The company bought land along the Patapsco River across the Bay from Fort McHenry.
Sometime after 1950, its name was changed again, to the Maryland Shipbuilding and Drydock Company.
[2] Maryland Drydock specialized in ship conversions, upgrades and repairs rather than with shipbuilding per se.
In 1970, the company's yard in Baltimore was purchased by the Fruehauf Trailer Corporation which spent $30 million upgrading the site.
Adverse economic conditions caused the yard to close in 1984 and much of the site was razed, although one drydock was preserved and was being used by Kurt Metal for the scrapping of old ships in 1995.