FOR IMMEDIATE RELEASE
                                Via Facsimile - 1 page total
                                    CONTACT:  Maja D. Larson
                                           206-623-1635 x108

                              
                              
                              
         TODD ANNOUNCES NEW CHIEF FINANCIAL OFFICER

      SEATTLE,  WASHINGTON, July 14, 1995 --- Todd Shipyards
Corporation ("Todd") has announced that Patrick L. Duong has
been  named Todd's Chief Financial Officer.  Mr. Duong  will
start  on  July 17, 1995.  He is joining Todd from  the  San
Francisco  area  where, most recently, he  was  the  CFO  of
Alcatel   TITN  Inc.,  a  developer  of  data  communication
software  and  PC based hardware, headquartered  in  France.
Prior  to  that Mr. Duong worked in the oil field  equipment
and  supply business, as well as the real estate development
and management business.