Exhibit 23

           Consent of Ernst & Young LLP, Independent Auditors


We consent to the incorporation by reference in the Registration
Statement (Form S-8 No. 333-64145) pertaining to the Incentive
Stock Compensation Plan of Todd Shipyards Corporation of our
report dated June 9, 1999, with respect to the consolidated
financial statements and schedule of Todd Shipyards Corporation
included in the Annual Report (Form 10-K) for the year ended March
28, 1999.


Seattle, Washington
June 24, 1999