4. ^ ab "New York's Ferries Have Left Some of Their Builders High and Dry". The New York Times. 5 October 2017. Retrieved 19 November 2017.


  5. ^ "Horizon bankruptcy tied to New York ferry and tug projects". Workboat. 9 November 2017. Retrieved 19 November 2017.








American boat builders, Manufacturing companies based in AlabamaUncategorized
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