UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Commission File Number 1-5109
TODD SHIPYARDS CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 91-1506719
(State or other jurisdiction of (IRS Employer I.D. No.)
incorporation or organization)
1801- 16th AVENUE SW, SEATTLE, WASHINGTON 98134-1089
(Street address of principal executive offices - Zip Code)
Registrant's telephone number: (206) 623-1635
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Item 5. Other Events
On September 16, 1998, the Company issued a press release
stating that it has signed a contract with MAN B&W Diesel AG
of Augsberg, Germany to build a vessel which will function
as a 70 megawatt floating electricity-generating plant. The
facility will be constructed at Todd's Harbor Island
facility for use in Corrinto, Nicaragua. MAN B&W will
deliver the completed power plant to Enron Corp. of Houston,
Texas.
Item 7. Financial Statements and Exhibits
(c) Exhibits
28-1 Press Release dated September 16, 1998.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly
authorized.
Dated: September 18, 1998.
/s/ Michael G. Marsh
By: Michael G. Marsh
On Behalf of the Registrant as
Secretary and General Counsel
