its name to Allied Shipbuilders and expanded into ship repairs by acquiring Burrard Shipyard & Marine Ways, which operated a ship repair yard in Coal Harbour. In 1967, Allied left False Creek, establishing a larger shipyard just east of the Ironworkers Memorial Second Narrows Crossing, where it continues to operate to this day. The company's Coal Harbour yard was closed in 1979 to make way for a series of waterfront high-rise towers that were subsequently built on the land, and its operations joined those of Allied on the north shore of Vancouver Harbour. Now primarily a repair yard, Allied has constructed 259 hulls during its history, including fish boats, tugs, log barges, ferries, off-shore supply vessels, Arctic icebreakers and harbour-patrol ships. The company operates two floating drydocks, which were designed and constructed in its own yards. As of 2012, it has become British Columbia's second-largest privately owned, commercial shipyard company, employing 120 people. On February 1, 2012 and after 63 years of family ownership, brothers Jim and Malcolm McLaren, the firm's shipyard manager and president, respectively, sold their majority ownership in Allied Shipbuilders to Chuck Ko, who had been, until then, the company's vice-president of operations. Ko, a professional engineer (P.Eng.), subsequently became president of the company, after 30 years as an employee of the firm. The transaction occurred after the trio completed several years of transition preparation to ensure the stability of the firm. The two McLaren's signed the sale documents as one of their last acts before stepping away, each for different reasons. Jim retired, while Malcolm left his position for health reasons. There are still McLarens at Allied, however. A third brother, Douglas McLaren, continued as both a part owner and as the company's Electrical Superintendent. His sons, Jason and Marcus, as well as Jim McLaren's son, Ward, remained with the company as well. Ko was hired by the firm's founder, Arthur McLaren (P.Eng), in 1980. A Registered Professional Engineer in Naval Architecture and Marine Engineering and a Member of the Society of Naval Architects and Marine Engineers, Ko progressed through the company, starting as a design draftsman, but later holding positions such as technical manager and later vice-president of operations. In the four years prior to his purchase of the firm, he managed projects valued in excess of $50 million on behalf of Allied Shipbuilders. Ferries Hull 72 M/V North Island Princess - 1958 Hull 108